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Number of monthly active crypto devs fell 25% in 2023
Developers with more than two years of experience in crypto are at an all-time high.
“Very quantitatively [long-term developers] matter because about 75% of code commits are written by developers who have been in crypto for over a year,” Maria Shen, general partner at Electric Capital, told TechCrunch+. The number of developers working in crypto has matched what Shen has experienced since entering the space in 2018. Meanwhile, so-called “newcomers” — developers who were in the crypto ecosystem for less than 12 months — dropped 53% year-over-year in 2023.
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