Solana, Polygon, Optimism and other blockchains are also gaining developer interest
global web 3 Developer space to expand in 2023 despite continuing crypto market bear market and regulatory headwinds in the US, according to new report
This was especially a home run for Ethereum, one of the most famous layer 1 blockchains. According to his 2023 Web3 Development Report on Alchemy, the number of blockchain software developer kit (SDK) installations has increased from 81.4 million downloads in 2022 to 106.4 million downloads in 2023. million downloads, an increase of 31% from the previous year.
According to the report, the total number of Ethereum SDK installations has been increasing continuously over the past five years. This number includes SDK packages such as ethers, web3, hardhat, truffle, foundry, eth, alchemy-sdk, viem, userops, and wagmi. 2022 saw an overall increase in developer activity. According to another report by Electric Capital, the number of monthly active crypto developers decreased by 25% last year.
“It’s great to see confirmation of the cliché that bear markets are meant to build,” Jason Windawy, protocol specialist at Alchemy, told TechCrunch+. “In the depths [of the downturn] It was easy to wonder if that was true. We knew that was the case, but it's good to have data to show it. ”