Web3 active developers dropped by nearly 40% in one year

 encrypted data and analytics platform Artemis Terminal showed that on March 17, 2024, the number of active developers marked on open-source repositories within a week was 12,380. This number decreased to around 7,600 on March 16 this year, meaning a 38.6% decrease in the number of active developers per week over the past year.

The number of active developers working in over 1,500 ecosystems is used as an indicator of the overall health of the Web3 ecosystem. The activity of developers indicates an increase in innovation and maintenance of protocols, which contributes to long-term sustainable development.