Allium Powering Electric Capital's 2023 Crypto Developer Report

At the end of 2023, leading venture capital firm Electrical Capital published the following report on digital asset activity - contributing the new momentum 2024 would go on to bring to the crypto space. Allium worked as a data partner to help facilitate the discovery and analysis of these insights. The link to Electrical Capital's full report is as follows: https://www.developerreport.com/developer-report?s=developer-report.

Below is an excerpt from The Electrical Capital 2023 Crypto Developer Report:
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Why measure developers: Developers are a leading indicator of value creation.

Developers build apps that deliver value to users. Killer apps attract customers. New customers bring more developers.

Because crypto is significantly open source, we have an unprecedented ability to measure this developer-value creation flywheel in an emerging industry.

Executive Summary

1. While developers overall are down 24%, the most valuable segment of developers (2+ year tenure who contribute the most code) continues to steadily grow.some text
   • Developers who have been in crypto for 2+ years are at an all-time high after growing at 52% annualized for the past 5 years.
   • Developers who have been in crypto for more than 1 year grew 16% YoY and are 63% of all monthly active developers.
   • In contrast, Newcomers who have been in crypto for less than 12 months dropped -52% YoY.
   • Overall developer number losses can be attributed to a record number of new developers who joined in 2022 and churned.
2. Crypto is now clearly Multi-chain.
   • 30% of developers support more than one chain, up 10x from 3% in 2015.
   • Developers who support 3+ chains grew to 17% of all developers in 2023, an all-time high.
   • Growth in developers is not correlated across projects. Some projects gained developers while others lost them. Developers are voting with their feet on which projects they believe provide real utility.
3. Crypto is global. The US continues to lose developer share.
   • 72% of developers are outside of North America.
   • The US has lost -14% developer share since 2018 and is now only 26% of crypto developers.
   • South Asia, Latin America, Eastern Europe, Western Africa, and Southern Europe collectively grew developer share by +20% since 2018.

Tracking the Crypto Developer Community is an Open-Source Effort

Finding, tracking, and mapping these crypto repositories is a community effort. Thank you to the 500+ contributors who added repositories to the Crypto Ecosystems Github since 2019. If you are working in open-source crypto, please help the community by adding your repo to the mapping.h