Asia has emerged as the global leader in cryptocurrency and blockchain development, surpassing North America, according to a recent report.
In 2024, Asia’s share of crypto developers rose to 32%, a significant increase from just 13% in 2015, making it the top region for developer talent in the blockchain sector. During the same period, North America’s share of developers fell sharply to 24%, down from 44% in 2015.
Maria Shen, a general partner at Electric Capital, highlighted this shift in an Oct. 30 post, stating, “Asia is now #1 for crypto devs. The U.S. is losing market share. Crypto impacts every state in the U.S. – it should be non-partisan.”
A larger developer presence often signals regions likely to lead future blockchain innovation. More developers in a region tend to indicate a stronger push for blockchain adoption, bringing more blockchain applications to consumers.
Summary Review: Asia now leads the world in cryptocurrency development, surpassing North America, which has seen a decline in developer share from 44% in 2015 to 24% in 2024. This shift signals Asia’s growing role in driving blockchain innovation, with experts noting that a larger developer base often indicates stronger potential for adoption of blockchain applications.
Disclaimer: Nothing in this article, nor under the responsibility of Web30 News, should be interpreted as financial advice. The information provided is for educational and entertainment purposes only. Cryptocurrency investing carries risks, and prospective investors should be aware that capital is at risk, and returns are not guaranteed. Always conduct thorough research and consult a financial advisor before making any investment decisions.
