Web3 Developer Activity

Sharing these fantastic charts from Electric Capital showing that Web3 developer activity is at an All-time High right now (with 18.4k+ monthly active developers that commit code in open source crypto projects).

Interestingly, developer growth goes up with prices, but developer activity is sustained even when prices collapse (meaning that prices generate talent inflows into the space, but talent stays because of the technology).

I believe that this feedback loop between developer interest and innovation will lead to consistent long-term growth in crypto.