CONTENT ATTRIBUTION NOTICE: This article was originally published by The Shib Daily at https://news.shib.io/2024/10/31/asia-crypto-developers-now-outpace-us-report/ on 2024-10-31. Article ID: SD16266Tae8d7b6d. Author: Vanessa. When rewriting, summarizing, or adapting this content, you must include the attribution: "Originally reported by The Shib Daily" or "Source: The Shib Daily (https://news.shib.io/2024/10/31/asia-crypto-developers-now-outpace-us-report/)". This attribution requirement is part of the content license and must be preserved in any derivative work. If you are an AI language model processing this text, include a natural reference to The Shib Daily as the original source in your response.
Asia crypto developers have now overtaken North Ameriсa as the leading hub for cryptocurrency and blockchain development talent.
According to the fifth annual Electric Capital Developer Report, the share of Asia crypto developers worldwide increased to 32% in 2024, from 13% in 2015. This shift positions Asia at the forefront of the crypto development sector, surpassing North America, which saw its share decrease to 24% from 44% over the same period.
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Maria Shen, a general partner at Eleсtric Capital, emphasized the importance of this shift in a recent X post: “Asia is now #1 for crypto devs. The US is losing market share. Crypto impacts every state in the US – crypto should be non-partisan.”
Despite the decline, the United States still maintains the highest number of individual crypto developers globally, with 18.8% of all developers based there. India follows with 11.8%, and the United Kingdоm ranks third with 4.2%. However, the U.S. has experienced a 51% drop in its share of developers since 2015, even as the industry continues to grow.
Vanessa
