Crypto Developer Activity Surges in Asia as Solana Support Grows: Electric Capital – BitRss

Crypto’s best minds are heading east, and it’s gaining at a pace that other regions are finding hard to catch up to.

Asia was responsible for 32% of global crypto developer activity in 2024, according to a report from venture firm Electric Capital. The firm recently published its comprehensive annual report, analyzing over 900 million code commits across the crypto industry.

The transformation represents a nearly threefold increase from Asia’s 12% share in 2015, while North America’s position declined from 43% to 24% during the same period.

Notably, the report only tracks the geographic location of the code commits and repository data. Information about developers’ nationalities, citizenship, or other demographic indicators do not appear to be parameters in the study.

The study’s …