Web3 active developers have declined by nearly 40% in a year.

Artemis Terminal, an encrypted data and analytics platform, shows that the number of active developers flagged on the open-source repository was 12,380 during the week of March 17, 2024. On March 16 this year, that number dropped to around 7,600, representing a 38.6% drop in weekly active developers over the course of the year.
The number of active developers working in over 1,500 ecosystems is used as an indicator of the overall health of the Web3 ecosystem. Developer activity indicates an increase in innovation and maintenance of protocols, which contributes to long-term sustainability.