Crypto Developer Geographic Distribution Report: Asia Emerges as Top Region by Number, U.S. Share Drops to 24%
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Crypto Developer Geographic Distribution Report: Asia Emerges as Top Region by Number, U.S. Share Drops to 24%
North America has lost its lead over Asia in the share of cryptocurrency developers.
Navigating Web3 tides with focused insightsAuthor: maria
Translation: TechFlow
We at @electriccapital analyzed over 110,000 developer profiles to understand the geographic distribution of crypto developers.
Currently, Asia has become the region with the highest number of crypto developers, while the United States is gradually losing market share.
Cryptocurrency impacts every U.S. state, so its development should transcend partisan divides.
Here are the key findings from the data and why they matter:
North America has lost its lead over Asia in terms of share of crypto developers.
The proportion of developers in North America has dropped sharply—from 44% in 2015 to 24% in 2024.
Meanwhile, Asia's share has risen from 13% to 32%.
This marks the first time Asia has become the leading continent for crypto talent.
Nonetheless, the United States remains the country with the most crypto developers.
Countries by share of crypto developers:
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United States: 18.8%
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India: 11.8%
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United Kingdom: 4.2%
Notably, 81% of crypto developers live outside the United States, and they are shaping the future of digital currencies.
This is an issue concerning U.S. national security and the loss of innovation.
Since 2015, the U.S. share of developers has declined by 51%, while the size of the crypto market has grown from $5 billion to $2.4 trillion!
Does this reflect a negative regulatory environment in the U.S.? To maintain its global leadership, the U.S. urgently needs clear crypto policies.
Focusing on the U.S.: How do the states compare?
Although the crypto industry sees itself as centered in California and New York, in reality, 64% of developers live outside these traditional tech hubs!
This presents policymakers with opportunities to create jobs and wealth.
The crypto industry should not be a partisan battleground—developers are present in every state, representing diverse political backgrounds.
Methodology: We analyzed over 200 million crypto-related git commits across more than 350,000 repositories. Our geographic data comes from self-reported locations of 110,000 developers, drawn from a total pool of 366,000 crypto developers since 2009.
Geographic data and more will be featured in our upcoming 2024 Developer Report!
Also, check out our taxonomy:
From github.com
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@MariaShen
