Attracting developers to build blockchain infrastructure is crucial for the widespread adoption 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 developing scaling solutions focused on developers, such as layer-2 rollups, to advance decentralized applications (DApps) on the blockchain.
According to a report by Electric Capital on January 17, the number of average monthly active developers decreased by 24% to 22,411 in 2023 compared to the previous year. This decline was attributed to the influx of new developers in 2022.
Arjun shared his perspective on the future of blockchain scalability, envisioning a scenario where numerous application-specific rollups are consolidated under a user-friendly app layer, similar to the seamless online shopping experiences offered by Web2 platforms like Amazon. He emphasized the need for Web3 infrastructure to simplify user experience in order to attract more mainstream users.
Arjun is also involved in Avail, a Web3 data availability and consensus layer. The company recently closed a $27 million seed funding round on February 26, with leading investments from Founders Fund and Dragonfly. The funds will be utilized to accelerate the unification of Web3 through the development of Avail’s three core products, referred to 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 decentralized application (DApp) in the crypto industry.