Despite the 80 percent correction in the crypto market, blockchain developers are making $130,000 to $180,000 a year. But, the rising salaries of blockchain developers do not necessarily translate to an increase in developer activity in the crypto sector.
Over the past two years, especially at the height of the bull market in late 2017, the crypto industry saw an inflow of talent from the technology and financial space. Some, especially traders at major banks, moved to major cryptocurrency exchanges, often with pay cuts, with the sole intent of being involved in a rapidly growing industry.
While an increasing number of talented workers including traders, developers, and executives are moving into the cryptocurrency sector, the rise in the average blockchain developer salary could have been triggered by many factors other than an increase in developer activity in crypto.