Managing Partner & Co-Founder at Electric Capital
Developer ecosystems and data-driven investing. Publishes Electric Capital Developer Report.
Come with developer metrics, ecosystem growth, and on-chain data.
Growing developer ecosystems, strong on-chain metrics, data-backed traction
No developer metrics, small ecosystem bets without data
Measuring crypto ecosystem health through monthly active developers as a leading indicator of adoption.
The health of a crypto ecosystem is best measured by its developer activity
“Developer activity is the most reliable leading indicator for crypto growth.”
— Electric Capital Report
“Developer activity is the leading indicator for everything in crypto. Code commits today become products tomorrow.”
— Bankless
“The only metric that matters in crypto is how many developers are building. Everything else follows.”
— Electric Capital Report
Monthly active crypto developers reached 23,000+ despite market downturn, showing sustained builder interest.
Tracking developer activity as the key signal for crypto ecosystem health
Despite the bear market, crypto startup formation remains near all-time highs.
Developer activity is the most reliable leading indicator for crypto ecosystem growth.
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