The “memecoin frenzy” in Solana makes Rust devs more necessary

• According to the CEO of CryptoJobsList, Rust is also growing in popularity as a programming language for blockchain companies creating “performant distributed systems.”

Rust coders are in more demand as a result of the Solana memecoin craze that started in the first half of 2024, according to the CEO of a cryptocurrency jobs platform.

According to CoinGecko data, the total market size of Solana memecoins is currently $6.28 billion, which is substantially higher than the $1.2 billion memecoin market cap of Ethereum layer 2 Base.

Since the debut of the Solana blockchain in March 2020, Rust has begun to draw some attention away from Ethereum’s Solidity as a programming language for creating smart contracts.

Solidity has 45 open positions, whereas Rust has 99 according to CryptoJobsList.

According to Shalupau, in the previous three months alone, we have seen 32 positions related to the Rust programming language.

Thanks in part to the rise of Rust roles, 564 crypto jobs reached a 12-month high in July and were posted on CryptoJobsList, up 109% from the previous month.

Budgets are still extremely tight, therefore those who have retained their positions during the bad market will receive many offers that are between 30 and 50 percent higher than their present pay, according to Gibson.

According to wage data from CryptoJobsList, the average cryptocurrency worker makes $88,000, while the top 10% of earners make $165,000.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.