Attracting developers to build blockchain infrastructure is crucial for the widespread adoption and scalability of blockchain applications, according to Anurag Arjun, the founder of Avail and co-founder of Polygon. In an exclusive interview with Cointelegraph on March 7, Arjun emphasized the importance of creating developer-focused scaling solutions, such as layer-2 rollups, to advance decentralized applications (DApps) on the blockchain.
A report by Electric Capital on January 17 revealed that the number of average monthly active developers in 2023 had decreased by 24% to 22,411 compared to the previous year. This decline was attributed to the influx of new developers in 2022. Arjun commented on the future of blockchain scalability, stating his expectation of seeing numerous application-specific rollups that would be consolidated under a user-friendly app layer, similar to the seamless shopping experiences of Web2 platforms like Amazon.
Arjun, who is also the co-founder of Avail, a Web3 data availability and consensus layer, recently secured $27 million in seed funding in a round led by Founders Fund and Dragonfly on February 26. The funds will be utilized to accelerate the integration of Web3 by enhancing the development of Avail’s three core products, collectively known as the “Avail Trinity”: the data availability layer, the nexus unification layer, and the fusion security layer.
In related news, Ethena has become the highest-earning DApp in the cryptocurrency industry.