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Blockchain developer activity has dropped 40% in a year: https://www.linkedin.com/pulse/decline-blockchain-developer-activity-hashtagweb3-tnquc

AI raised $20B in Q1 2025, crypto got just $861M.

Builders are leaving, citing hype, low usage, and poor incentives. Without them, innovation stalls and risks grow. Decline in Blockchain Developer Activity
 
 
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