The Solana ecosystem achieved a milestone by boosting its developer retention rate from 31% to over 50% in just three months in 2023.
The Solana Foundation attributes growth to improved onboarding processes and broadening opportunities within the ecosystem.
This development has cultivated a vibrant community, evidenced by the more than 2,500 developers actively participating in open-source projects every month.
A closer look at the factors contributing to this surge reveals an emphasis on education and employment.
Approximately 400-500 developers emerged from various Solana boot camps every six months, leading to a 500% rise in job listings across the ecosystem.
This growth in the developer community was further supported by improvements in tooling across several programming languages and a boost in educational resources.
However, the foundation also recognized the need for further advancements in testing and debugging.
![Solana’s monthly active developers in 2023](https://www.cryptotimes.io/wp-content/uploads/2024/02/0e640597eaeddb8f73e73bf3b915b244-600x338.png)
SOL, the native cryptocurrency of Solana, saw an increase in its market value, soaring by 1,000% from $10 to $102 in 2023. This remarkable surge positioned SOL as the highest-performing major altcoin of the year.
Solana (SOL) is currently trading at $101, with the platform setting new records for monthly active and new addresses, especially in December, amid a significant price rally.Â
This financial uptick aligns with the ecosystem’s expanding global presence, highlighted by diverse hackathon participation across over 150 countries and SuperteamDAO’s expansion to eight countries.
Also Read: Solana Ecosystem Plummets 98% from $10.17 Billion after FTX CrashÂ