PANews reported on October 31 that Electric Capital partner Maria Shen shared an analysis of the geographical distribution of global crypto developers on Twitter. Data shows that Asia has now become the region with the largest number of crypto developers in the world, and the US market share continues to decline. The proportion of developers in North America has dropped sharply from 44% in 2015 to 24% in 2024, while the proportion in Asia has increased from 13% to 32%, surpassing North America for the first time.
Although the United States is still the country with the largest number of developers, accounting for 18.8% of the world, followed by India (11.8%) and the United Kingdom (4.2%). However, 81% of crypto developers live outside the United States, which not only poses a challenge to American innovation, but is also considered a potential national security issue. Shen pointed out that the proportion of developers in the United States has dropped by 51% since 2015, while the size of the crypto market has grown from US$5 billion to US$2.4 trillion. This phenomenon may be related to the unclear regulatory environment in the United States. She called for the formulation of clear crypto policies to maintain the United States' leading position in the crypto field.
