Why Crypto Developer Activity Continues to Grow Despite the Bear Market - Ep. 445

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 20 January 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Maria Shen, partner at Electric Capital, unpacks the venture firm’s latest Developer Report. Hotly anticipated among crypto observers, the annual report captures which chains developers are building on. Despite 2022’s price carnage, the report finds developer interest remains strong. Ethereum is the leading chain by far but EVM-compatibility is emerging as a major force in winning developers’ hearts and minds. Shen unpacks Bitcoin’s stability, Terra’s implosion, and many more insights from crypto’s open-source code repos. Show highlights: why the report "undercounts" developers and how it defines active developers how developers represent a fundamental measure of the health of emerging technologies like crypto the meaning of developer numbers going up even when prices plummet why in recent years the speed of developer growth jumped so drastically what happened after the number of developers reached an all-time high in June 2022 the role of Terra in the decline of developer activity in 2022’s second half why Ethereum dominates the ecosystem and whether it will continue to be the leader the benefits of being part of “the EVM universe” why the number of Bitcoin developers has remained flat over the last year whether looking at the number of developers in the NFT ecosystem is even relevant Thank you to our sponsors! Crypto.com Guest Maria Shen: Twitter Electric Capital Developer Report Full report Maria’s 2022 thread 2021 report 2020 report Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi everyone, welcome to Unchained, your no-hype resource for all things crypto.
0:08.6	I'm your host, Laura Shin, other of the Cryptopians.
0:12.0	I started covering crypto seven years ago, and as a senior editor of Forbes was the
0:16.0	first mainstream reader reporter to cover cryptocurrency full-time.
0:19.5	This is the January 20th, 2023 episode of Unchained.
0:23.6	If you're enjoying Unchained and have found it valuable, please rate and review us on iTunes.
0:28.9	It really helps get the word out about the show.
0:31.6	With the Crypto.com app, you can buy, earn, and spend crypto in one place.
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0:43.0	For the latest crypto updates, be sure to subscribe to our daily newsletter at UnchainedCrypto.substac.com.
0:49.9	Again, that's UnchainedCrypto.substac.com.
0:54.1	Today's guest is Maria Shin, partner at Electro Capital.
0:57.7	Welcome, Maria.
0:59.1	Thanks for having me, it's great to be here.
1:01.0	Electric Capital recently published its annual developer report.
1:04.7	Before we dive into all the findings, just give us a quick reminder of how you're defining
1:09.7	your terms, such as developer activity, and the various metrics that you are measuring
1:14.8	versus why you're not.
1:16.3	Yeah.
1:17.3	I think the biggest caveat that we want everyone to take away from is that this is going
1:21.8	to be an undercounting of developers.
	...

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