Thread by @avichal

1/ We @ElectricCapital fingerprinted more than 20,000 code repos and 16M commits to create a Dev Report on crypto. Analyzed by @MariaShen (better known internally as "Maria Meeker"). Data powered by @jubos. Here are the highlights ⚡️

2/ Number of developers working on public coins has doubled in 2 years. Today, 4,000+ developers/month contribute code across 2.8k coins.

Reminder: this is undercounting. Some of most active projects are private (@binance), un-launched (@CodaProtocol), or not a coin (@lightning)

3/ Number of monthly active developers fell 4% while the markets fell more than 80%. Developers who entered the crypto ecosystem have continued to build despite market conditions 🙌

4/ #Bitcoin has the 2nd biggest team of developers working on core protocol, 10+ years after founding. An average of 47 developers per month work on Bitcoin’s core protocol 👊

5/ @Ethereum attracts the biggest developer team in crypto. Average 99 unique developers/month working on ETH’s core protocol alone!

6/ If you consider TOTAL code developers (protocol + wallets, docs, APIs, etc…), @Ethereum still has the most developers. More than 200 developers/month are working on Ethereum.

Reminder: this is an undercount as it doesn’t include ecosystem devs like those working on @Truffle.

7/ Let's dive into monthly developer counts of the top projects by network value... #Bitcoin, @ethereum, @Ripple, #EOS @block_one_ , @litecoin, #bitcoincash, @StellarOrg, @Tronfoundation, #BitcoinSV, @Cardano, @monero, @iotatoken

8/ #Bitcoin hasn’t fallen below 35 developers in the past year. Its developer ecosystem is in top health.

9/ @Ethereum grew from 190 total developer per month to 240 total developers per month over 2018 📈

10/ #EOS total developers spiked to 76 leading up to its mainnet launch, then flattened.

@block_one_

11/ Low activity projects tend to be forks

@Dogecoin is abandoned, @Litecoin lost almost all its developers in 2018, and forks like @BitcoinDiamond and @bitcoingold have fewer than 5 developers working on them a month (perspective: Bitcoin itself has ~50 developers a month)

12/ High network value coins w/ high developer gains... @waves, @zilliqa, @golemproject, @IOStoken, @0xProject, @omise_go, @OntologyNetwork, @KomodoPlatform, @tezos, @holochain, @factom, @vechainofficial

13/ Number of developers increase as projects get close to major releases @OntologyNetwork, @KomodoPlatform, @tezos, @vechainofficial

14/ Some projects that have been steadily gaining developers over 2018 have been gearing up for major releases early 2019 @zilliqa, @IOStoken, @omise_go, @holochain

15/ ...and way more charts here: medium.com/@ElectricCapit…

If you spot an error/missing project, let us know🤝

Methodology: de-duped commit data to eliminate forks, open source libraries, and separated the "core" protocol code from "total" updates from website, wallets, and docs

Oops, I meant @trufflesuite :)

HOW DID WE MISS A CHANCE TO INCLUDE THIS AT THE TOP OF REPORT?!?!