A recent report by Electric Capital found that Solana became the ecosystem that attracted the most new developers in 2024, overtaking Ethereum. The report calculated that 7,525 developers joined the Solana ecosystem this year, while Ethereum registered 6,456 during the same period. Solana grew its developer base by 83% year-over-year, while Ethereum lost 22%. The same report states that Solana has become the weapon of choice for use cases requiring low fees, registering 81% of all decentralized exchange ( DEX) transactions and 64% of all NFT mint transactions across all blockchains during 2024. According to Solana, this outcome “is a reflection of the work the Solana community has led this year — new tools, primitives, founders, and apps spurring an explosion of developer activity.
Solana Overtakes Ethereum as the Chain With Most New Developers in 2024
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