From March 2024 to March 2025, weekly engaged creators in open repositories in the Web3 space dropped by 38.6%, reflecting a decline in developer activity. Experts attribute this to a focus on speculative projects with little real-world value, such as memes. According to Coinpaper, one expert argues that the ecosystem needs to prioritize building practical, user-centered solutions to reignite developer interest and restore blockchain’s sense of purpose as a tech for the future. Source: Coinpaper
