news 
Title: Crypto Developer Activity at Record Low Since 2018: AI and VC Funding Drop-off Likely Causes
April 12, 2025 – Over the past week, the cryptocurrency market has been experiencing a significant downturn. The price of Ethereum (ETH) has dropped to levels not seen since 2021. This is accompanied by an alarming trend in crypto developer activity, which has reached its lowest point since 2018.
According to recent data, the number of developers working on blockchain projects has plummeted, suggesting that the current bear market may be more severe than previously thought. Miles Deutscher, a prominent figure in the cryptocurrency space, took to Twitter to share this concerning information, attributing the decline to AI stealing developers from crypto, declining venture capital (VC) funding, and widespread disappointment in technology that failed to deliver its promises.
Historically, even during the 2022 bear market, developer activity has remained relatively strong. This drastic drop raises concerns about the sustainability of the blockchain industry as a whole. Despite these challenges, there are still opportunities for top-notch developers to engage with projects focused on the intersection of blockchain and AI, as well as those centered around decentralized finance (DeFi) and stablecoins.
As investors wait for the market to recover, it is essential to recognize that this downward trend in developer activity will likely have a long-lasting impact.
Source: https://u.today/ether-price-at-1600-again-what-changed-in-four-years
