Number of Cryptocurrency Solana Developers, Ecosystem Growth and Activity Report in 2023

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Ecosystem growth in 2023

The Solana Foundation, which supports the high-speed L1 blockchain Solana (SOL), reported on the 9th that developer onboarding and subsequent retention rates in the Solana ecosystem in 2023 have significantly improved.

The three-month developer retention rate has increased from 31% at the beginning of the year to more than 50%, with more developers joining the ecosystem. This number counts developers who have made at least one commit in a three-month period.

One of the main onboarding channels is a boot camp held every six months with approximately 400 to 500 participants. Additionally, regarding hackathons, the company said that over the past three years, more than 3,000 projects have been launched and more than $600 million in funding has been awarded to projects.

In 2023, Solana experienced impressive growth, posting a staggering 940% price increase and setting new records for new addresses and monthly active addresses. This significant growth is having ripple effects throughout the ecosystem, and its impact is also evident in the job market.

The number of jobs posted on the ecosystem’s official job site, jobs.solana.com, has increased significantly from just 15 in January 2023 to 95 as of the publication of this article. In particular, 41 new job openings were added in December.

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Development community expanding to Asia

The Solana Foundation also said it was able to maintain a monthly active developer count of 2,500 to 3,000 people throughout the year, based on data on GitHub. They argued that this may be an underestimate because it only measures developers contributing to public repositories and does not count developers in private repositories.

However, Electric Capital’s data shows that Polkadot and Cosmos have a higher number of monthly active developers, so it is important to carefully understand the breakdown.

Source: Solana Foundation

More than half of the developers participating in the Solana ecosystem have at least three years of experience and are highly committed to applications built on the network.

Since the Solana mainnet beta launched in March 2020, the developer ecosystem has grown rapidly to become the second largest ecosystem in terms of monthly active developers.

In 2023, the developer community expanded to eight countries, highlighting the ecosystem’s global growth. The group includes India’s SuperteamDAO, Taiwan’s Gen3, Singapore’s MetacampDAO, and US’s mtnDAO, some of these areas also appearing high on the hackathon winners list.