We @electriccapital analyzed 110k+ developer profiles to understand crypto devs geographically.
Asia is now #1 for crypto devs. The US is losing market share.
Crypto impacts every state in the US -- crypto should be non-partisan.
Here’s what the data shows & why it matters:
North America lost its lead in crypto developer share to Asia.
North America’s share of devs dropped sharply—from 44% in 2015 to just 24% in 2024.
Meanwhile, Asia’s share climbed from 13% to 32%.
For the first time, Asia is the #1 continent for crypto talent.
The US remains #1 in crypto devs by country.
% of crypto devs by country:
#1 🇺🇸 US: 18.8%
#2 🇮🇳 India: 11.8%
#3 🇬🇧 UK: 4.2%
81% of crypto devs live outside the US shaping the future of digital money.
This is a national security issue & innovation drain for the US.
The US had a 51% drop in dev share since 2015 - while crypto grew from $5B to $2.4T in market size!
Is this the result of negative regulatory environment? The US needs clear crypto policy to maintain its country lead.
Zooming in to the US: How does this break down by US state?
Crypto thinks of itself as CA & NY based - but 64% of devs live outside of these traditional tech hubs!
This is an opportunity for job & wealth creation for policymakers.
Crypto should not be partisan -- devs live in every state, representing all political backgrounds.
Methodology: We analyze 200M+ crypto related git commits across 350K+ repos. Geo data is from 110K devs w/ self-reported locations, out of 366K crypto devs since 2009.
Geo data & more will be in our upcoming 2024 Developer Report!
Add to our taxonomy:
github.com/electric-capit…
Producing this analysis is a ton of work! Credit to @n4motto for this original geography analysis.
It takes a team to put this together:
@n4motto on analysis
@mishafrolov on design
@jubos on data pipeline
@scinocco_a on eng
@avichal, @martha, @EmilyMMeyers for analysis ideas
Thank you @martha_shear for the many reads and feedback.
Apologies for the wrong tag -- this is what happens when I don't have your eyes on a tweet.
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