Nigeria Tops Africa, Secures Sixth Place Globally in Solana Developer Share as SuperteamNG Invests Over $162,000 in Q1
Nigeria has solidified its position as a major player in the global Web3 ecosystem, ranking first in Africa and sixth worldwide in Solana developer share, according to the recently released Q1 Impact Report by SuperteamNG, Nigeria’s leading Web3 community.
The report highlights that Nigerian developers now make up a remarkable 67% of all active Solana builders across Africa. In the first quarter alone, the Nigerian Web3 community attracted over $162,000 in direct capital through grants and bounties, fueling local innovation and economic activity. This influx of funds has supported the growth of Nigerian-made blockchain products, with ecosystem projects such as Evolution surpassing $4 million in Total Value Processed (TVP), and NectarFi recording over $6 million in volume during its beta phase.
“Nigeria is no longer just a consumer of global technology; we are now a growing factory for it,” said Harrison Obiefule, Lead, Solana SuperteamNG. “Ranking first in Africa and sixth in the world by Solana developer share, amidst a challenging local economy, proves that our ‘Internet Capital Markets’ thesis is working. We are seeing a transition where Solana is no longer just an ‘option’ for Nigerian fintechs; it has become the default infrastructure for payments, savings, and global trade. This Q1 performance is a clear signal to the world that the future of decentralised finance is being written in Lagos, Enugu, Abuja, and across 30 Nigerian states.”
The impact extends beyond development, with Nigerian entrepreneurs and fintech companies actively integrating Solana’s capabilities. In Q1, 15 major local products, including Busha, Raenest, and Jeroid, partnered with SuperteamNG to introduce new Solana features, such as stablecoin settlements and SOL-backed loans.
SuperteamNG also expanded its reach to cover 30 states nationwide, hosting 186 events—76 in-person and 110 virtual—to bridge traditional finance (TradFi) and decentralized finance (DeFi). The community’s efforts are complemented by a new 16-week Developer Bootcamp and specialized guilds for writers and designers, ensuring a continuous pipeline of talented Nigerian developers ready to compete on the global stage.
For more information and to download the full report, visit https://q1.superteamng.fun/