Solana currently showcases an impressive count of over 2,500 developers actively engaging on a month
9th Jan, 2024
Over the past three months, the Solana Foundation has achieved a notable 50% increase in developer retention within its network. Recent data from the foundation reveals that the Solana ecosystem now boasts over 2,500 monthly active developers. In a January 9 report assessing key network metrics for 2023, Solana highlighted its ability to maintain a consistent number of developers, ranging between 2,500 and 3,000 over the past year. This, the report argues, is a crucial indicator of a healthy ecosystem's capacity to attract and retain talent, although it specifically accounts for developers contributing to public repositories.
Contrary to this, Electric Capital's Developer Report, utilizing data from GitHub, reported Solana's developer count at 946 as of October 1, 2023. This marked a decline from its peak of 2,634 on December 22, 2022. However, Electric Capital clarified that the data for the fourth quarter would be updated soon.
In comparison, Ethereum's total monthly active developer count stood at 5,769 on October 1, 2023, reflecting a 22% decrease from its peak count on June 16, 2022. Notably, Solana's developer retention has surged by 50% in the last three months, aligning with increased activity on the Solana network and a rising trend in the native Solana (SOL) token's price.
Solana experienced a remarkable 500% price rally between October and December, driven by enthusiasm for SOL-based memecoins. This surge briefly propelled Solana to become the fourth-largest cryptocurrency by market capitalization on December 22, reaching yearly highs of $122 just days later on December 26. The network also saw a significant increase in activity, momentarily surpassing Ethereum in 24-hour decentralized exchange volumes during the same month.
According to Cointelegraph, they reached out to Solana but didn't get an immediate reply