DEVELOPER REPORT 2023 MID-YEAR UPDATE

Summary from the TLDR Crypto newsletter

According to Electric Capital’s Developer Report, the number of active open source crypto developers has declined by 22% over the past year, largely due to newcomers leaving the industry. However, the number of developers working in crypto for over a year has remained steady and has accounted for most of the space’s activity, contributing more than 80% of code commits. Despite the overall drop, the number of active developers is higher than the pre-peak period in 2021. Ecosystems such as Osmosis, Sui, Aptos, TON, Optimism, and Aztec Protocol have reported year-over-year growth.