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Ethereum Rival Solana Becomes the Top Ecosystem for New Developers After 83% Growth This Year: Electric Capital

Solana (SOL) was the top ecosystem choice this year for new developers, according to a recent report. Researchers at the venture firm Electric Capital note that 39,148 new developers explored the crypto space in 2024. The firm also says that 2024 was the first year since 2016 that any ecosystem besides Ethereum (ETH) ranked first among the new developer cohort, with 7,625 new devs choosing Solana, compared to 6,456 for Ethereum. Solana also leads in terms of decentralized exchange (DEX) usage, capturing 81% of DEX transactions and ranking the highest in terms of the number of unique trading wallets. Base, Coinbase’s Ethereum layer-2 scaling solution, ranked second in unique trading wallets. Ethereum still remains the top ecosystem for development overall, ranking number one across every continent. Solana ranked second. Electric Capital says developer numbers are a “leading indicator of value creation.” “Developers build apps that deliver value...

ConsenSys releases ‘fuzzing’ tool to test smart contract vulnerabilities

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Diligence Fuzzing lets developers introduce random and invalid data points to find security flaws. Blockchain technology firm ConsenSys publicly released its “Diligence Fuzzing” tool for smart contract testing, according to an Aug. 1 announcement. The new tool produces “random and invalid data points” to find vulnerabilities in contract s before they are launched. Over $2.8 billion was lost in decentralized finance hacks in 2022. According to ConsenSys, these losses are leading developers to embrace more sophisticated testing tools to help find vulnerabilities before attackers do. The new tool used to be available in a closed beta version, where developers needed to get approval for access. This approval process is no longer necessary as of Aug. 1. Diligence Fuzzing is also now integrated with smart contract toolkit Foundry and Features a free version for developers who want to test it out before spending any money. Diligence Fuzzing tutorials. Source: Consensys Related: Crypto ...