Blockchain developers are increasingly moving to Asia due to strict US regulations, causing a decline in the US market share. In 2015, the US held almost half of the global blockchain developer share, but by 2024, this had dropped to 23%. Meanwhile, Asia has become the leading region for blockchain development, with a share of nearly 35% in 2024.
This shift is due to the US government’s crackdown on the industry and the pressure from targeted measures, such as “Operation Chokepoint 2.0” and the closure of major banks. If the US wants to maintain its position in the crypto industry, it needs to create a more friendly regulatory environment to attract developers and investors.
Alternatively, if Donald Trump wins the upcoming presidential election and enacts crypto-friendly policies, the trend may reverse, and the US could regain its attractiveness for developers and investors.
