The Future is Multichain: Dev Trends Shaping Crypto's Future
Published: 2025-01-09
Status:
Available
|
Analyzed
Published: 2025-01-09
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Developer activity in 2024 is a strong indicator of which cryptos are likely to see significant gains in 2025.
"if you want to know which cryptos are likely to see big gains in 2025 you should ask where crypto devs are building right now and you're in luck because today we're taking a look at a new new report revealing who's been building the most in 2024"
Pending
Developer activity is expected to increase significantly following the market rally that began around November 1, 2024, and continued through early December with Bitcoin surpassing $100,000.
"the 1 of November 2024 is an interesting cutof point for the data in this year's EC report because this was almost exactly when the party restarted in the crypto market during November the total crypto market cap increased by 44% breaking its previous all-time high by early December BTC had smashed $100,000 making headlines all over the world we suspect that these Market Milestones will be reflected through an uptick in crypto developer activity post November 2024"
Pending
Asia has become the leading continent for crypto developer activity, with one in three developers being from the region, while North America has fallen to third place.
"one in three crypto devs is from Asia making it the number one continent in the world for developer activity North America meanwhile has slipped from first to Third Place"
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India is projected to surpass the US in terms of crypto developer numbers within the next few years, given the current trend of India's growth and the US's decline in developer share.
"9 years on India is second only to the US and is home to 12% of the world's devs compared to the US's 19% the figure in the US is down from 38% in 2015 if this trend persists then India is going to flip the US at some point in the next few years"
Pending
While Ethereum and Solana are the top two ecosystems globally for developers, India shows a unique trend with more Solana developers than Ethereum developers, potentially due to cost factors.
"ethereum is number one followed by salana at the country level we start to see a little more Divergence though India is a notable exception where there are more salana devs than ethereum devs"
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Base has rapidly become the third most popular ecosystem for active developers in both the US and India, despite being less than two years old.
"it's already the third most popular ecosystem for active developers in the US and India"
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Solana achieved a significant milestone in July by onboarding more developers than Ethereum, a feat not seen since 2016.
"in July salana became the first ecosystem to onboard more devs than ethereum since 2016"
Pending
Internet Computer ranked third in terms of new developer acquisition in 2024.
"the chain with the third largest cohort of new developers in 2024 was internet computer"
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The trend of developers building on multiple blockchains is increasing, with over a third of monthly active developers working on more than one chain in 2024.
"the number of devs building for multiple chains is on the rise... in 2024 this had risen to more than a third"
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The Ethereum Virtual Machine (EVM) tech stack is significantly dominant, used by nearly 9,000 monthly active developers, which is 3.6 times larger than Solana's SVM tech stack.
"the evm techstack which is used by almost 9,000 monthly active developers this is 3.6x bigger than sana's svm Tech stack"
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A fragmented landscape of blockchain tech stacks, outside of major ones like EVM and SVM, is maintaining a substantial number of monthly active developers, indicating this trend is likely to persist.
"the other grouping has maintained around 9 to 10,000 monthly active devs since early 2022 while ethereum's lead has waned this suggests to us that the trend towards fragmentation is not going away any time soon"
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Base has emerged as the leading platform for EVM code innovation, with a quarter of all new code logic on major EVM chains appearing on Base first.
"the most popular chain among multi-chain evm deployers is now base... A quarter of all new code logic among major evm chains appeared first on Bas making it the number one site of evm code Innovation"
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The 'Coinbase effect', driven by Base's integration with Coinbase infrastructure, access to mainstream users, and liquidity, is the primary reason for its dominance.
"it is indeed the coinbase effect that we have to thank for basis dominance bases integration with existing coinbase infrastructure and the access to massive resources mainstream users and liquidity that this all entails make for a winning formula"
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There is high confidence that Ethereum (ETH) and Solana (SOL) will trade at higher prices in the coming years.
"we're quite confident that eth and soul will trade higher a few years from now"
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Well-established altcoins on the Base or Solana ecosystems are predicted to be good investments for those willing to take on more risk, provided they choose wisely.
"if you want to go further out along the risk curve wellestablished altcoins on base or salana are likely to make for good beaters if you Choose Wisely"
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India is predicted to surpass the US in terms of crypto developers within the next few years if current trends continue.
"if this trend persists then India is going to flip the us at some point in the next few years"
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Confidence is expressed that Ethereum (ETH) and Solana (SOL) will trade at higher prices in a few years.
"we're quite confident that eth and soul will trade higher a few years from now"
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Base is identified as the leading platform for new EVM code innovation, with a quarter of all new code logic appearing there first.
"a quarter of all new code logic among major evm chains appeared first on Bas making it the number one site of evm code Innovation"
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The surge in crypto market activity around November 2024 is expected to lead to an increase in crypto developer activity afterwards.
"we suspect that these Market Milestones will be reflected through an uptick in crypto developer activity post November 2024"
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The blockchain developer landscape is highly fragmented, with developers spread across numerous smaller technology stacks.
"this again tells us that there is an enormous fragmentation of blockchain developers dispersed across many minor Tech Stacks"
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The Ethereum Virtual Machine (EVM) tech stack is widely adopted, with nearly 9,000 monthly active developers using it.
"the evm techstack which is used by almost 9,000 monthly active developers"
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The future of blockchain development is predicted to be multi-chain, with developers working across various networks.
"the future is multi-chain"
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Solana achieved a significant milestone in July by onboarding more developers than Ethereum, a feat not seen since 2016.
"in July salana became the first ecosystem to onboard more devs than ethereum since 2016"
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India has seen a dramatic increase in its crypto developer presence, rising from 1% in 2015 to 12% and ranking second globally.
"back in 2015 India ranked 10th in the world for crypto developer numbers and had just 1% of the world's devs 9 years on India is second only to the US and is home to 12% of the world's devs"
Pending
Despite being less than two years old, Base has become the third most popular ecosystem for active developers in both the US and India.
"Bas is one of 100 plus ethereum layer 2s and it's not even 2 years old yet but it's already the third most popular ecosystem for active developers in the US and India"
Pending
In 2024, Asia accounted for 41% of newly onboarded crypto developers, while North America represented only 19%.
"in 2024 just 19% of the new developers on boarded to crypto were from North America meanwhile Asia's share reached a new high of 41%"
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The Internet Computer secured the third-highest number of new developers in 2024, with 2,155 joining the platform.
"the chain with the third largest cohort of new developers in 2024 was internet computer with 2,155 new devs"
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There is high confidence that Ethereum and Solana will experience price increases in the coming years.
"we're quite confident that eth and soul will trade higher a few years from now"
Pending
The US share of global crypto developers has decreased significantly, falling from 38% in 2015.
"the figure in the US is down from 38% in 2015"
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An increase in crypto developer activity is anticipated following the market's resurgence starting in November 2024.
"we suspect that these Market Milestones will be reflected through an uptick in crypto developer activity post November 2024"
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By 2024, over one-third of monthly active developers were working on more than one blockchain, indicating a significant multi-chain trend.
"in 2024 this had risen to more than a third"
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The proportion of developers working on multiple EVM chains has quadrupled since 2021.
"the percentage of evm cross chain developers has quadrupled since 2021"
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Base has emerged as the primary hub for EVM code innovation, with a quarter of all new code logic on major EVM chains first appearing on its platform.
"Base which has managed to Leap Frog all of its fellow layer twos a quarter of all new code logic among major evm chains appeared first on Bas making it the number one site of evm code Innovation"
Pending
As long as Ethereum and Solana maintain a significant lead in developer activity, they are expected to continue attracting users, liquidity, and TVL.
"as long as they remain far ahead of other ecosystems for developer activity we can expect their critical mass to attract and retain users liquidity and tvl"
Pending
Crypto development is becoming increasingly diversified, with developers spread more broadly across different geographical locations and within the crypto ecosystem itself.
"developers are more widely disperse than ever both across the globe and the crypto ecosystem"
Pending
In India, Solana has a larger developer community than Ethereum, which is an exception to the general trend.
"India is a notable exception where there are more salana devs than ethereum devs"
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Developers who choose to deploy their projects on the Base chain show a tendency to remain active on the platform.
"developers who Deploy on Bas tend to stay there"
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Asia has become the leading continent for crypto developer activity, with one in three developers hailing from the region.
"one in three crypto devs is from Asia making it the number one continent in the world for developer activity"
Pending
The Internet Computer is positioned in fourth place in terms of developer activity.
"internet computer actually appears to be in fourth place"
Pending
India is projected to overtake the US in crypto developer numbers within the next few years, assuming current growth trends continue.
"if this trend persists then India is going to flip the us at some point in the next few years"
Pending
The EVM tech stack is dominant, with nearly 9,000 monthly active developers utilizing it.
"the evm dominance techstack which is used by almost 9,000 monthly active developers"
Pending
Base's success is attributed to its integration with Coinbase's infrastructure, providing access to significant resources, mainstream users, and liquidity.
"bases integration with existing coinbase infrastructure and the access to massive resources mainstream users and liquidity that this all entails make for a winning formula"
Pending
South America and Africa, while still having a smaller share of global crypto developers (11%), have seen their representation triple since 2015.
"South America and Africa are home to only 11% of the world's crypto developers now while this might sound small in absolute terms their share has almost tripled from the 4% it was back in 2015"
Pending
There is a growing trend of developers working on multiple blockchain networks.
"the number of devs building for multiple chains is on the rise"
Pending
It is highly probable that Ethereum and Solana will see increased trading prices in the upcoming years.
"we're quite confident that eth and soul will trade higher a few years from now"
Pending
The extensive fragmentation of blockchain developers across numerous minor tech stacks is highlighted.
"this again tells us that there is an enormous fragmentation of blockchain developers dispersed across many minor Tech Stacks"
Pending
Solana achieved a significant milestone in July by onboarding more developers than Ethereum, a level not seen since 2016.
"salana became the first ecosystem to onboard more devs than ethereum since 2016"
Pending
Base, despite its youth, has quickly become the third most popular ecosystem for active developers in the US and India among Ethereum Layer 2 solutions.
"Bas is one of 100 plus ethereum layer 2s and it's not even 2 years old yet but it's already the third most popular ecosystem for active developers in the US and India"
Pending
Asia's proportion of newly onboarded crypto developers reached a record high of 41% in 2024.
"Asia's share reached a new high of 41%"
Pending
The trend towards multi-chain development is significant, with over a third of developers working on multiple chains by 2024.
"in 2024 this had risen to more than a third"
Pending
Ethereum and Solana are expected to maintain their leadership due to their substantial developer activity, which will continue to attract users, liquidity, and TVL.
"as long as they remain far ahead of other ecosystems for developer activity we can expect their critical mass to attract and retain users liquidity and tvl"
Pending
India now ranks second globally in terms of crypto developers, comprising 12% of the world's total.
"India is second only to the US and is home to 12% of the world's devs"
Pending
There is a discernible global shift in crypto development towards Asia and emerging economies.
"globally crypto development is Shifting towards Asia and emerging economies"
Pending
The Internet Computer attracted 2,155 new developers in 2024.
"internet computer with 2,155 new devs"
Pending
Base has established itself as the premier location for EVM code innovation.
"making it the number one site of evm code Innovation"
Pending
Although the US still has the most crypto developers globally, its overall share of the global developer population is experiencing a significant and prolonged decline.
"the US is still home to more crypto developers than any other country but its share of the global crypto developer population is in a sharp long-term downtrend"
Pending
The EVM tech stack is used by approximately 9,000 monthly active developers, indicating its widespread adoption.
"the evm dominance techstack which is used by almost 9,000 monthly active developers"
Pending
India has 12% of the world's crypto developers, ranking second only to the US, which has 19%.
"India is second only to the US and is home to 12% of the world's devs compared to the US's 19%"
Pending
There is a clear trend of diversification in crypto development, with developers becoming more spread out globally and across different parts of the crypto ecosystem.
"developers are more widely disperse than ever both across the globe and the crypto ecosystem"
Pending
The vast number of EVM chains create an extensive development ecosystem, enabling developers to build on numerous or even all of them.
"there are hundreds of evm chains that together form an extended development ecosystem populated by devs capable of building on many if not any of them"
Pending
There is a strong belief that Ethereum and Solana will experience price increases in the coming years.
"we're quite confident that eth and soul will trade higher a few years from now"
Pending
Asia has become the leading continent globally in terms of crypto developer activity.
"Asia is the number one continent in the world for developer activity"
Pending
Base is identified as the primary center for EVM code innovation.
"making it the number one site of evm code Innovation"
Pending
The share of global crypto developers in South America and Africa has nearly tripled since 2015, reaching 11%.
"South America and Africa are home to only 11% of the world's crypto developers now while this might sound small in absolute terms their share has almost tripled from the 4% it was back in 2015"
Pending
The Internet Computer is ranked fourth in the developer activity report.
"internet computer actually appears to be in fourth place"
Pending
India has rapidly grown to become the second-largest hub for crypto developers globally, with 12% of the world's developers.
"9 years on India is second only to the US and is home to 12% of the world's devs"
Pending
It is anticipated that the significant market movements observed around November 2024 will lead to a subsequent increase in crypto developer activity.
"we suspect that these Market Milestones will be reflected through an uptick in crypto developer activity post November 2024"
Pending
The EVM tech stack is utilized by nearly 9,000 monthly active developers, underscoring its significant presence.
"the evm dominance techstack which is used by almost 9,000 monthly active developers"
Pending
Base's strong performance is attributed to its integration with Coinbase, providing access to substantial resources, mainstream users, and liquidity.
"bases integration with existing coinbase infrastructure and the access to massive resources mainstream users and liquidity that this all entails make for a winning formula"
Pending
A global trend of crypto development shifting towards Asia and emerging economies is observed.
"globally crypto development is Shifting towards Asia and emerging economies"
Pending
The United States, while still having the largest number of crypto developers, is experiencing a significant long-term decline in its share of the global developer population.
"the US is still home to more crypto developers than any other country but its share of the global crypto developer population is in a sharp long-term downtrend"
Pending
In 2024, North America accounted for 19% of newly onboarded crypto developers, while Asia reached a record high of 41%.
"in 2024 just 19% of the new developers on boarded to crypto were from North America meanwhile Asia's share reached a new high of 41%"
Pending
The Internet Computer ranks fourth in terms of new developer cohorts.
"internet computer actually appears to be in fourth place"
Pending
Solana achieved a significant milestone in July by onboarding more developers than Ethereum, a feat not seen since 2016.
"in July salana became the first ecosystem to onboard more devs than ethereum since 2016"
Pending
Base has rapidly become the third most popular ecosystem for active developers in both the US and India.
"Bas is... already the third most popular ecosystem for active developers in the US and India"
Pending
India is projected to surpass the US in crypto developer numbers within the next few years, assuming current trends continue.
"if this trend persists then India is going to flip the us at some point in the next few years"
Pending
The EVM tech stack is dominant, with approximately 9,000 monthly active developers using it.
"the evm dominance techstack which is used by almost 9,000 monthly active developers"
Pending
The future of blockchain development is predicted to be multi-chain.
"the future is multi-chain"
Pending
There is a strong prediction that Ethereum and Solana will experience price increases in the coming years.
"we're quite confident that eth and soul will trade higher a few years from now"
Pending
Crypto development is globally shifting its focus towards Asia and emerging economies.
"globally crypto development is Shifting towards Asia and emerging economies"
Pending
India now holds 12% of the world's crypto developers, positioning it as the second-largest contributor globally.
"India is second only to the US and is home to 12% of the world's devs"
Pending
Base has become the leading platform for EVM code innovation.
"making it the number one site of evm code Innovation"
Pending
The share of crypto developers in South America and Africa has nearly tripled since 2015, reaching 11% of the global total.
"South America and Africa are home to only 11% of the world's crypto developers now while this might sound small in absolute terms their share has almost tripled from the 4% it was back in 2015"
Pending
The Internet Computer attracted 2,155 new developers in 2024.
"internet computer with 2,155 new devs"
Pending
The EVM tech stack is utilized by approximately 9,000 monthly active developers.
"the evm dominance techstack which is used by almost 9,000 monthly active developers"
Pending
Base's success is significantly boosted by its integration with Coinbase, which provides access to substantial resources, mainstream users, and liquidity.
"bases integration with existing coinbase infrastructure and the access to massive resources mainstream users and liquidity that this all entails make for a winning formula"
Pending
The US, despite having the largest number of crypto developers, is experiencing a sustained decline in its global share of the developer population.
"the US is still home to more crypto developers than any other country but its share of the global crypto developer population is in a sharp long-term downtrend"
Pending
In 2024, Asia accounted for 41% of new crypto developers, while North America represented 19%.
"in 2024 just 19% of the new developers on boarded to crypto were from North America meanwhile Asia's share reached a new high of 41%"
Pending
The Internet Computer is ranked fourth in terms of new developer cohorts.
"internet computer actually appears to be in fourth place"
Pending
Solana achieved a significant milestone in July by onboarding more developers than Ethereum, a feat not seen since 2016.
"in July salana became the first ecosystem to onboard more devs than ethereum since 2016"
Pending
Base has quickly become the third most popular ecosystem for active developers in both the US and India.
"Bas is... already the third most popular ecosystem for active developers in the US and India"
Pending
India is projected to surpass the US in crypto developer numbers within the next few years, assuming current trends continue.
"if this trend persists then India is going to flip the us at some point in the next few years"
Pending
The EVM tech stack is dominant, with approximately 9,000 monthly active developers using it.
"the evm dominance techstack which is used by almost 9,000 monthly active developers"
Pending
The future of blockchain development is predicted to be multi-chain.
"the future is multi-chain"
Pending
There is a strong prediction that Ethereum and Solana will experience price increases in the coming years.
"we're quite confident that eth and soul will trade higher a few years from now"
Pending
Crypto development is globally shifting its focus towards Asia and emerging economies.
"globally crypto development is Shifting towards Asia and emerging economies"
Pending
India now holds 12% of the world's crypto developers, positioning it as the second-largest contributor globally.
"India is second only to the US and is home to 12% of the world's devs"
Pending
Base has become the leading platform for EVM code innovation.
"making it the number one site of evm code Innovation"
Pending
The share of crypto developers in South America and Africa has nearly tripled since 2015, reaching 11% of the global total.
"South America and Africa are home to only 11% of the world's crypto developers now while this might sound small in absolute terms their share has almost tripled from the 4% it was back in 2015"
Pending
The Internet Computer attracted 2,155 new developers in 2024.
"internet computer with 2,155 new devs"
Pending
The EVM tech stack is utilized by approximately 9,000 monthly active developers.
"the evm dominance techstack which is used by almost 9,000 monthly active developers"
Pending
Base's success is significantly boosted by its integration with Coinbase, which provides access to substantial resources, mainstream users, and liquidity.
"bases integration with existing coinbase infrastructure and the access to massive resources mainstream users and liquidity that this all entails make for a winning formula"
Pending