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Electric Capital Releases 2021 Developer Report -Breaking

by Mike Robinson

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Electric Capital releases 2021 developer report

Electric Capital released today their 2021 Developer Report. It is an industry standard that helps to comprehend the current landscape in crypto development ecosystems. The 2021 Electric Capital Developer Report was created after we analysed nearly 500K code repositories, 160 million code commits, and compiled them.

In 2021, crypto developer activity reached an all time highIt was a great year for Layer 1s, DeFi and the entire ecosystem of blockchain. Here are some key insights

  • The 2021 peak of 18K active developers per month was an unprecedented high.
  • In 2021, 65% of crypto developers were active
  • Cosmos,, and were among the five largest development ecosystems

    • Ethereum and Bitcoin are growing.In 2021, Ethereum and Bitcoin had 42% and 99% respective growth. Ethereum has the second largest developer community at 2.8x its size, which makes it the most popular platform for tools, protocols and apps. Ethereum is home to 20% of the total number of new crypto-developers, with the highest retention rate of developers who have been there for more than a year.

    Which ecosystems grow the fastest? In 2021, the five largest ecosystems for developers were Ethereum, Polkadot and Cosmos. Solana was followed by Solana and Bitcoin. Solana was the first to break out, with 5x growth. NEAR was 6th with 4x+ growth. Polygon and Binance Smart Chain were the most advanced ecosystems, with more than two times their growth in 2021.

    Solana (Polkadot), NEAR, BSC and Solana are growing quicker than Ethereum at the exact same time in Ethereum’s history.

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