Three-Month Developer Retention in the Solana Ecosystem Increases to Over 50%
According to a report from the Solana Foundation, developer retention in the Solana ecosystem has increased from 31% to over 50% in 2023. This improvement is attributed to better developer onboarding and increased opportunities within the ecosystem. The retention rate was evaluated by measuring the number of developers who made at least one commit in three consecutive months.
The report also highlights that 400-500 Solana developers are graduating from multiple bootcamps every six months, with job listings growing by 500% throughout the year.
Developer Experience and Global Reach
The Solana Foundation acknowledges that improved activity is due to enhanced tooling for different programming languages and additional educational resources. However, it recognizes the need for improvement in areas such as testing and debugging.
The report emphasizes the global growth of the ecosystem, with initiatives expanding to eight countries in 2023. This is evident in diverse participation in hackathons and events, with representation from over 150 countries.
Over the past three years, more than 3,000 projects have launched, raising over $600 million in funding through hackathon submissions. The most recent hackathon received more than 900 submissions.
Solana’s Strong Year
In parallel with increased developer activity, Solana’s native cryptocurrency SOL experienced significant growth in 2023. It was the best performer among major altcoins, gaining over 1,000% throughout the year. SOL is currently trading at $101.
In December, Solana set new records for new and active monthly addresses during a price rally.
Hot Take: Solana’s Developer Retention Surge Drives Ecosystem Growth
The Solana ecosystem has seen a significant surge in developer retention, with rates increasing to over 50% in 2023. This growth can be attributed to improved onboarding processes and expanded opportunities within the ecosystem. With hundreds of developers graduating from bootcamps and job listings growing exponentially, the Solana Foundation is fostering a thriving developer community.
Furthermore, the Solana ecosystem’s global reach is expanding, with initiatives spanning multiple countries and diverse participation in hackathons. The foundation’s commitment to providing enhanced tooling and educational resources has contributed to this growth. As a result, Solana’s native cryptocurrency SOL has experienced remarkable success, cementing its position as one of the top altcoins in the market.
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