ElectricCapital Report Unveils Insights: Polygon Emerges as Dominant Force in the 2023 Developer Sce

Author : Elisabeth Louise | Published On : 24 Jan 2024

ElectricCapital's recently released 2023 Developer Report has thrust Polygon's Proof-of-Stake (PoS) protocol into the spotlight as the top choice for first-time developers. In a comprehensive analysis involving over 485 million code commits across 818,000 open-source repositories, Polygon's PoS emerges as a dominant force, showcasing its exceptional speed, cost-effectiveness, and compatibility with the Ethereum Virtual Machine (EVM). The report positions Polygon zkEVM as a significant tool in the developers' arsenal, reinforcing its role in shaping the blockchain development landscape.

This revelation underscores a transformative era for multichain developers, with 30% actively supporting more than one blockchain. Polygon PoS takes center stage as a cross-pollinator, establishing a symbiotic relationship with Ethereum in the multichain development landscape. Despite an overall decline in the total number of developers, the report brings a positive narrative with the emergence of 22,000 monthly active developers, reflecting a broader global presence and a distributed approach to blockchain development.

As the crypto community eagerly anticipates 2024, ElectricCapital's Developer Report sets the stage for increased developer activity, innovation, and growth within the dynamic blockchain landscape.