Ethereum Layer-2 Solutions Starknet and zkSync See Rise in Developer Counts Amidst Overarching Decline
Summary:
Starknet and zkSync, two Ethereum layer-2 scaling solutions, have witnessed an increase in their monthly active developer counts over the past year, while platforms like Ethereum, Polygon, and Solana have seen declines, according to data from Electric Capital. The aim of both Starknet and zkSync is to scale Ethereum through innovations like zero-knowledge rollups and zkEVM solutions. Electric Capital highlights that developer departures are more common among newcomers (less than a year old), while "established" and "emerging" developers have been relatively steady.
Data reveals that Starknet and zkSync, two Ethereum layer-2 scaling solutions, have experienced a rise in their total monthly active developer counts over the past year. Starknet and zkSync recorded increases of 3% and 6%, respectively. In contrast, several platforms like Ethereum, Polygon, and Solana witnessed a decline in their counts by 23%, 43%, and 57%, respectively, over the same period. These details originate from an updated developer report by Electric Capital, with data up until October 1. Overall, total monthly active developers diminished 27.7%, going from 26,701 developers down to 19,279. This change mirrors a broader downward shift in developers over the previous year.
Other platforms like Chainlink, Stellar, Aztec Protocol, and Ripple also saw increases in their developer counts as of October 1. However, their total monthly active developers were fewer than Starknet and zkSync. Both Starknet, which is a product of StarkWare, and Matter Labs's zkSync aim to scale Ethereum through zero-knowledge rollups, a method gaining popularity in 2023. Much of Starknet's recent efforts concentrate on its "Quantum Leap", launched in July, that could theoretically boost Ethereum's TPS (transactions per second) from about 13-15 to a steady 37, even reaching 90 TPS in specific cases. During 2023, Starknet and zkSync also plan to adopt zero-knowledge Ethereum Virtual Machine (zkEVM) solutions to expand Ethereum further.
Moreover, zkSync developers are in the process of constructing a "Hyperchains" network to establish an ecosystem of interoperable protocols and sovereign chains, which is part of its zero-knowledge tech stack. The company presented the solution in June and aspires to have it functioning by the end of 2023.
Electric Capital software engineer Enrique Herreros points out that most of the departing monthly active developers are recent entrants (less than a year old). Meanwhile, quite a few "established" (older than two years) and "emerging" (one to two years old) developers have shown fairly consistent numbers over the last year. This pattern, Enrique notes, is typical, with newcomers dominating the developer market in bull markets and their numbers diminishing as prices begin falling. Electric Capital usually sources its data from code repositories and code commits on the open-source developer platform GitHub.
Published At
10/19/2023 5:33:20 AM
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