Originally published on: October 31, 2024
Asia has emerged as the new hub for cryptocurrency and blockchain development talent, leaving North America behind, according to a recent report. The region’s share of cryptocurrency developers has skyrocketed to 32% in 2024, a significant jump from just 13% in 2015, solidifying its position as the leader in developer talent.
Meanwhile, North America has witnessed a decline in its share of developers, dropping to 24% in 2024 from 44% in 2015. This shift in the geographic distribution of crypto developers indicates where future blockchain innovation is likely to take place. A growing developer base signifies the increasing adoption of blockchain technology and the development of new consumer applications.
Despite the US still having the largest number of crypto developers globally, with 18.8% of all developers based in the country, it has experienced a more than 51% decrease in developer share since 2015. California houses 22.3% of US developers, followed by New York with 13.7%, while the rest reside outside these states.
The researchers behind the report analyzed over 200 million crypto-related GitHub commits from 350,000 repositories and sourced geographical data from 110,000 developer wallets. It is important to note that institutional interest in cryptocurrencies is on the rise in Asia, with countries like South Korea witnessing a significant increase in crypto investors.
With Asia leading the way in crypto development talent, the region is poised to drive future blockchain innovation and shape the landscape of the industry. As the world of digital assets continues to evolve and expand, Asia’s prominence in the crypto space is expected to grow even further.
