Asia Surpasses North America In Global Crypto Developer Share

According to BlockBeats, on October 31, Electric Capital partner Maria Shen released a global crypto developer distribution research report. The analysis of over 110,000 developer profiles revealed that Asia has overtaken North America in terms of the share of cryptocurrency developers. North America's share has sharply declined from 44% in 2015 to 24% in 2024. Meanwhile, Asia's share has risen from 13% to 32%, making it the leading continent for crypto talent for the first time. By country, the United States holds the top position globally with an 18.8% share, followed by India and the United Kingdom with 11.8% and 4.2%, respectively. Since 2015, the U.S. share of global crypto developers has plummeted by 51%. During the same period, the cryptocurrency market size has surged from $5 billion to $2.4 trillion, an increase of nearly 480 times. Additionally, while the cryptocurrency industry is often thought to be concentrated in traditional tech hubs like California and New York, 64% of developers are actually located outside these areas. The study analyzed over 200,000 crypto-related Git commits across more than 350,000 code repositories. Maria emphasized that cryptocurrency development should not be partisan, as developers are spread across various states, representing diverse political backgrounds.