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The Market Demand

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Last updated 22 days ago

The demand for smart contracts, AI agents, and decentralized applications is growing exponentially across chains. As core components of on-chain infrastructure, they are driving a new era of intelligent, scalable, and user-centric Web3 applications.

As of December 2024, incomplete statistics indicate that more than one billion smart contracts have been cumulatively deployed on EVM-compatible chains.

Over the past year, the well-known meme token launch platform Pump.fun on Solana has deployed more than 7.1 million token contracts.

The global AI agent market is experiencing rapid growth. According to Cognitive Market Research, the market size surpassed USD 6.24 billion in 2024 and is projected to reach USD 52.1 billion by 2033, growing at a CAGR of 26.2%.

The global decentralized application (DApp) market is experiencing significant growth. According to Verified Market Reports, the market size was valued at USD 10.45 billion in 2024 and is projected to reach USD 67.30 billion by 2033, growing at a CAGR of 25.1%. In particular, AI-powered DApps are showing strong momentum, with rapidly increasing adoption across sectors.

Web3 Developer Resources are Becoming Increasingly Scarce

According to McKinsey’s 2024 Technology Trends Outlook, the shortage of Web3 developers is growing more acute due to several factors:

Web3 technologies (including decentralized applications, blockchain, and smart contracts) are evolving faster than traditional tech. However, developer training and supply have not kept pace with the surging demand—leading to a severe shortage of specialized talent in the Web3 domain.

Web3 development demands highly specialized skills such as smart contract programming (e.g., Solidity), blockchain architecture design, and implementing decentralized protocols. These competencies require substantial learning and hands-on practice, making qualified developers a limited resource.

Despite a challenging global economic climate, corporate investment in Web3 remains robust. As companies deepen their exploration and application of Web3 technologies, the need for developers continues to climb. McKinsey’s research shows that job postings for Web3 positions have significantly increased, yet finding suitable candidates remains difficult.