The Block: The activity of developers in the cryptocurrency sphere has significantly decreased – Bits Media

As reports The Block, In recent months, a significant decrease in the activity of developers has been recorded as in the Ethereum network, and in other blockchains. The exception was only the decision of Arbitrum.

Analysts emphasize, that the most significant decline in activity developers are noticeable in the networks, not compatible with the virtual machine of the Ethereum (EVM). The Ethereum itself also notes a decrease in the number of deployed smart contracts and new users. but, The second cryptocurrency still attracts most of the developers.

The activity of developers is one of the important factors of the "health" of the cryptocurrency ecosystem. There is a snow coma effect here - the more developers, the more projects and applications, as well as users and transactions.

As emphasized by Analysts The Block Kevin Pan (Kevin Peng), Reducing indicators is not surprising - developers follow money and when the capitalization of the ecosystem is reduced, Activity falls.

At the same time, in the solution of the scaling of the ARBITRUM Ethereum, the IV quarter of this year recorded a noticeable increase in the activity of the developers. maybe, This is due to the ongoing distribution of project tokens, as well as interest from various Defi projects, Ethereum previously accommodated on other sides.

Recently co-founder of IT startup PalanTir Joe Lonsdale (Joe Lonsdale) He said, that the current cryptosim will be the last for many cryptocurrency companies and projects.