The crypto industry has seen more than a 26% reduction in weekly active developers over the last three months amid a prolonged market slump, the latest data shows.
According to Blockchain data aggregator Artemis, the four leading smart contract platforms — Ethereum, Polkadot, Solana, and Cosmos experienced even higher drop-off, clocking 30.5%, 43.6%, 48.4%, and 48.9% reductions in developer activity respectively over the last three months.
Interestingly, decentralized data storage protocol Interplanetary File System (IPFS) and blockchain network Internet Computer were among the few top smart contract platforms to have seen growth throughout this period, with increases of 206.6% and 21.7% respectively.
Blockchain developers are primarily responsible for designing blockchain architecture, maintaining and upgrading infrastructure, and building smart contracts that power decentralized applications.
Blockchain developer activity is considered one of the most important metrics for the...
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