Blockchain Protocol Job Market Report (Q4/2023)

Blockchain Jobs Europe presents you with the latest report of the Blockchain Protocol Job Market series covering the last quarter of 2023. The year’s concluding edition provides key insights into the changing employment landscape over the quarters in the blockchain (protocol) employment market.

Recap of the Report Methodology:

The objective and methodology of the report have been consistent throughout the series which can be found in depth here. However, here’s a short recap: BlockchainJobsEurope researched and analyzed the Blockchain Protocol Job Market for Q4, 2023. Our research covered approx. 300 public job offerings by 40 leading blockchain development firms for the final quarter of 2023. Some of the noted Web3 firms analyzed under the research are; Ethereum Foundation, Parity Technologies, ConsenSys, IOHK, Dfinity, Ava Labs, Polygon, CasperLabs, and Gnosis. The report aims to update job seekers with the current outlook and trends of the blockchain protocol recruitment segment, as well as shed light on the changes happening within the employment arena.  

Findings of the Report:

Compared to the previous edition of the report, the fourth quarter of the year recorded a considerable rise in the number of jobs being offered by the top 40 blockchain protocol firms. The offerings have increased to 300 in the current quarter compared to fewer than 260 opportunities provided in the preceding quarter. However, the numbers have declined since the inception of the year, with the number of offerings being recorded at 420 and 380 in the first and second quarters, respectively.

Though the number of offerings has changed, the percentage bifurcation between Technical and Non-technical jobs hasn’t shown any significant deviation throughout the year, with technical jobs accounting for 59% of the total hiring needs while non-technical jobs comprising the rest for the last quarter as well. For detailed findings, please read further. 

Most In-Demand Blockchain Technical Roles Q4/2023

[Note: All comparisons are based on the previous quarterly report]

Full-stack development (15%) continues to dominate the list of most in-demand technical roles throughout the year. Core/Protocol Development and Frontend Development continue to retain top spots, reigning at second position, accounting for 12% each of total technical hiring demand. DevOps (10%) makes the fourth name in the list, while the fifth place is taken by a new role type, Data. Data roles, comprising 8% of total technical hiring needs, upstages Backend Development from all previous quarters, indicating a significant surge in demand for Blockchain Data Professionals. The remainder of demand is mostly observed in the following roles: Backend Development, Engineering Management, Smart Contract Development, Quality Assurance / Testing, Cyber Security, Technical Project Management, Research and Mobile.

The list of most-desired technical skills remains consistent throughout all previously reported quarters, with Typescript, Rust, Golang, Solidity, and Node.js still leading the way for being the most sought-after programming languages in the blockchain development industry.

Most In-demand Non-Technical Roles [Q4/2023]

Continuing its reign as the most-preferred blockchain business role, the demand for Marketing professionals increasingly points towards an upside curve, with the role constituting a whopping quarter of the total non-technical demand. The latest noted 25%-demand in marketing is a 9-percentage point increase even over the third quarter, where marketing was already a “high-in-demand” role. The next favoured business role ought to be Product Management, showing an upside of 8 percentage points over the previously recorded 11%. BizDev, Community, and Finance take the third, fourth, and fifth spots, each accounting for 13%, 10%, and 6%, respectively. 

The remaining 27% of profiles are concentrated in Ecosystem/DevRel, Human Resources, Operations, Writing, and Analytics, among others.

Key Blockchain Skill Trends [Q4/2023]

Significant Increase in Demand for Web3 Wallet Engineers: With the crypto market gaining some traction after a relative slowdown, firms are racing ahead to produce visionary and user-friendly web3 wallets. At present, the industry can only boast of a few prominent wallets, implying a dearth of innovative solutions. However, the recent quarter saw a heightened interest among web3 innovators in accelerating greater user participation in DEXes by providing unique wallet options, hence the demand for web3 wallet engineers is on the rise.

Hybrid Positions Gain Traction in the Blockchain Sector: Though remote work has been long preferred in the industry, the trend is slowly shifting to hybrid work options, with employers willing to provide employees with the flexibility of both working remotely and on-site. The hybrid setting seems to be gaining favour among employees too, with many keen on enjoying the benefits of social office life.

Rising Trend in Blockchain Data Offerings: Data roles marked a new entry into the list of the most-coveted blockchain tech. roles. Data professionals can expect a plethora of opportunities in the web3 area, with the demand spanning across Research, Analytics, Machine Learning, Artificial Intelligence, and High-Frequency Trading. 

Continued High Demand for Developer Experience Engineers: Blockchain protocol development firms continue to bet on enhancing the developer experience, to develop platforms sufficiently equipped to independently nudge greater protocol adoption among developers. 

Concluding Thoughts:

The blockchain protocol job market seems to be in recovery mode with the last quarter of the year witnessing an increase in the number of opportunities posted in comparison to the penultimate quarter of the year, (∼300 in Q4 vs. ∼250 in Q3). The industry is also extending to new trends, as mentioned above, enabling people from wider industries to carve their path into the web3 world. With the beginning of 2024, blockchain enthusiasts can expect overall positive momentum in the blockchain employment arena.