Vanessa
Asia crypto developers have now overtaken North America 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.
Maria Shen, a general partner at Electric 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.”
Related: 7 Reasons Gas Fees Rise and How It Affects Everyday Web3 Users
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 Kingdom 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.
Related: Brazil Jails 14 Crypto Traders for $95M Drug Money Laundering Scheme
