• Solana blockchain is the top favorable ecosystem for new blockchain developers, with 83% YoY growth.
• Solana also leads DEX usage, capturing 81% of DEX transactions with the highest number of unique trading wallets.

Solana blockchain is known for its fast transaction processing in the industry from the beginning. According to the latest report, Solana is the number one blockchain ecosystem for new developers. In terms of the new developers activity, Solana surpassed Ethereum, the world’s first and largest blockchain ecosystem for dApp development.

As per the Developer Report, Solana blockchain witnessed a significant growth of 83% YoY in terms of onboarding new developers into the space. And, the most new crypto developers hail from India in 2024. The report also highlighted the importance of developers for value creation and mentioned the ever-increasing both developer and user activity across the globe in the crypto industry.

Developer Report Says Solana Also Leads in DEX Usage

The Developer Report says it fingerprinted 902 million code commits across 1.7 million repositories to gather data regarding developer activity. Based on its findings, 23,163 monthly active developers contribute to open-source crypto and blockchain. This implies a 39% growth per year since 2015.

While crypto developers are distributed across the world, Asia is the number one continent with most of the developer share, followed by Europe and North America. Ethereum is the top blockchain with most of the developer share in every continent.

India is the top country with most of the new developers while Solana is the top blockchain used by new developers. This implies, Solana is the most used blockchain ecosystem in India, followed by Ethereum and Base. A significant 7,625 out of the total 39,148 new developers are using Solana based on the report findings.

Not only developer activity, Solana is the top blockchain in terms of the DEX usage as well. It captured a staggering 81% of DEX transactions and has the most number of unique trading wallets, followed by Base. Also, Base and Solana lead in multiple use-cases for NFTs. While Solana owns around 64% NFT mint transactions, Base owns a substantial 97% of total NFT minting volume.

Ethereum maintains its dominance across various countries in terms of the most developer activity. However, Solana blockchain and Base blockchain are capturing the attention as emerging blockchains with real time use cases. With the upcoming bull market ahead, Solana price and Base price seem to grow further not only in terms of their blockchain activity but also in terms of their market share.

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