Ethereum developers are poorly paid by more than 50%: report

A new Guild protocol report has shown that Ethereum’s main developers are paid well below industry standards.

The survey collected responses from 111 of 190 members of the guild and discovered that most are earning 50% to 60% less than their peers in similar roles.

Compensation gap

The average salaries for Ethereum developers surveyed reached around $ 140,000, compared to offers averaged $ 300,000 in rival projects. The report also detailed the salary per focus area, with average salaries of $ 130,000 for customer developers, $ 215,000 for researchers and $ 130,000 for coordination roles.

In addition, these collaborators said they do not obtain any assets or exposure of tokens from their employers. The general allocation was $ 0, with only 37% of respondents receiving something. On the other hand, the final stage offers made to their peers in rival organizations in the last year included a medium participation or a 6.5%tokens participation. This covers from assignments at co -founder level from 10% to 30% to the first subsidies of employees from 0.1% to 3%.

The gap has created pressure; Almost 40% of respondents have received external job offers in the last year. In total, 108 in 42 individuals were revealed, with the average package that reaches $ 359,000. Some developers said they had been offered up to $ 700,000 to move to another place.

Close salary disparity

Established in 2022, Protocol Guild has become a life line for such developers. Backed by the “1%commitment” of projects such as Eigenlayer, Ether.fi, Taiko and Puffer, the group has distributed more than $ 33 million since the launch. Vaneck also promised 10% of his ETF spot ETF profits to the initiative in 2023.

In the last 12 months, the average guild member received $ 66,000 through this financing, while the average distribution was $ 74,285. This support represented almost a third of the total annual compensation for many employees, and the average salary increased from $ 140,000 to $ 207,121.

The responses of the survey show how important this additional support has been, with 59% of the participants who qualify the financing of the guild as “very” or “extremely important” for their ability to continue working in Ethereum.

The network has ensured almost $ 1 billion in value, serves millions of users and drives thousands of applications that depend on key updates. Protocol Guild warned that inadequate compensation puts Ethereum at risk by undermining developer retention, decelerating progress in the road map and threatening long -term neutrality.

The group also emphasized that aligning payment with market rates is important to maintain talent in place and guarantee the future growth of the ecosystem.