Weekly active crypto devs have decreased by more than 26% in the last 3 months

The crypto industry has seen a more than 26% drop in weekly active developers over the past three months amid a prolonged market slump, according to recent data.

According to blockchain data aggregator Artemis, the four leading modern contract platforms – Ethereum, Polkadot, Solana and Cosmos – experienced a significant decline, showing a decrease in developer activity of 30.5%, 43.6%, 48.4% and 48.9% respectively in three months.

Source: Artemis

Interestingly, the decentralized data storage protocol Interplanetary File System (IPFS) and blockchain network Internet computing are among the few best smart contract platforms that have seen growth during this period, showing an increase of 206.6% and 21.7% respectively.

Blockchain developers are primarily responsible for designing the blockchain architecture, maintaining and improving the infrastructure, and building modern contracts that enable decentralized applications.

Blockchain developer activity is considered one of the most important metrics for the success of a modern contract platform, as developers without it may struggle to grow.

Tasha Che, a crypto researcher and founder of Tascha Labs, told her 173,700 Twitter followers on Sept. 8 that she doesn’t believe the trend is worrisome because “tourist builders” and “tourist investors” are leaving for the fall. ” which now allows legitimate developers to “have the peace and quiet to do real work”.

Another Twitter user, identifying himself as a Binance research analyst, did not comment on the downward trend, but said that developer activity would be an “important gauge.” think about Due to the “trending tire effect” on the industry in the following years.

The fall in developer activity followed the crypto market crash from April to mid-June, which reduced the total crypto market value from $2.1 trillion to $890 billion.

Related: Ethereum dominates among developers, but competitors are growing rapidly