Originally published on: October 31, 2024
A recent report has revealed that Asia has taken the lead in cryptocurrency and blockchain development talent, surpassing North America. According to the report, Asia’s share of cryptocurrency developers has surged to 32% in 2024 from just 13% in 2015, making it the top region for developer talent.
In contrast, North America has seen a significant decline in its share of developers, dropping to 24% from 44% in 2015. This shift in the geographic distribution of crypto developers is a key indicator of where future blockchain innovation is likely to come from.
The increase in the number of developers in Asia signals a growing interest and adoption of blockchain technology, paving the way for new consumer applications. With 81% of all blockchain developers now residing outside the United States, it is clear that the landscape of crypto development is rapidly evolving.
While the US still boasts the highest number of developers globally, with 18.8% of all crypto developers based in the country, it has experienced a more than 51% drop in developer share since 2015. California is home to 22.3% of US developers, followed by New York at 13.7%. However, the majority of developers in the US, accounting for 64%, are located outside these two states.
The research, which analyzed millions of crypto-related GitHub commits and developer wallets, highlights the shifting dynamics in the crypto development space. With institutional interest in cryptocurrencies on the rise in Asia, countries like South Korea are witnessing a significant increase in crypto investors and trading volumes.
As the global crypto landscape continues to evolve, Asia is emerging as a key player in driving blockchain innovation and adoption. Stay tuned for more updates on the latest developments in the world of crypto and blockchain technology.
