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Active Crypto Developers Decreased Nearly 60% in 2022

by Sage D. Young, Bradley Keoun
December 16, 2022
in Cryptocurrency
Reading Time: 1 min read
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The decline has come as ether, the token of the Ethereum blockchains, and other cryptocurrencies have plummeted from record highs little more than a year ago. ETH was recently trading at about $1,300, down 64% from the start of the year when the second largest crypto by market capitalization was still hovering near $4,000. The number of projects built on the Ethereum platform over this period has plummeted as some projects have failed and increasingly risk averse investors have deployed their money at a slower rate than during 2021’s bull market.



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