In 2022, Web3 lost roughly 24,000 monthly active developers from its peak. By late 2023, that number stabilized near 22,000. The builders who stayed are now shipping the infrastructure the next cycle will run on.
→ Developer count dropped 22% from 2021 highs, yet commits to core protocols rose 15% year over year. Fewer people doing more meaningful work.
→ Infrastructure funding held up better than consumer apps. In 2023, infra projects captured 68% of all Web3 venture dollars while NFT and gaming deals fell 70%+.
→ Layer 2 transactions crossed 100 million monthly by early 2024. That throughput was built during the quietest market in years.
→ Bear markets force discipline. Teams stop chasing narratives and start fixing gas costs, latency, and security. Those fixes compound when volume returns.
The 2021 cycle ran on hype. The next one runs on what developers built when nobody was watching. Pay attention to commit history, not price charts.
Which coin are you watching?
#CryptoTips #TradingTips #CryptoTrading #Crypto #Bitcoin
📱 Follow @PoorCryptoMan
→ Developer count dropped 22% from 2021 highs, yet commits to core protocols rose 15% year over year. Fewer people doing more meaningful work.
→ Infrastructure funding held up better than consumer apps. In 2023, infra projects captured 68% of all Web3 venture dollars while NFT and gaming deals fell 70%+.
→ Layer 2 transactions crossed 100 million monthly by early 2024. That throughput was built during the quietest market in years.
→ Bear markets force discipline. Teams stop chasing narratives and start fixing gas costs, latency, and security. Those fixes compound when volume returns.
The 2021 cycle ran on hype. The next one runs on what developers built when nobody was watching. Pay attention to commit history, not price charts.
Which coin are you watching?
#CryptoTips #TradingTips #CryptoTrading #Crypto #Bitcoin
📱 Follow @PoorCryptoMan