Median Web3 developer wage stands at $128K in 2023

Home » Median Web3 developer wage stands at $128K in 2023
Median Web3 developer wage stands at $128K in 2023

A typical Web3 developer has a median wage of $128,000 in 2023.

In accordance with a latest survey by Pantera Capital, the best Web3 engineer salaries have been reported in North America at $166,610, adopted by $102,226 in Europe, Center East and Africa, $90,559 in Latin America, and $75,000 within the Asia Pacific Area. The survey featured over 1,600 respondents throughout 77 nations; 40.1% of respondents labored within the decentralized finance (DeFi) sector, adopted by centralized finance (26.1%) and blockchain infrastructure (15.2%). 

Lower than 2% of builders surveyed mentioned they labored in a bodily workplace house full-time, whereas 10.6% mentioned they labored in a hybrid in-person/distant work surroundings. The remaining 87.8% mentioned their work was fully-remote.

Within the U.S., junior and intermediate-level Web3 developer salaries fell by 4-8% throughout the previous 12 months to between $110,000-$150,000. In the meantime, compensation for senior-level builders grew by 1.5% to $192,585 throughout the identical interval.

Comparable wage ranges have been reported for finance, enterprise growth, and product operations positions. Salaries for Web3 advertising and operations specialists have been among the many lowest, with lower than $66,000 for junior positions in such roles. As for Web3 executives, beginning salaries within the U.S. vary from $147,363 for seed startups to $335,400 for corporations past Sequence C funding. Ninety-seven p.c of all respondents have been paid in fiat currencies, with the rest electing to obtain their salaries in crypto.

U.S. Web3 engineer salaries by seniority | Supply: Pantera Capital

On prime of standard remuneration, one in 5 people surveyed mentioned they obtained a token incentive bundle averaging $50,000 from seed corporations to $130,000 for Sequence C+ corporations. Such token incentives usually have a vesting schedule lasting over 4 years. The Pantera knowledge can be up to date each six months, the agency says.

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