Development Comparison Between Layer 1 Blockchains

The first major aspect to note when comparing the development of, and the tooling for building Web3 applications, is how large the amount available capital is in many Layer 1 blockchain ecosystems. Most recently, Solana raised $314 million, led by a16z and Polychain. This raise was on the heels of Dfinity announcing its $223 million developer ecosystem program. 

Large treasuries from initial token sales are also a major source of funding. The Web3 Foundation owned 30% of Polkadot’s initial DOT token distribution — worth $7.5 billion at current prices. Over time, the token distribution has standardized to something around 1/3rd of tokens to the primary development team, with 10-20% to investors before the public sale, and the rest split between a public sale and ecosystem rewards.