Amid the ongoing market downturn, blockchain engineers have slowed down their contributions to leading cryptocurrency projects, with developer activity on Bitcoin and Ethereum declining by over 30% over the past three months.
The final week of August saw a total of 12,200 commits to the Ethereum network, the smallest unit of work for developers and almost unchanged over the previous month and down over 30% over the previous three months, according to dev activity tracking site GokuStats.
Additionally, Ethereum, the largest and most powerful cryptocurrency community, has 1,850 weekly developers for the week ending August 27.
This number has decreased by more than 30% over the last three months and by 11% in just one month.
The amount of developer contributions has also decreased for the top cryptocurrencies. Devs produced 1,600 contributions to the Bitcoin blockchain and its sub-ecosystem during the last week of August, which represents a decrease of more than 35% in one month and 38% in three months.
Additionally, for the week ending August 27, there were 293 active weekly developers for Bitcoin. The number of active weekly developers for Bitcoin has decreased by about 13% over the past month and by about 33% over the past three.
Additionally, for the week ending August 27, there were 293 active weekly developers for Bitcoin. The number of active weekly developers for Bitcoin has decreased by about 13% over the past month and by about 33% over the past three.
Other blockchains and cryptocurrency projects have also suffered a decline in development engagement, in addition to Bitcoin and Ethereum. The hardest hit were Polkadot, Solana, and Cosmos, which during the previous three months have lost about 50% of their weekly developers.
