Asia takes top spot for crypto developers, US declines
2024-10-31

Asia has overtaken North America as the leader in cryptocurrency and blockchain development talent, a recent report showed.
Asia’s share of cryptocurrency developers grew to 32% in 2024, up from just 13% in 2015, making it the top region for developer talent in the field.
Over the same period, North America’s share of developers was effectively cut in half, dropping to 24% from 44% in 2015, according to Electric Capital general partner Maria Shen, who wrote in an Oct. 30 X post:

The geographic distribution of crypto developers often signals the regions poised to drive future blockchain innovation. A growing developer base in any region is a positive indicator of mass adoption of blockchain technology, as it suggests an increase in blockchain-based consumer applications.
The US still leads in total crypto developers
Despite 81% of all blockchain developers now residing outside the United States, it still holds the highest number of developers globally.
Approximately 18.8% of all crypto developers are based in the US, followed by India at 11.8%, with the United Kingdom taking the third spot at 4.2%.
However, the US saw an over 51% drop in developer share since 2015 despite the industry’s continued growth.
Within the US, 22.3% of developers live in California, while 13.7% reside in New York. The lion’s share, or 64% of US developers, live outside of these two states.
The researchers analyzed over 200 million crypto-related GitHub commits across 350,000 repositories. Geographical data was sourced from over 110,000 developer wallets with self-reported locations.
Institutional interest in cryptocurrencies has been on the rise in Asia. Over in South Korea, the number of crypto investors rose over 21% by the second half of 2024, pushing the cumulative operation profits of the top 21 local centralized exchanges (CEXs) to above $4.2 billion, marking a year-on-year increase of 106%.
What Are the Best Countries for Crypto Investors? Source: YouTube