Ethereum (ETH), the second most valuable blockchain network in the world, still dominates the Web3 landscape due to its early start, although other blockchains such as Solana (SOL) are trying to catch up, a new report from venture capital giant Andreessen Horowitz (a16z) has said.
According to a16z, much of Ethereum’s success in the Web 3 space can be attributed to the early start that the network got versus its competitors. Thanks to this, the blockchain now also boasts the highest number of monthly active developers of any blockchain, with nearly 4,000 developers, the report said.
By comparison, Solana came in second with approximately 1,000 monthly active developers, while Bitcoin (BTC), the most valuable blockchain network by far, ranked as the third most popular blockchain among developers with 500 of them active on a monthly basis.
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