Blockchain Developer Salaries in the US vs Europe vs Asia

Blockchain has revolutionized financial technologies, healthcare, and cybersecurity. However, these aren’t all the industries blockchain technology can be used in. In response to its wider adoption and ongoing governmental recognition, the demand for skilled blockchain developers is growing, and their salaries are rising too. More and more companies are looking for blockchain engineers, while we, at Bridge, are committed to connecting top-tier tech talent to growing companies worldwide. 

Having a wealth of experience in sourcing the most demanded technical specialists for companies from different domains, in this article, we would like to share with you how the salaries of blockchain developers differ depending on their location and discuss why their salary expectations will continue to go up. So, let’s find out how much it costs to hire a blockchain developer in the US, Europe, and Asia in 2023. 

Reasons why hiring a blockchain developer now is a good idea 

Here are some major reasons why you should consider acquiring blockchain developers now instead of taking your time. 

• Tap into a new and rapidly growing industry. The global blockchain market is projected to grow from $7,18 billion in 2022 to $163.83 billion by 2029. As the adoption of blockchain continues to grow, the demand for these specialists will only increase in the future.
• Blockchain offers strong business benefits. Apart from enhanced security and better transparency, blockchain technology can help enhance efficiency and reduce transaction processing times. So, when you’re looking to streamline your business operations and improve your bottom line, consider adding blockchain developers to your team. 
• Blockchain development talent gap will grow along with the demand. According to Gartner, 64% of companies consider lack of talent the biggest barrier to adopting emerging technologies, including blockchain. At the same time, the demand for blockchain skills increased by 552% in 2022. These skills will also be in the highest demand in 2023 and onward, according to Forbes. 
• Blockchain developers’ salary is already high, and it will only grow. The average blockchain developer’s salary is $120,000 per year in the US, while the top-paid specialists can earn more than twice more ($250,000 annually). Given the unprecedented demand for blockchain programming specialists, it would be safe to project that their salary range will grow too. 

Now, let’s overview the blockchain developer’s salary levels in different locations so that you can get a better idea of how much it costs to hire them and decide on the most promising destinations for hiring talent. 

How much does it cost to hire blockchain developers in different countries? 

The cost of hiring blockchain engineers varies depending on their whereabouts. Below is a detailed look at the average blockchain developer salary in the US, Europe, and Asia. 

Blockchain developer salary in the US

The United States is home to Silicon Valley-caliber software developers, including blockchain developers. This destination is also known for paying the highest wages to software engineers. As we mentioned previously, the average salary for a blockchain developer in the US is $90,000 to $120,000 per year, which makes them some of the highest-paid tech specialists both in the US and worldwide. 

The average blockchain developer salary in the US by seniority

Blockchain specialists have different salary expectations depending on their seniority level. The chart below compares a blockchain developer’s salary of entry-level with those of Middle and Senior levels. 

Blockchain programmers’ wages in different US states

Though it is possible to come up with a labor market average, the pay scale for blockchain developers is not the same across different states in the US. Here’s a look at blockchain dev wage ranges depending on the state they live and work in. 

Summing up the charts above, it would be safe to say that blockchain developers are among the top earners in the US tech market. Fortunately, this is not the only place to hire them, so let’s discover how much they earn in other parts of the globe. 

Blockchain developer salary in Europe

The European blockchain market grows rapidly. It is expected that it will rise at an estimated CAGR of 73.8% from 2021 to 2028, so the salary of blockchain programmers is also unlikely to drop. Now, let’s take a look at the current level of their wages in European countries with a strong tech market. 

Blockchain developer salary in Asia

In addition to the US and Europe, Asia is another promising destination to hire blockchain developers. This is also the region with the biggest salary gap for blockchain programmers since most Asian countries are at significantly different levels of economic and technological development. 

Why is the blockchain developer salary gap so significant around the world? 

So, as we can see, the cost to hire blockchain developers varies from around $1000 in India to approximately $13,000 per month in some US states. But why is the salary gap so huge? There are several trends that shape the blockchain industry and the corresponding labor market, making an impact on the developer’s wage range. 

First, the US has the highest demand for software developers, including but not limited to those skilled with blockchain. At the same time, the latter is in the shortest supply — there are only 7200 US-based blockchain developers on LinkedIn. So there is no surprise that companies are competing for them fiercely, offering the highest salaries possible. 

The US also has one of the highest standards of living in the world, along with Denmark and Japan (the countries where blockchain developers’ salary is also pretty high). In addition, the US has a culture of entrepreneurship and innovation, so local software developers expect not only a high salary but also recognition of their talent. 

How to Communicate With IT Candidates From Different Countries

At the same time, the candidates from Europe and Asia also have their specific expectations, including salary, insurance, benefits package, and so on. But apart from that, you also have to keep different cultural traits in mind when starting a hiring campaign on a global scale. At Bridge, we know how to do it right. 

Hire blockchain developers with Bridge

If you have been struggling with hiring blockchain developers globally, you’ve come to the right place to do it with ease. At our tech talent sourcing company, we have a diverse team of local recruiters who have a deep understanding of specific labor markets and the country’s culture. Our professionals reach out and communicate to candidates in their native language, making sure that there are no misunderstandings that the candidate would fit your project perfectly. 

In addition to our personalized approach, we use a data-driven tech talent sourcing engine that allows for finding the best-fit candidates in a 900k-wide pool. Our proprietary data analysis technology allows us to find the first candidates within five days, making the process of tech talent sourcing 60% cheaper. As a result, you get qualified and pre-vetted candidates from a chosen location so the only task remaining is to interview, hire and onboard them.

Hire top-notch blockchain developers with our sourcing-as-a-service. Contact us now to get started!