25 February, 2024

Polygon Dominates 2023 Developer Scene: ElectricCapital Report Reveals Insights

1 month ago

23 Jan, 2024

  • ElectricCapital’s 2023 Developer Report spotlights Polygon’s Proof-of-Stake (PoS) protocol as the top choice for first-time developers.
  • Polygon PoS emerges as a significant cross-pollinator, fostering collaboration with Ethereum and defining the landscape of multichain development.
  • Despite an overall decline in developer numbers, the report brings forth a positive narrative with 22,000 monthly active developers.

In a pivotal move, the development team behind Polygon, Polygon Labs, delved into the dynamic world of blockchain development, unveiling intriguing insights from the 2023 ElectricCapital Developer Report. In a recent X post, the platform disclosed a thorough examination involving more than 485 million code commits across 818,000 open-source repositories. This analysis unveiled a rich tapestry of trends and behaviors that intricately mold the ever-evolving landscape of blockchain development.

A standout revelation from the data is the dominance of Polygon’s Proof-of-Stake (PoS) protocol, which is emerging as the preferred choice for first-time developers. Second only to Ethereum, this preference stands as a testament to the chain’s exceptional speed, cost-effectiveness, and compatibility with the Ethereum Virtual Machine (EVM). The report highlighted Polygon zkEVM, underlining its significance in the developers’ toolkit.

According to the ElectricCapital report 2023, this marked the era of the multichain developer, with 30% of developers actively supporting more than one blockchain. In a fascinating twist, Polygon PoS emerged as one of the most cross-pollinated platforms, fostering a symbiotic relationship with Ethereum in the multichain development landscape.

Source: Image by Polygon Lab

Despite experiencing an overall decline in the total number of developers, the report presents the emergence of 22,000 monthly active developers, indicative of a broader global presence. This transformative shift implies the consolidation of talent and a more widely distributed approach to the multifaceted realm of blockchain development.

Source: Image by Polygon Labs

The ElectricCapital-fueled surge in activity across all Ethereum ecosystem blockchains, coupled with the robust engagement on Polygon PoS and Polygon zkEVM, signals a vibrant year for developers. The report extends a heartfelt acknowledgment to Electric Capital and the diverse community contributors whose dedication ensured the accuracy and clarity of the data.

Source: Image by Polygon Labs

As the crypto community eagerly anticipates 2024, the stage is set for even more fervent developer activity, promising innovation and growth within the ever-evolving blockchain landscape. A resounding acknowledgment is directed towards Electric Capital and the numerous community contributors whose dedication ensured the accuracy and clarity of the data.