cryptojournalist
Crypto development and investment are seeing a significant boom, with a recent study revealing some striking numbers. Researchers looked into over 200 million updates on crypto-related projects across 350,000 GitHub repositories. By analyzing data from more than 110,000 developer wallets, which include self-reported locations, they could track where much of this development activity is concentrated.
Asia, in particular, is witnessing a surge in crypto adoption and institutional interest. South Korea stands out, where the number of crypto investors jumped by 21% in just the first half of 2024. This sharp increase in investors contributed to massive financial gains for the country’s leading centralized exchanges, or CEXs, which are platforms for trading digital assets. In fact, the top 21 exchanges in South Korea saw a year-on-year profit increase of 106%, pushing total profits to an impressive $4.2 billion. This rise shows that interest in crypto, both from developers and investors, is only getting stronger across the globe.
