Weekly blockchain developer activity has seen a 26% drop over the past three months. Some smart contract platforms show more than a two-fold decline in development intensity.
According to the blockchain aggregator Artemis, the last three months have seen a more than 26% decline in weekly active developers in the blockchain sector.
For example, Ethereum smart contract developers working on the upcoming merge have reduced weekly activity by 30.6% over the last quarter, although they remain the sector’s leading developers.
Cardano developers, who have to work on fixing bugs ahead of the Vasil hard fork, saw their activity drop by 30%. Although Cardano network development was the most intensive in June this year.
Polkadot developer activity declined by 45%, Solana developer activity went down by 52.4%, and development activity on the BNB Chain blockchain dropped by 62.7%. A total of about 3,000 blockchain protocols have demonstrated near zero activity in the past three months.
Yet some in the sector continue ramping up their development efforts amid the market downturn. For example, developers of the decentralized storage protocol Interplanetary File System (IPFS) have seen a 206.6% surge in activity over the past three months.
Blockchain developer activity is one of the most crucial indicators measuring the success of a smart contract platform. According toTascha Che, crypto researcher and founder of Tascha Labs, the decline isn’t critical to the industry but rather an indication encouraging developers to “get real work done.”
