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Maria Shen, partner at Electric Capital, unpacks the venture firm\u2019s latest Developer Report. Hotly anticipated among crypto observers, the annual report captures which chains developers are building on. Despite 2022\u2019s price carnage, the report finds developer interest remains strong. Ethereum is the leading chain by far but EVM-compatibility is emerging as a major force in winning developers\u2019 hearts and minds. Shen unpacks Bitcoin\u2019s stability, Terra\u2019s implosion, and many more insights from crypto\u2019s open-source code repos.\n\nShow highlights:\n\nwhy the report "undercounts" developers and how it defines active developers\n\nhow developers represent a fundamental measure of the health of emerging technologies like crypto\n\nthe meaning of developer numbers going up even when prices plummet\n\nwhy in recent years the speed of developer growth jumped so drastically\n\nwhat happened after the number of developers reached an all-time high in June 2022\n\nthe role of Terra in the decline of developer activity in 2022\u2019s second half\n\nwhy Ethereum dominates the ecosystem and whether it will continue to be the leader\n\nthe benefits of being part of \u201cthe EVM universe\u201d\n\nwhy the number of Bitcoin developers has remained flat over the last year\n\nwhether looking at the number of developers in the NFT ecosystem is even relevant\n\n\nThank you to our sponsors!\nCrypto.com\n\nGuest\nMaria Shen:\nTwitter\n\nElectric Capital Developer Report\n\nFull report\n\nMaria\u2019s 2022 thread\n\n\n2021 report\n\n2020 report\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices