The share of global crypto developers based in the United States fell 26% from 2018 to 2022, according to a report from venture capital firm Andreessen Horowitz, also known as a16z, in a report titled “State of Crypto 2023,” citing data from Electric. Capital and SimilarWeb to support this information.
reportspecify“Between 2018 and 2022, the proportion of crypto developers in the United States compared to the rest of the world decreased by 26%.”
By percentage of global crypto developers in the US It was near 40% in 2018, but is falling below 30% in 2022, a more than a quarter percentage point drop.
In summary, a16z refers to “Lack of regulatory clarity” as a possible reason for the decline, stating, “There is a lot of debate. But there is little regulatory clarity. which hinders the growth of web3.”
However, a16z also hopes that the United States may regain some of the lost space With several bills proposed in Congress attempting to provide regulatory clarity for crypto assets.
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