The most fundamental metric in Web3 = developer activity
Hello Artemis Friends!
We have a big announcement. And it relates to what we think is the most fundamental metric in web3: developers, developers, developers
(For NBA fans: as an aside, if you think about it Steve Ballmer and Kawhi Leonard couldn’t be two more different personalities! 🤔.)
We launched our dashboard of real-time Web3 developer activity!
Here’s a view of the weekly commits and weekly active developers in the web3 ecosystem in the last 3 months.
Across the major ecosystems, there’s been a significant decline in the last 1 month and 3 months of weekly active developers across community. Some of this could be attributed to growth in other ecosystems (e.g Aptos), a drawdown in price (and perhaps less of an incentive to build) but also we are currently tracking open source github repos so developers may be building in closed source repos that we don’t currently track. Also summer vacay in August anyone? ☀️
There’s been a narrative that Solana developers have been moving over to Aptos — it’s been interesting to see that Aptos has indeed seen a growth in weekly active developers. Its not confirming this thesis necessarily but it is interesting to see the decline in developer activity in Solana (again note this is just public repos) and growth in Aptos developers.
Solana Developer Activity — weekly active devs down ~30% MoM, 58% last 3 months 📉
Aptos Developer Activity — weekly active devs up 40% MoM, 58% last 3 months 📈
- Flow has ~50k daily active addresses which is > than that of Avalanche (38k) on C-Chain.
- Speaking of wallets, Aptos seems to be pushing Petra Aptos Wallet which has 2k+ users in the chrome store which should be a great leading indicator of consumer adoption:
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We’ve been seeing GokuStats (our L1/L2 dashboard) in the wild on Twitter and there are great insights from the community.
1️. Cosmos: daily active, transactions and TVL are reaching 3 month high
2️. Solana: no major outages this summer
3️. Developer activity: down in the bear market, importance of engaging with devs.
4️. Binance Smart Chain (BSC): large number of active addresses among L1s
See you all next week ✌️
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