Solana ecosystem’s developer retention and global growth surge

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With global expansion, diverse hackathon participation, and SOL achieving an impressive 1,000% growth in 2023, Solana’s developer retention rate soars to 50%.

According to the report, developer retention rates in the Solana ecosystem improved significantly in 2023, soaring from 31% to over 50% in three months. Solana Foundation. This improvement is attributed to improved developer onboarding processes and increased opportunities within the ecosystem.

1/ In 2023, the Solana developer ecosystem made significant advancements in tooling, developer experience, and content quality.

Today, the Solana ecosystem’s open source repositories have more than 2,500 active developers per month, with a developer retention rate of over 50%.https://t.co/XwByL3HSuR🧵 pic.twitter.com/UnglforurA

— Solana (@solana) January 8, 2024

Retention rates are measured by focusing on developers who consistently make at least one commitment over a three-month period. Notably, 400-500 Solana developers graduate from various bootcamps every six months, driving a 500% increase in job listings throughout the year.

GitHub data It was revealed that improved retention rates have resulted in the number of monthly active developers in the Solana ecosystem stabilizing between 2,500 and 3,000 in 2023. The foundation highlights advances in tools for multiple programming languages and additional educational resources as key factors contributing to this positive trend, while acknowledging potential improvements in areas such as testing and debugging.

Solana Ecosystem’s Developer Retention and Global Growth Surge - 1 — Solana’s monthly active developers

The Solana Foundation highlighted the ecosystem’s global growth, citing plans such as SuperteamDAO to expand to eight countries in 2023. The platform’s global reach was highlighted by the diverse participation in the hackathon from more than 150 countries.

Solana ecosystem’s developer retention and global growth surge - 2 — Solana’s number of hackathon submissions

Over the past three years, more than 3,000 projects have been launched and more than $600 million has been raised through hackathons. The recent hackathon Solana Hyperdrive received a record 900 entries.

Solana ecosystem’s developer retention and global growth surge - 3 — Solana’s commit statistics

Notably, the surge in developer activity coincides with a phenomenal year for Solana’s native cryptocurrency, SOL, which saw a 1,000% jump from $10 to $102, making it the best-performing major of 2023 Altcoins. Currently, Solana (SOL) is trading at $101, and amid significant price gains, Solana set new monthly records for new and active addresses in December.