Solana (SOL), a blockchain platform, has reported significant advancements in its developer ecosystem, demonstrating substantial growth and improved retention rates. The Solana Foundation’s recent report reveals that the platform’s developer community has made notable progress in tooling, developer experience, content quality, and programming language diversity throughout 2023.
The Solana Foundation, which fosters the growth of the Solana ecosystem, has disclosed that the number of monthly active developers on open-source repositories has exceeded 2,500, with a continuous influx of professional developers. The report also underscores a significant increase in three-month developer retention, which has risen from 31% to over 50% within the protocol’s ecosystem. This improved retention is attributed to the enhancement of developer onboarding processes.
Multiple comprehensive guides have been released by the Solana Foundation, and developer boot camps have been conducted, resulting in approximately 400-500 senior developers graduating every six months with a keen interest in building on the platform. The report further indicates that about 50% of the top submissions and winners of the recent Solana Hyperdrive Hackathon had completed these boot camps, demonstrating their effectiveness in nurturing skilled developers within the ecosystem.
The report also highlights a surge in developer job opportunities within the ecosystem. The number of job postings on jobs.solana.com, a platform that aggregates job openings across the ecosystem, has steadily increased from 15 in January 2023 to 95 at the time of the report’s publication. In December 2023 alone, 41 new jobs were added, indicating a growing demand for jobs and talent within the community.
Despite being a relatively new ecosystem, Solana has already established itself as the second-largest ecosystem in monthly active developers. This growth can be attributed to various initiatives led by the Solana Foundation, including hackathons, developer houses, educational boot camps, and sponsored university events. Ecosystem-led groups such as SuperteamDAO, mtnDAO, Metcamp, and Gen3 have significantly fostered growth and attracted developers.
The report also emphasizes the global nature of the protocol’s developer ecosystem, with participants from 151 countries represented in the most recent hackathon. The share of hackathon submissions from outside the United States has grown substantially, reaching 91% in Hyperdrive. Countries such as India, Germany, China, the United Kingdom, Turkey, and Vietnam have emerged as priority focuses for developer communities due to their abundant engineering talent. Countries like Brazil, Japan, France, Nigeria, and Israel are expected to contribute significantly to the ecosystem’s growth in the coming year.
While the report acknowledges the initial challenges faced by developers transitioning from Ethereum Virtual Machine (EVM) to Solana, efforts are underway to ease their onboarding process. Tools are being developed to facilitate the adoption of the protocol’s blockchain and streamline the iteration speed for developers accustomed to EVM programming. The Solana ecosystem aims to bridge the gap and provide a seamless transition for developers, as evidenced by the relatively small percentage (7%) of monthly active Solidity developers who have explored the protocol’s development.
After briefly dipping to the $85 level following its peak at $126, which was reached on December 25, 2023, SOL has regained its bullish momentum. In the past 24 hours, the token has experienced a 6% surge, resulting in its current trading price of $99.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | 🇺🇸 🇮🇳 🇩🇪 🇨🇳 🇬🇧 🇹🇷 🇧🇷 🇯🇵 🇫🇷 🇳🇬 🇮🇱 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | Solana Foundation, Metcamp, Gen3, mtnDAO, SuperteamDAO |
| Currencies | Ethereum, Solana |
| Securities | None |
