According to Electric Capital’s research, the number of software developers entering the cryptocurrency industry is decreasing.
The number of software developers in the cryptocurrency industry is three years ago compared to the bear market period 66% more. However, the number of these developers contributing to open source projects is 4% compared to 2021; 27% less than in 2022.
According to the report, one of the biggest reasons for the shortage in the number of software developers is new software developer There may be a deficiency. In the cryptocurrency industry Worked for less than 1 year Software developers are defined as new software developers.
According to this new software developers number, between October 2022 and October 2023 a 58% decrease showed. On the other hand, there is a decrease in the number of software developers who have worked in the cryptocurrency industry for more than 1 year. There was an increase.
The crypto industry will receive approximately monthly revenue in November 2021. 5,200 new software developers when entering; In September 2023, this number reached 1,721.
According to the report new software developersnumber of, especially bull market increases in periods. While these raided more experienced software developers between January 2018 and November 2021, when the bear market period entered, showed a decrease.
