Asia overtakes North America as top hub for crypto developers

A recent report by Electric Capital’s Maria Shen reveals that Asia has become the leading region for cryptocurrency developers, surpassing North America for the first time. Analysis of over 110,000 developer profiles shows Asia’s share has grown from 13% in 2015 to 32% in 2024, while North America’s share has dropped sharply from 44% to 24%.

At the national level, the United States still ranks first globally with 18.8% of crypto developers, though this represents a 51% decrease since 2015. India follows with 11.8%, while the United Kingdom holds 4.2%. Notably, as the industry’s market size soared from $5 billion in 2015 to $2.4 trillion today, the geographical spread of developers has extended well beyond traditional tech hubs like California and New York, with 64% now based outside these centres.

Maria Shen emphasised that cryptocurrency development spans various regions and political affiliations, highlighting the field’s global and diverse nature. Her report, based on 200,000 crypto Git commits from over 350,000 code repositories, underscores the growing decentralisation of crypto talent.