30s Summary

Asia has become the leading region for cryptocurrency and blockchain developers, with its share increasing from 13% in 2015 to 32% in 2024, while North America’s share fell from 44% to 24% during the same period. Despite this shift, the U.S. remains the country with the largest number of crypto developers, albeit with 81% of blockchain developers now based outside of it. As more Asian establishments show interest in cryptocurrencies and blockchain technology, top crypto exchanges in South Korea have seen a 106% increase in profits.

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Asia has zoomed ahead of North America when it comes to being the hotspot for top-notch talent in the world of crypto and blockchain, as a recent survey showed us.

Between 2015 to 2024, the percentage of crypto developers based in Asia grew from 13% to 32%, making Asia the top dog in this field.

Meanwhile, North America has seen its share of crypto developers shrink almost by half, down from 44% in 2015 to just 24% in 2024. Maria Shen, a bigwig over at Electric Capital, sent out a tweet saying that Asia is now leading when it comes to crypto devs, and the U.S. should stop playing politics with crypto, as it affects all of them.

Typically, where you find most crypto developers can give you a hint about where the next big thing in blockchain might come from. The more developers a region has, the more it suggests that we might see more apps and services based on blockchain technology becoming mainstream there.

It’s worth noting that the U.S. still has the highest number of crypto developers globally overall, despite 81% of all blockchain developers being based outside the States. Roughly 18.8% of all crypto developers are in the U.S., with India hot on their heels with 11.8%, and the U.K. sitting pretty in the third place with 4.2%.

However, since 2015, the U.S. has seen its share of developers fall by over half, even though the industry is still growing.

Within the U.S., 22.3% of developers live in California, with 13.7% in New York. The majority, at 64%, are spread out across the rest of the country.

The survey data was collected from millions of crypto-related actions on GitHub and the stated locations of over 110,000 developer wallets.

Meanwhile, more establishments in Asia are becoming interested in cryptocurrencies. In South Korea, the number of people investing in crypto climbed over 21% by the second half of 2024. This surge pushed the combined profits of the country’s top 21 crypto exchange centers well over $4.2 billion, marking a 106% increase from the previous year.

Source: Cointelegraph