Asia surpasses North America in crypto developer share
North America lost its lead in crypto developer share to Asia
Asia has overtaken North America in terms of cryptocurrency developer share, according to recent industry reports, marking a significant shift in the global crypto landscape. As the region sees rapid growth in blockchain and crypto development talent, it underscores Asia’s rising influence in the digital asset space. Meanwhile, the United States remains the largest single country for crypto development, maintaining a considerable lead over other nations.
“The share of developers in North America has declined dramatically, from 44% in 2015 to just 24% in 2024,” said Maria Shen of Electric Capital, commenting on a study of the global distribution of cryptocurrency developers.
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A report from the crypto research community revealed that Asia now accounts for a higher share of crypto developers than North America, suggesting that favorable regulatory environments and increased investment in digital infrastructure are creating fertile ground for blockchain innovation.
The development community in Asia has expanded, particularly in markets such as Singapore, Japan, and South Korea, which have become hubs for blockchain startups and innovation-friendly regulations. With Asia’s increase in developer activity, the region has positioned itself as a powerful player in the evolving cryptocurrency ecosystem.
However, despite Asia’s recent growth, the United States continues to dominate globally, housing the largest concentration of crypto developers in any single country. This dominance is attributed to the U.S.’s established tech industry, strong capital markets, and a sizable share of venture capital directed toward blockchain projects. The U.S. has consistently attracted top crypto talent, particularly in Silicon Valley, New York, and Austin, which remain hotspots for crypto and blockchain innovation.
This development shift toward Asia comes amid increased regulatory pressures in North America, particularly in the United States, where heightened regulatory scrutiny has led to uncertainty within the crypto industry. Some experts suggest that these pressures may be motivating developers and startups to look to other regions, such as Asia, where they find more supportive frameworks and greater investment in tech infrastructure.
For the global crypto community, Asia’s surge in developer share reflects a broader trend of decentralizing digital asset innovation, spreading it beyond the historical centers of Silicon Valley and New York. Observers suggest that this geographic diversification of crypto talent could promote more varied, globalized perspectives on blockchain technology, potentially accelerating growth across borders.
As Asia strengthens its position within the crypto industry, the competition for top blockchain talent is likely to intensify. Both North American and Asian markets will be closely watched to see how regulatory landscapes, capital investments, and technological advancements shape the future of cryptocurrency development worldwide.
In addition, we reported that Eastern Europe, the fourth largest cryptocurrency market in the world, processed $499.14 billion worth of crypto payments between July 2023 and June 2024, representing 11% of all cryptocurrency blockchain transactions globally.
