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Where Have Crypto's Builders Gone?

Crypto is losing developers. The problem goes beyond AI development sexiness.
Where Have Crypto's Builders Gone?
Nick Shaheen Nick Shaheen
Apr 9, 2025 • 4 min read
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While Crypto's prices are beginning to see some relief today after a sudden reversal in Trump's tariff plans, it's no secret that the industry is facing some headwinds despite the recent regulatory love fest.

Namely, the space is struggling to retain its builder talent.

This conversation has been bubbling up for months but saw renewed attention this week following this tweet thread, which highlighted a concerning developer activity chart sourced from Artemis & Electric Capital.

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Nick Shaheen

Written by Nick Shaheen

17 Articles • View all      

Nick is the Director of BD and the co-host of Apps no Entrees at Bankless. Prior to joining in 2023, he was the 1st employee at an NFT social startup called Sintra. Prior to that, he handled American Express' sports partnerships, worked on Microsoft's gaming events, founded a content production studio, and got his MBA at the University of Massachusetts, Amherst.

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