The number of new developers joining to build on different blockchains has decreased significantly, and more developers are flocking to and building their projects, dApps, and other products on Polygon and Solana than on Ethereum, according to the statistical data for new developers per month published on Twitter by Ignas on Thursday.
According to the “New Developers per Chain per Month” statistic published by Ignas in a Twitter thread on Oct. 6, the number of new developers joining various networks to develop projects and other products has significantly reduced compared to the previous months.
The decline may be due to the ongoing negative trends in the crypto markets, as many crypto projects and assets have lost value over the past few months. One of the most notable is Bitcoin, which is now trading at just over $19,000.
However, most of the new developers building decentralized products and projects on blockchains seem to be shifting from Ethereum, the largest cryptocurrency ecosystem after Bitcoin, to other networks.
More developers are moving into the Solana Network, followed by Polygon. This is not unexpected given the significant high transaction fees on Ethereum and the fact that it ‘s prone to congestion.
Despite the Merge where Ethereum moved from the proof-of-work system, which is not energy efficient, to a proof-of-sake system, projects and users interacting with the network still suffer from high transaction gas fees, as the Merge didn’t fix it. According to Ethereum, “gas fees are a product of network demand relative to the network’s capacity,” so the Merge can’t solve issues with high gas fees.
The shift to Solana and Polygon may be due to both networks’ incredibly low gas fees and fast transaction processing speed.
However, the data statistics on new GitHub repositories per chain per month published by Ignas show that there is more developer activity and commits on Ethereum than on other networks. According to the statistical data, Solana was second behind Ethereum in the number of new repositories, while Polygon was third.
