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Despite Crypto Downturn, Developers Continue Contributing to Web3 Communities

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Blockchain developers have maintained their contributions to Web3 communities despite the latest market downturn, with Ethereum (ETH) leading the way as the strongest and largest community, according to a recent report by VC investment firm Telstra Ventures.Per the report, blockchains developers’ participation in Web3 communities has largely remained unphased during the recent market meltdown."Blockchain developers’ participation in Web3 communities remains robust, as measured by compound annual growth rates in the number of unique active contributors per project and per ecosystem each month," the report said.Ethereum has maintained its position as the largest and strongest developer community: since mid-2021, the ecosystem has consistently had over 2,200 monthly active contributors.On a four-year basis, Ethereum's contributor community has grown at a 24.9% compound annual growth.

The number of monthly active Ethereum contributors has dropped by around 9% since its peak in November 2021.Solana (SOL), a so-called "Ethereum killer," has also maintained its growth pace but still lags behind Ethereum significantly.

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