Cryptocurrencies
Coders Flock Back to Crypto Projects With Prices Surging Again
- After a two-year drop, the number of new developers is rising
- More than 80% of active developers began in the last two years
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Software developers are flocking back to the cryptocurrency world at a level not seen since the market last peaked three years ago.
The number of new developers increased this year for more than three months in a row for the first time since 2017, according to a report from Electric Capital, a venture firm that invests in crypto startups. That marks a reversal of a sharp two-year decline in developer interest that followed the 2018 plunge in digital token prices and the collapse of initial coin offerings.