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Solidity and Rust developers are drawing higher wages and richer token rewards

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Solidity and Rust developers are drawing higher wages and richer token rewards 1
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Solidity and Rust developers are drawing higher wages and richer token rewards

by Tim Copeland
Solidity and Rust developers are drawing higher wages and richer token rewards 3
Quick Takes
  • The demand for good crypto developers ramped up over the last year but many are locked into current jobs.
  • As a result, companies are offering more lucrative token rewards to lure them away.
Crypto developers who can code in programming languages Solidity and Rust have seen salaries and token rewards rise rapidly over the last year, thanks to increasing demand and a small talent pool.

Shaun Potts, the founder of crypto-focused hiring agency Plexus Resource Solutions, says that through the bear market in 2018, 2019, it was possible to find a decent developer who could work with Solidity, the language used by Ethereum, for salaries between $100,000 to $120,000. But since the beginning of Q3, 2020, it has been a totally different story.

“We’ve seen demand for Solidity developers go through the roof. We’re placing junior developers on $140-150,000, senior anything from $150-250,000 but with really decent token upsides as well,” says Potts.

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From the Dashboard
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Despite Ethereum’s continued dominance, with an NFT trading volume share of 77.2% as of this writing, Solana-based marketplaces have increasingly been absorbing trading volume and certainly aim to supersede the incumbent, consolidating their position as Ethereum’s heir apparent by boosting their trading volume share from 5.2% to 22.4% over the last month. 
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