Solana vs. Ethereum Salary Comparison - Jan 2023

Why are Solana developers getting paid 10% more compared to Ethereum developers?

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Ethereum and Solana are two popular platforms for building decentralized applications (DApps). Both platforms have their own unique features and are popular among developers for creating DApps. In this article, we will compare the salaries of Ethereum and Solana developers and discuss some of the factors that may influence their salaries.

Ethereum is the world's largest decentralized platform for building DApps and is based on the Solidity programming language. It was created in 2015 by Vitalik Buterin and has since become the go-to platform for building decentralized applications. Ethereum developers are in high demand due to the popularity of the platform and the increasing adoption of blockchain technology.

Solana is a fast, scalable, and secure blockchain platform for building DApps. It was founded in 2017 by Anatoly Yakovenko and has quickly gained popularity among developers for its high transaction speeds and low fees. Solana developers are also in high demand due to the growing popularity of the platform and the increasing adoption of blockchain technology.

There are several factors that can influence the salaries of Ethereum and Solana developers. These include the demand for developers with specific skills, the location of the job, the size and reputation of the company, and the level of experience of the developer. Developers with advanced skills in Solidity or Rust may command higher salaries than those with less specialized skills. Similarly, developers working for large, well-known companies may have higher salaries than those working for smaller firms.

Salaries for blockchain developers, particularly those working on the Solana and Ethereum chains, have been on the rise in recent years. This trend is largely due to the increasing demand for skilled developers in the rapidly growing web3 industry.

The average salary for a Solana developer is $118k per year. This is significantly higher than the average salary for an Ethereum developer, which is $108k per year.

Solana vs Ethereum salary by job role

Solana Designer has the highest average salary $125k per year, with a minimum base salary of $90k and a maximum of $220k.

Ethereum Java Developer has the lowest average salary $71k per year, with a minimum base salary of $26k and a maximum of $200k.



Position Ethereum Salary Solana Salary Difference

Designer

$120k

$125k

+4.2%

DevOps

$87k

$125k

+42.9%

Rust Developer

$100k

$120k

+20.0%

Smart Contract Developer

$109k

$120k

+9.6%

Sales

$43k

$110k

+153.5%

JavaScript

$98k

$100k

+2.3%

Blockchain Developer

$80k

$100k

+24.7%

Full Stack Developer

$100k

$100k

0.0%

React Developer

$100k

$100k

0.0%

Marketing Specialist

$60k

$95k

+58.3%

Front End Developer

$95k

$90k

-5.3%

QA Engineer

$80k

$85k

+6.3%

Java Developer

$71k

$80k

+12.1%

A Solana developer should have strong skills in programming, particularly in languages such as Rust which are commonly used in the Solana ecosystem. They should also have a solid understanding of network protocols. Rust language has a steeper learning curve.

The salaries can vary depending on a number of factors such as experience, location, and specific job role, so let's look closely at each of these cohorts.


Ethereum has 4 times more jobs compared to Solana

Ethereum is a more established and widely-used platform, which means that there may be more opportunities for developers who are skilled in building on this platform. Additionally, the development of Ethereum 2.0 and the growth of DeFi and NFTs have likely increased the demand for Ethereum developers. There are alsmost 4 times more Ethereum jobs available on the market compared to Solana jobs in 2022.

In contrast, Solana is a relatively new web3 platform, so there are fewer job opportunities available for developers who are skilled in building on this platform.

Ethereum Jobs Solana Jobs

4,586

1,272

How many Solana and Ethereum jobs are there?

Check how many new Solana and Ethereum jobs are posted per month in Dec 2021 - Jan 2023:

Month Ethereum Jobs Solana Jobs Coefficient

Dec 2021

459

112

4.1x

Jan 2022

303

129

2.3x

Feb 2022

393

87

4.5x

Mar 2022

384

121

3.2x

Apr 2022

387

82

4.7x

May 2022

358

100

3.6x

Jun 2022

230

91

2.5x

Jul 2022

160

85

1.9x

Aug 2022

190

116

1.6x

Sep 2022

249

98

2.5x

Oct 2022

244

67

3.6x

Nov 2022

201

53

3.8x

Dec 2022

161

25

6.4x

Jan 2023

121

32

3.8x


Solana vs Ethereum salary by seniority

Solana Senior Developer has the highest average salary $140k per year, with a minimum base salary of $60k and a maximum of $300k.

Solana Senior Developer has the highest average salary $140k per year, with a minimum base salary of $60k and a maximum of $300k.



Position Ethereum Salary Solana Salary Difference

Senior

$120k

$140k

+16.7%

Executive

$104k

$120k

+15.4%

Cto

$120k

$110k

-8.3%

Lead

$114k

$100k

-12.3%

Junior

$40k

$69k

+74.0%

Intern

$29k

$8k

-72.0%

Solana vs Ethereum salary by location

Solana Developer in North America has the highest average salary $120k per year, with a minimum base salary of $80k and a maximum of $220k.

Ethereum Developer in Europe has the lowest average salary $72k per year, with a minimum base salary of $37k and a maximum of $150k.



Position Ethereum Salary Solana Salary Difference

North America

$120k

$120k

0.0%

Remote

$103k

$110k

+6.8%

Asia

$60k

$74k

+23.3%

Europe

$72k

$70k

-2.8%


Conclusion


Overall, the higher salary of Solana developers compared to Ethereum developers can be attributed to the greater demand, complexity, and specialized skills required to work on the Solana platform.

As the use of blockchain technology continues to grow, it is likely that the demand for Solana developers will remain strong, leading to even higher salaries in the future.

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