electriccapital

Polygon, one of the most #CorePCESignalsShift important $DOGE projects #USUALBullRun of ElectricCapital's $XRP 6th annual #BTCNextMove developer $BTC report, is #USJoblessClaimsFall positioned not only as a network but as a global innovation center. Its leadership in critical regions such as Asia and South America, its rapid growth in the developer ecosystem and its success in multi-chain projects, Polygon's It further increases its importance in the crypto world.
Actually, the @0xPolygon 's ranking according to this report did not surprise me much as a social miner. Because starting from Sandeep Nailway, this amazing team is working to perfect layer2 by dedicating themselves to mass adoption of blockchain work.
The #ElectricCapital report, which left its mark on 2024, analyzes developer activities in the crypto world in detail, while also revealing what kind of a leap Polygon has made on a global scale. Here are the key elements that shape Polygon's success and important points that shed light on the future of this ecosystem:

Polygon: A Strong Position in Asia and South America

Polygon has become a prominent network among developer communities in Asia and South America. The report highlights that Polygon is the number one network with the most developers in Asia. This, combined with Asia's rapid adoption of technology and the role of its large population in crypto adoption, has positioned Polygon as a leader in this region. Being among the top three in South America shows the ecosystem's capacity to appeal to users and developers in different geographies.

Polygon's success in these regions lies behind key factors such as low transaction costs, scalability and user-friendly tools. In particular, Polygon has become an attractive option for individual developers and small-scale startups adopting crypto in these regions.

Growth in Number of Developers: +1000 New Developers

The year 2024 saw a tremendous increase in the number of developers for Polygon. According to the Electric Capital report, more than 1,000 new developers joined the ecosystem this year. This shows that Polygon is constantly developing innovative technologies and building a strong community.
This growth in the developer ecosystem has been driven by open source projects, hackathons, and a strong support infrastructure. Polygon has also managed to attract more developers to its network by offering developers a structure that they can easily adapt to.

Multi-Chain Developer Structure

The crypto world is increasingly becoming a multi-chain structure, and developers are now working on more than one blockchain. Polygon is at the center of this trend. The report notes that developers run projects across multiple networks, not just a single one, and Polygon is one of the platforms that best responds to this flexibility.
Polygon simplifies the development of multi-chain projects by increasing its interoperability with other blockchains. This not only brings a broader developer community into the ecosystem, but also makes Polygon the network of choice globally.

Top Three in Innovation

Polygon stands out not only with its scalability and transaction speed, but also with its investments in innovative technologies. The report highlights Polygon's top three innovation rankings.
This success can be explained by investments in advanced solutions such as ZK-rollup technology. Polygon also stands out with corporate collaborations and innovative projects in the field of decentralized finance (DeFi). Applications developed in areas such as NFTs, gaming and metaverse once again reveal Polygon's innovation-oriented approach.

The Electric Capital report shows that Polygon is positioned not just as a network but as a global innovation hub. In this sense, Polygon's future looks quite bright. Its leadership in critical regions such as Asia and South America, its rapid growth in the developer ecosystem and its success in multi-chain projects further increases Polygon's importance in the crypto world.

In the coming years, Polygon is expected to continue attracting more developers to its ecosystem and strengthening its leadership in innovation. This success story stands out as a strong example of how to create an ecosystem in the crypto world.

Shares of 180 Life Sciences Corp., now rebranding as ETHZilla, jumped over 200% on Tuesday. The stock rose from $3.34 to $10.24, adding about $1 billion to the company’s value. The surge happened after a filing showed that Peter Thiel’s investment groups bought a 7.5% stake in the company.
ETHZilla also revealed it owns 82,186 ether (ETH), bought at an average price of $3,806.71. That stash is now worth around $349 million. On top of that, the company still has $238 million in cash, thanks to two recent fundraisers totaling $581 million.
ETHZilla plans to stake its ether (lock it up to earn rewards) through a deal with Electric Capital. This move turns the company into a way for big investors to get exposure to Ethereum through the stock market.
The company used to focus on developing drugs for inflammatory diseases, but now it’s shifting fully into crypto and Ethereum—just as ether trades near $4,500, its highest price since 2021.
#ETHZilla
#PeterThiel
#Ethereum
#ElectricCapital
#NASDAQ

Summary
Developers are leading indicators of value creation; applications developed by developers can provide value to users, killer applications attract customers, and new customers bring more developers. Since cryptocurrency is open-source, we have unprecedented ability to measure the flywheel of developer value creation in this rapidly evolving industry.
We analyzed 902 million code commits across 1.7 million repositories to create the 2024 Developer Report.
Since 2019, the community contributing to this report has grown 24 times, with 339 contributors in 2024. A total of 829 people have contributed since the report's inception.