A recent report by Electric Capital, which analyzed nearly 500 thousand code repositories and 160 million code commits across Web3, uncovered the top blockchain ecosystems based on one of the key “indicators of value creation”–developer engagement. To create its 2021 Developer Report, the early-stage venture firm focused on open-source repositories only, inferred non-original commits and credited only original authors and ecosystems that produce code–not counting no-libraries and eliminating machine-generated code.
65% of active developers in Web3 joined in 2021 Web3 development is at an all-time high, as 65% of active developers hopped on board during the past year alone.
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