2023 success story: why did 400-500 developers choose Solana?
The Solana (SOL) Foundation has released a new report highlighting positive changes within the ecosystem. In 2023, the foundation reported a significant increase in developer attraction and retention, and this is attributed to advanced tools and educational resources available within the Solana ecosystem.
According to the Solana Foundation report, quarterly developer retention in the Solana ecosystem will increase from 31% to more than 50% by 2023. This growth is attributed to improvements in developer attraction and increased opportunities within the ecosystem. Retention was assessed by measuring the number of developers who completed at least one transaction for three consecutive months.
The report also highlighted that about 400-500 SOL developers graduate from various developer bootcamps every six months. At the same time, the number of job openings increased by 500% during the year.
The increased retention helped maintain 2,500 to 3,000 monthly active developers within the SOL ecosystem through 2023, according to GitHub data. The Solana Foundation also attributed the increased activity to improved tools for multiple programming languages and additional educational content. However, the foundation also acknowledged that improvements were needed in testing and debugging.
The report further reported, "More than 3,000 projects have been executed in the past three years and more than $600 million has been raised for projects submitted to hackathons." The increase in developer activity in the Solana ecosystem in 2023 coincides with a successful year for Solana's native cryptocurrency, SOL, which increased from $8 to more than $120 in 2023.
According to the Solana Foundation report, quarterly developer retention in the Solana ecosystem will increase from 31% to more than 50% by 2023. This growth is attributed to improvements in developer attraction and increased opportunities within the ecosystem. Retention was assessed by measuring the number of developers who completed at least one transaction for three consecutive months.
The report also highlighted that about 400-500 SOL developers graduate from various developer bootcamps every six months. At the same time, the number of job openings increased by 500% during the year.
The increased retention helped maintain 2,500 to 3,000 monthly active developers within the SOL ecosystem through 2023, according to GitHub data. The Solana Foundation also attributed the increased activity to improved tools for multiple programming languages and additional educational content. However, the foundation also acknowledged that improvements were needed in testing and debugging.
The report further reported, "More than 3,000 projects have been executed in the past three years and more than $600 million has been raised for projects submitted to hackathons." The increase in developer activity in the Solana ecosystem in 2023 coincides with a successful year for Solana's native cryptocurrency, SOL, which increased from $8 to more than $120 in 2023.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.