According to TheBlock data, cryptographic developer activity on Ethereum ETH 0.22% and non-EVM-compatible chains will drop significantly in 2022. Among them, non-EVM chains saw the largest decline in weekly active developers.
Activity on Ethereum and EVM-compatible chains has also declined, but Ethereum itself maintains a significant share.
It is reported that developer activity is an important data used to measure the health of the blockchain ecosystem; it can usually reflect the overall on-chain activity and price situation. When money is withdrawn from the ecosystem, there is less money available to fund new projects and developers.
According to Gokustats, the number of contracts deployed on the L2 platform Arbitrum saw a significant increase in the fourth quarter despite a significant decline in activity on EVM and non-EVM chains. Possibly due to speculation and enthusiasm for the Arbitrum token airdrop, on-chain transaction costs spiked in late June, with daily transaction volume surging to new all-time highs.
