Developer retention in the Solana ecosystem will increase from 31% to 50% by 2023

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according to Report According to the Solana Foundation, the Solana ecosystem’s 3-month developer retention rate will increase from 31% to over 50% in 2023.

The foundation attributes this to improved developer recruitment and increased opportunities in the ecosystem. This report evaluates retention by measuring the number of developers who have made at least 1 commitment in 3 consecutive months.

According to the report, approximately 400-500 Solana developers graduate from various developer bootcamps every six months, and job listings increase by 500% throughout the year.

Developer Reserved | Source: Solana Foundation

according to data On GitHub, improved retention rates have helped 2,500 to 3,000 Solana ecosystem developers remain active each month in 2023.

Developer experience and global reach

The Solana Foundation also attributes the performance improvements to enhanced tools in multiple programming languages and additional educational resources, although it says there is still room for improvement in areas such as testing and debugging.

They highlighted the global growth of the ecosystem, with initiatives such as SuperteamDAO expanding to eight countries by 2023. This global expansion is also reflected in diverse participation in Solana hackathons and other events, with more than 150 countries participating.

The Solana Foundation wrote:

“Over the past three years, more than 3,000 projects have been launched and over $600 million has been raised for projects submitted to hackathons. The number of projects submitted increases with each hackathon. Recent Hackathon Solana Hyperdrive Over 900 entries were received.”

Increased developer activity in the Solana ecosystem in 2023 coincides with a strong year for the native cryptocurrency SOL. In fact, SOL was the best performing altcoin among the major altcoins last year, rising over 1,000% from around $10 at the beginning of the year to $102 at the end of the year. SOL is currently trading at $99.93.

In December, Solana set new monthly records for new and active addresses amid rising prices.