Ethereum Dominates As L1 Networks Prevail Over L2 Active Developers
The layer-1 blockchains dominate the list of top 25 projects regarding active developers, per new research by an on-chain analytical platform. The research defined active developers as the number of unique GitHub users who have made at least one submission to the project’s public repositories in the last 30 days.
Number Of Active Developers On Ethereum Drop By 5%
Ethereum has maintained its top position with 186 daily active developers within the past 30 days. In the second place, Kusama and Polkadot have 171 daily active developers each.
Interestingly, Ethereum has experienced a 5% decline in its active developer count over the past month despite its leading position. On the other hand, the number of developers working within the Polkadot ecosystem has surged by 5.6% during the same period.
The Sui and Aptos (APT) blockchains have experienced a significant surge in developer activity, as evidenced by strong developer momentum on this blockchain. The study further revealed that both platforms witnessed a 20% rise in active daily developers in the last month.
These two blockchains have received substantial backing from venture capital firms, which has likely enabled them to hire more developers than other projects.
“A number of alternative layer-1 (alt L1) blockchain projects have secured significant amounts of venture capital funding to expand their teams. Two such examples are SUI and Aptos, which have raised $300 million and $150 million, respectively, in their most recent funding rounds,” the report stated.
While layer-1 blockchains remain the primary focus for many developers, the layer-2 ecosystem has also been expanding steadily. Another report highlights that Polygon has emerged as the leader in the L2 space, boasting 46 active developers daily in the last 30 days.
Chainlink Leads The dApp Space With 77 Active Developers
Furthermore, Optimism and Arbitrum are also significant players in this arena, with 40 and 29 active daily developers, respectively, during the same time frame. “L2 solutions have been gaining traction for a while now, thanks to the launch of new projects and the distribution of airdrops,” the study noted.
Regarding active developers, Chainlink (LINK) currently leads the decentralized application (dApp) category with 77 developers in the last month. Furthermore, the platform has achieved a 7% increase in this metric over the past month and an impressive 20% rise in the last three months.
Also, Osmosis emerged as the second dApp with the most developers. Meanwhile, the study suggests that the number of active developers on Lido has increased over the past year, likely due to the team’s efforts to develop Lido V2.
Investors consider active developers to be a critical metric to analyze. The research findings emphasize the significance of this metric.
It states that it is a metric that helps to determine the number of developers working on a protocol, especially if it generates $50 million in revenue. This information can be valuable for investors in assessing a project’s overall health and potential for growth.
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