Solana Reports 2,500 Monthly Developers Amid Price and Activity Surge

In a recent report, Solana stated it had 2,500 to 3,000 monthly active developers last year. This number indicates a strong ecosystem, attracting and keeping new talent. The count includes only developers working in public spaces.

However, Electric Capital’s Developer Report, which uses GitHub data, shows Solana's developer count was 946 as of October 2023, down from a high of 2,634 in December 2022. The report's latest data only goes up to October, a spokesperson from  Electric Capital’s Developer Report, has explained that data for the rest of 2023 will be uploaded in the coming week.

Ethereum, another blockchain, had a higher developer count of 5,769 on October 1, 2023. This is a decrease from its peak in June 2022.

Solana’s developer retention has increased by 50% in the last three months, coinciding with more activity on its network and a price rise in its token.

Solana's price surged 500% from October to December, driven by a craze for SOL-based meme coins. It briefly became the fourth-largest cryptocurrency by market cap in December.

The network also saw a significant increase in activity, temporarily surpassing Ethereum in daily decentralized exchange volumes.