Solana has recorded another impressive milestone, overtaking Ethereum to become the leading ecosystem for new developers this year. This ends Ethereum’s eight-year streak, having led in this particular metric since 2016.
Solana Becomes Preferred Choice Over Ethereum
Electric Capital’s Developer Report showed that Solana is the number one ecosystem for new developers in 2024. This marks the first time any other top layer 1 network has surpassed Ethereum for new developers since 2016. 7,625 new developers reportedly built on Solana this year.
Electric Capital’s report also showed that Solana was the fastest-growing large ecosystem in terms of monthly active developers, with an 83% year-on-year (YoY) growth. Internet Computer (ICP) and Base also gained new developers, with 75% and 50% YoY growth, respectively.
Solana’s growth took off in July 2024, when it surpassed Ethereum to become the number-one ecosystem for new developers. The network led the way in Asia and was the top ec
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