Developer retention for 3 months Solana brush
+8.78%
According to one study, ecosystems will increase from 31% to over 50% during 2023. This is a report from the Solana Foundation.
The foundation attributed this to improvements in developer onboarding and increased opportunities in the ecosystem. The report assessed retention rates by measuring the number of developers who committed at least once over three consecutive months.
According to the report, approximately 400 to 500 Solana developers graduate from multiple developer bootcamps every six months, and job listings are growing 500% throughout the year.
Developer retention. Image: Solana Foundation.
Improved retention rates have helped maintain 2,500 to 3,000 Solana ecosystem developers per month through 2023, according to GitHub data.
Developer experience and global reach
The Solana Foundation also stated that while there is room for improvement in areas such as testing and debugging, activities have improved thanks to improved tools and additional training resources for various programming languages.
This highlighted the global growth of the ecosystem, with initiatives such as SuperteamDAO expanding to eight countries by 2023. This global expansion is also reflected in the diverse participation in Solana Hackathons and other events, with participation from more than 150 countries.
“Over the past three years, more than 3,000 projects have been launched and more than $600 million has been raised for projects submitted to hackathons,” the Solana Foundation said. “The number of project submissions increased with each hackathon. Our most recent hackathon, Solana Hyperdrive, had over 900 submissions.”
The increase in developer activity within the Solana ecosystem in 2023 coincided with a strong year for Solana’s native cryptocurrency. SOL was the best performer among major altcoins last year, rising more than 1,000% from around $10 at the start of the year to $102 at the end, according to price data from The Block. SOL is currently trading at $101.
In December, Solana set new records for new and active monthly addresses amid rising prices.
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