Developers take the blockchain to the “core” – We know it. The heart of a blockchain beats to the rhythm ofactivity of its developers. They are the ones who build a little more every day the dApps network supposed to support the technological world of tomorrow. Without developers, the blockchain dies. And the liveliest of them are Ethereum of course, but also Cardano. Let’s dive deep into an abyss filled with lines of code.
Developers, the heart of the blockchain reactor
Happy new year and health! These words have resonated in recent weeks in the office, with family and friends. But also on our favorite blockchains as we stop for a few moments to take stock of this eventful year 2022. And good health for a blockchain is a swarm of developers who are busy building on it night and day. New functionalities, more security, network effect, innovations, all the ingredients necessary for the adoption recipe.
And the best chief cooks in this area in 2022 seem to be Ethereum and Cardano. In any case, according to the data concatenated by DappRadar and Token Terminal. Platforms that aggregate financial data on blockchains and decentralized applications (dApps) populating the DeFi (Decentralized Finance).
In effect, 223 developers would be busy daily on the ethereum network while they would be 151 on Cardano. Closely followed by the Polkadot and Kusama modular blockchains.
However, the blockchains that have seen the greatest growth in the number of their developers would not be the ones we first think. Indeed, these are the networks Solana and Internet Computer (ICP) who are the big winners of 2022 in this game. Indeed, these two blockchains have experienced an increase of 1320% for Solana and 1050% for ICP.
And this, despite the disappointment of last November with the FTX cataclysm – Alameda Research in Solana’s case. A deep trauma which nevertheless caused part of Solana’s activity to flee to other alternative blockchains. The famous NFT DeGods collection, having announced that it will soon migrate to Ethereum and Polygon, is one of the typical examples. These events are still responsible for the nearly 30% of developers leaked of the Solana network, going from 96 to 69 active every day.
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Layers 2 of Ethereum, future trend 2023?
Moreover, the blockchain with the smallest decline in its number of developers, despite this year of bear market, remains Ethereum. A decline of only 9%. And this seems quite logical for the leader of the sector. The one who surprises his world, it is therefore the Cardano Blockchain which ranks second with an increase of 26.5% in 2022 compared to the year 2021. The Polkadot and Kusama blockchains have grown by 16% and 12.8% respectively.
Interesting figure also: the number of users having migrated to layers 2 of Ethereum these last months. Optimism, Arbitrum, Starknet, skSync… roll ups were highly popular in the last quarter of 2022 (Q4) welcoming 443,000 newcomersan increase of 155% compared to the quarter before (Q3).
Although transaction fees on Ethereum are now much more affordable than in the middle of a bull market, the speed and insignificant fees of roll ups are attractive. A tendency who could be confirmed in 2023propelled by strengthening these solutions and the upcoming Ethereum network update scheduled for March, and named Shanghai.
The blockchain world under construction is teeming with activity scattered across a multitude of intersecting networks. From Ethereum, a great leader, to the latest arrivals like Solana or Near. Via Polygon, Avalanche, Cardano, Polkadot, MultiversX or even Cosmos. There is something for every taste. Of the initiatives which for many have exploded in 2021 and 2022 and which could in the future decide to connect with each other to form a gigantic spider’s web on which to build the economy of tomorrow. That of web3 and of a multi-blockchain future.
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