Blockchain development activity, developer numbers see sharp decline

Blockchain ecosystem development activity has contracted sharply since early last year, accompanied by a steep drop in the number of developers, CoinDesk reported, citing data from Artemis. According to the data, the number of commits, which track code changes in crypto-related projects, fell from 850,000 to 210,000, while the number of active developers decreased to approximately 4,600. The report suggests that talent and resources leaving crypto projects are being absorbed by the AI sector. The ecosystems that saw the largest decreases in developers were Ethereum (ETH), down 34% to 2,811; Solana (SOL), down 40% to 942; and Base, down 52% to 378. However, the outlet noted that this may indicate a consolidation rather than a collapse of the ecosystem, as developers with more than two years of experience account for 70% of all activity.