Despite a decline across the entire crypto ecosystem, with weekly commits dropping from approximately 870,900 in March 2023 to 217,500 in February, Ethereum and Solana remain leading in developer activity with weekly commits of 31,620 and 7,056 respectively. Over the past three months, both networks have experienced significant declines in commit counts and active developer numbers. Analysts point out that the bear market continues, and CryptoQuant's Julio Moreno predicts that if this trend persists, Ethereum's price could fall to $1,500 by the end of Q3 or early Q4.

ETH-0.14%
SOL-0.45%
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