Summary

• The U.S. share of blockchain developers decreased from 40% in 2017 to 29% in 2022.
• Emerging markets like India are capturing the share away from the U.S.
• Regulatory crackdown on centralized exchanges and other crypto participants is threatening market dominance of the U.S.

U.S. Blockchain Developer Share Decrease

According to an analysis by Developer Report, the U.S.’s share of blockchain developers has decreased from 40% in 2017 to 29% in 2022, corresponding to about 2% drop every year. The ongoing crackdown by regulators on centralized exchanges and other crypto participants has left the U.S. crypto sector in a state of trepidation, threatening its market dominance that it has enjoyed over the last few years.

Emerging Markets Capturing Share Away From U.S.

Despite this decline, overall growth in development activity was encouraging with number of developers jumping almost by four times during this period as well. European nations combined accounted for 29% while Asia was home to 13%. India’s lucrativeness as a growing market for blockchain development was evidenced by data showing how it is eating into the share of the U.S., with its developer share steadily increasing from 2% in 2017 to 6% in 2022 – a more consistent growth trajectory than other regions showed at this time as well. Data from Europe also revealed an interesting development, with Ukraine’s share increasing from 4%-6%.

Ripple Labs CEO Concerned About SEC Stance

Recently there were reports that Coinbase was considering setting up a trading platform outside the US due to concerns of enforcement action on US‘ largest crypto exchange – furthering worries that US may not be as inviting towards blockchain development and cryptos anymore as it once used to be before regulatory crackdowns began occurring more frequently here recently than before.. Brad Garlinghouse, Ripple Labs‘ CEO said that because of such hawkish stances by SEC, crypto industry has already moved overseas which may dent prospects for US being attractive destination for blockchain development & cryptos again anytime soon .

Conclusion
Overall , due to regulatory scrutiny over centralized exchanges & other players , US‘ blockchain devloper share is slipping away and emerging markets like India are taking advantage . This could mean long term losses for US‘ existing market dominance and decreasing interest amongst developers .