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 creating developer-focused scaling solutions, 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 is attributed to a large influx of new developers in 2022.
When asked about the future of blockchain scalability, Arjun predicted the emergence of numerous application-specific rollups that would be integrated into a user-friendly app layer, similar to the seamless shopping experiences on Web2 platforms like Amazon. He highlighted the need for Web3 infrastructure to simplify the user experience in order to attract a wider audience.
Arjun is also the co-founder of Avail, a Web3 data availability and consensus layer, which recently concluded a $27 million seed funding round on February 26. The funding, led by Founders Fund and Dragonfly, will be used to accelerate the unification of Web3 by enhancing the development of Avail’s three core products, 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 decentralized application (DApp) in the cryptocurrency industry.