Ethereum Developer Base Grows 2,100%, Leading Blockchain Innovation
01.09.2024 15:00 2 min. read Alexander Stefanov
Ethereum has experienced an extraordinary increase in its developer base, growing from just 25 developers in early 2019 to nearly 550 by 2024 - a staggering 2.100% increase.
This surge is a testament to the platform’s strong appeal in the tech and blockchain communities. The main driver of this growth is Ethereum’s position as a leading blockchain platform that offers ample opportunities for innovation and development.
With nearly 2,788 full-time developers and over 8,865 total monthly active developers, Ethereum remains at the forefront of blockchain development.
The network’s robust ecosystem and its continuous development in areas such as smart contracts, decentralized applications and second-layer solutions are attracting top talent.
Developers are attracted by the large community, extensive resources and the platform’s commitment to improving scalability, security and functionality.
The real Ethereum bull run isn’t price – it’s brainpower. 1500% growth in researchers since 2019.
Hard to bet against the collective brainpower of this ecosystem. pic.twitter.com/S1F0eFuDpm
— Emre ⚡ (@n4motto) August 29, 2024
However, Ethereum’s dominant position is not without its challenges. The network has seen a slight decline in developers, with it declining by 10% per year, indicating increasing competition.
However, Ethereum’s long-standing reputation, coupled with continued innovation, continues to cement its role as a key player in the blockchain space. To maintain its edge, the platform must continue to adapt and foster innovation, ensuring it remains attractive to the best and brightest in the field.
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Ethereum developers have officially approved a plan to raise the network’s gas limit to 60 million as part of the forthcoming Fusaka upgrade, signaling a major step to boost throughput and meet rising demand for block space.
Ethereum core developers have confirmed that the network’s next major hard fork, Fusaka, is slated to go live on the mainnet on December 3, 2025.
Sending crypto across multiple blockchains can still feel like navigating a maze — especially when it’s unclear which network an address belongs to.
Ethereum recently saw a sharp drop, but some experts suggest it may be a healthy pause rather than a sign of trouble.
Ethereum continues to assert its dominance in decentralized finance (DeFi), with applications on the network now hosting approximately $330 billion in user assets, according to fresh data from Token Terminal.
Ethereum (ETH) has taken the top spot in this week’s crypto mindshare rankings, commanding 18.62% of total market attention - an impressive 84.75% increase over the past seven days, according to Messari data.
Ethereum (ETH) tumbled 4.59% in the past 24 hours, extending its slide to $4,380 and underperforming the broader crypto market’s 2.92% decline.
Cybersecurity firm SlowMist reports that the Ethereum ecosystem has lost $400 million to exploits so far this year, amid a 50% rise in crypto hacking incidents.
Institutional interest in Ethereum is clearly picking up—at least on paper. Spot Ethereum ETFs have seen nine straight days of net inflows, with BlackRock’s ETHA and Fidelity’s FETH leading the charge.
Ethereum saw an explosive surge in institutional demand this week, with spot exchange-traded funds (ETFs) posting their highest single-day inflow on record. O
The launch of Ethereum's (ETH) ETF has led to new selling pressure on the cryptocurrency, potentially linked to Grayscale’s substantial ETH holdings, which were acquired at lower prices.
While some predict strong inflows, others warn that demand may not reach the levels seen in the Bitcoin ETF.
Bitwise Chief Operating Officer Matt Hougan predicts that spot exchange traded funds (ETFs) for Ethereum will report net inflows of $15 billion in the first 18 months of trading.
In the past four weeks, spot Ethereum ETFs have attracted over $2 billion in new investments, excluding a major $2.5 billion outflow from Grayscale’s ETHE, as reported by Farside Investors.
Ethereum appears to be entering a pivotal stage, with subtle shifts across its ecosystem hinting at a potential breakout.
On July 23, the launch of Ethereum ETFs generated considerable buzz in the cryptocurrency sector.
U.S. based spot Ethereum (ETH) exchange traded funds (ETFs) posted positive results on Aug. 1, although Grayscale's ETHE saw outflows equal to $78 million for the day.
The new spot Ether ETFs launched this week have experienced consecutive net outflows over the past three trading days, with the Grayscale Ethereum ETF (ETHE) seeing over $1.5 billion in outflows within its first four days.
Ethereum fell below $3,200 earlier today as recent ETH exchange-traded funds (ETFs) experienced significant outflows.
Ethereum exchange-traded funds are experiencing an unprecedented surge, drawing more money from institutional investors in the past six weeks than during all of last year.