Solana Ecosystem Boasts Over 2,500 Monthly Active Developers, Reports Solana Foundation
The Solana (SOL) ecosystem now boasts more than 2,500 monthly active developers, according to the Solana Foundation.
In a comprehensive report released on January 9, the foundation highlighted that the network has maintained a consistent range of 2,500 to 3,000 monthly active developers throughout the past year, a testament to the ecosystem’s ability to attract and retain talent.
However, it’s worth noting that this measurement only considers developers who contribute to public repositories.
In contrast, data from Electric Capital’s blockchain development tracker, Developer Report, indicates a different picture.
According to their data, as of October 1, 2023, Solana’s developer count stood at 946, a significant decline from its all-time high of 2,634 recorded on December 22, 2022.
It’s important to acknowledge that the Electric Capital report relies on data from GitHub and covers statistics up until October 1.
The report’s spokesperson assured that the fourth-quarter data would be updated in the following week.’
In comparison, Ethereum, one of Solana’s main competitors, had a total monthly active developer count of 5,769 on October 1, 2023, reflecting a 22% decrease from its peak count of 7,433 on June 16, 2022, according to Electric Capital data.
The growth in Solana’s developer ecosystem aligns with the ongoing surge in activity on Solana’s network and the upward price movement of its native token, SOL.
The ecosystem experienced a remarkable 500% price rally from October to December, largely driven by the popularity of SOL-based memecoins.
This surge propelled Solana to briefly surpass Binance’s BNB token and secure the position of the fourth-largest cryptocurrency by market capitalization on December
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