Investorideas.com

Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS




Share on StockTwits

Monthly Active Developers on Ethereum Rocket Past the 4000 Mark, Recording a 34% Rise in the Last 2 Years

 

August 30, 2022 (Investorideas.com Newswire) According to an analysis by BanklessTimes.com, Ethereum is maintaining its lead over other projects, with 4,000 monthly active developers indicating a growing interest in building on Ethereum. This is a 34% increase from the 2,972 developers figures recorded in 2020.

According to BanklessTimes.com Jonathan Merry, "Ethereum is attracting the largest percentage of all developers entering Web3. This is likely due to a number of factors, including the strength of its ecosystem, the maturity of its tooling, and the fact that it has a large community. Soon we'll see the launch of Ethereum 2.0, which is set to solve the network's high fees and slow transaction speeds. This will only solidify Ethereum's position as the most popular smart contract platform."

Ethereum Upgrade

Ethereum's monthly active developers are well ahead of Solana (~1,000), Bitcoin (~500), and chains like Avalanche, BNB Chain, Polygon, NEAR, Tezos, Internet Computer, and Cardano (which all have around ~300).

Development activity surrounding Ethereum is steadily increasing as we inch closer to the Merge upgrade. This network transition will change things over to Proof-of-Stake (PoS) protocol. The upgrade results from years of research and development and will make Ethereum 2.0 a reality. The protocol change will improve several aspects of the network, including transaction speed, scalability, and energy efficiency.

Ethereum's Declining Gas Fees Attracting Developers

In the past, high Ethereum gas fees have hindered development progress on the network. However, gas fees have declined significantly recently, making it cheaper to develop on the network.

The drop in fees has coincided with increased development activity on Ethereum. This suggests that developers are responding to the lower fees by building more on the network. With low gas fees, development activity will likely continue to increase in the coming months. Full story and statistics can be found here: Monthly Active Developers on Ethereum Rocket Past the 4000 Mark, Recording a 34% Rise in the Last 2 Years

More Info:


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp






News and Research for Bitcoin, Blockchain, Digital Currency Stocks and ICO's

Get more Bitcoin, Blockchain, Digital Currency stock investor ideas - news, articles, podcasts and stock directories

Buy a crypto guest post on Investorideas.com