Asia has the largest number of Web3 talents in the world! The number of developers in the United States is decreasing, so which country is the talent gathering place

What happened?

The latest report shows that Asia has surpassed North America in the proportion of talent in the Cryptocurrency and Block development field, becoming the main region for global developer talent.

According to data from Maria Shen, a partner at the blockchain venture capital firm Electric Capital, the proportion of encryption developers in Asia will increase from 13% in 2015 to 32% in 2024, becoming the region with the most developer talents, while North America will drop sharply from 44% in 2015 to 24%.

Although the growth rate of developers in the Web3 industry is slow, experts believe that with the advancement of time and opportunities, the global talent pool will continue to increase.

Asia's encryption developers account for a soaring 32%, while the United States has dropped to 24%.

Electric Capital released the Developer Report for 2024, analyzing over 20 billion GitHub data and data from 110,000 active developers' Wallets worldwide. The data shows that Asia has surpassed North America to become the leader in Crypto Assets and Blockchain development talents.

Maria Shen recently posted on social platform X, pointing out that Asia is now leading the way in encryption development talent, while developers in the United States are rapidly losing.

Image source: Digital Era

Image source: Digital Era

The percentage of developers in North America decreased from 44% in 2015 to 24% in 2024, a decrease of over 50% compared to 2015. This shift not only impacts the technological development in the United States, but also provides an opportunity for Asia to seize the innovation advantage.

In particular, in recent years, the number of developers in Asia has increased, which shows the growth potential in the field of Block chain innovation. The increase of developers is crucial for promoting the popularization of Block chain technology.

Shen further analyzed that the main reason for the loss of American encryption developers is the strict regulatory policy of the United States on encryption technology, which also reflects the weakening competitiveness of related industries in the United States.

However, although the proportion of developers in the United States has been declining year by year, the United States (18.8%) still has the most developers in the world. According to the report, about 18.8% of encryption developers worldwide are located in the United States, followed by 11.8% in India and 4.2% in the United Kingdom.

Image source: Digital Era

Image source: Digital Era

The number of Web3 developers is declining, experts are optimistic about the long-term rise potential

Due to the high entry barriers and steep learning curve of the Web3 industry, the growth rate of new developers in Web3 is relatively slow compared to other industries.

Electric Capital reports that the total number of Web3 developers decreased by 24% in 2023, with a 53% decrease in Newbie developers who have been around for less than 12 months.

However, Noëlle Becker Moreno, the Marketing Director of blockchain company Edge & Node, said that with the increasing maturity of industry tools and frameworks, the number of Web3 developers is expected to rebound.

Noel believes that by providing more community collaboration and educational resources, new developers can overcome technical complexity and continue to progress in this rapidly rising ecosystem.

In addition, Ethereum remains the current market maker in the encryption development field, attracting more than 16,000 new developers to the community this year. Other platforms such as Polygon are also becoming increasingly popular, demonstrating greater potential for emerging platforms to attract new talent and expand their ecosystems.

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This article is authorized to be reprinted from: "Web3+"