The Ethereum network incurred more developers than competitive networks, but they are catching up with a rapid rate of growth.
Ethereum competitors, such as Polkadot, Solana, and Binance SmartChain (BSC), are growing faster in terms of development activity according to tocrypto research firm Electric Capital, which released its findings on the blockchain development ecosystem in a report this Thursday.
It revealed that as many as 4,000 monthly active open-source developers work on Ethereum — considerably more than the 680 who work on the bitcoin network. Across all chains, the total monthly active developers measured was more than 18,400, and the record was broken for the number of code commits by new developers in 2021 with more than 34,000.
The counts were drawn by surveying around 500,000 code repositories and 160 million code commits, which are changes or updates to the code. The report noted that Ethereum, Polkadot, Cosmos, Solana, and Bitcoin are the five largest developer networks in all.
While Ethereum is still on top — increasingly more than 20% of newWeb3 developers joined its ecosystem — rival networks have seen greater growth.
