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Solana claims a monthly active developer base exceeding 2,500

Over the past three months, the Solana Foundation has reported an impressive 50% increase in developer retention on its network. Recent data highlights that the Solana ecosystem boasts more than 2,500 monthly active developers, a crucial metric indicating a thriving ecosystem with the ability to attract and retain talent. The figures were detailed in a
Over the past three months, the Solana Foundation has reported an impressive 50% increase in developer retention on its network. Recent data highlights that the Solana ecosystem boasts more than 2,500 monthly active developers, a crucial metric indicating a thriving ecosystem with the ability to attract and retain talent. The figures were detailed in a January 9 report, analyzing key network metrics throughout 2023.

According to Solana, the network has consistently maintained between 2,500 and 3,000 monthly active developers over the past year, focusing on developers contributing to public repositories. However, Electric Capital’s blockchain development tracker, Developer Report, provided different insights, indicating that as of October 1, 2023, Solana’s developer count was 946, dropping from its all-time high of 2,634 on December 22, 2022. It’s worth noting that the data from Electric Capital only covered activity up to October 1, with updates for the fourth quarter expected soon.

2/ Solana has sustained a monthly active developer count between 2500-3000 through 2023, showcasing the ecosystem’s ability to attract & retain talent.

It’s important to note that only open source developers can be measured, resulting in an underestimation of total developers. pic.twitter.com/SV8N4iJLo4

— Solana (@solana) January 8, 2024

In contrast, Ethereum’s total monthly active developer count on October 1, 2023, was 5,769, reflecting a 22% decrease from its peak count on June 16, 2022. These statistics, also from Electric Capital, indicate a shift in developer activity between Solana and Ethereum.

During this period, Solana experienced a remarkable 500% price rally between October and December, driven by increased activity on the network and rising prices for its native token, SOL. This surge propelled Solana to briefly surpass Binance’s BNB token as the fourth-largest cryptocurrency by market capitalization on December 22. Subsequently, SOL achieved yearly highs of $122 on December 26.

The network also observed a substantial increase in activity, momentarily surpassing Ethereum in 24-hour decentralized exchange volumes in the same month. The surge in developer retention coincided with a booming period for Solana’s network, underscoring its growing prominence in the blockchain space.

Wasif Shakir

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