Crypto Job Market Boomed in 2024, Despite Q4 Hiring Slowdown – Dragonfly Capital

In a February 25 X thread, Skelly revealed that companies in his firm’s portfolio added 788 jobs in Q4 2024, a sharp rise from 436 in Q4 2023. He highlighted legal, compliance, and recruiting roles as the fastest-growing categories, as firms prepared for regulatory shifts and global expansion.

Despite the strong year-over-year growth, Skelly noted that Q4 hiring slowed across most categories, with technical program management being the exception. He described this as a “standard seasonal dip,” attributing it to candidates prioritizing networking over active job applications.

Skelly also pointed to an ongoing talent migration from Web2 to Web3, with many professionals hesitant to join early-stage startups. He noted that non-technical workers impacted by layoffs and pivots are prioritizing job stability over high-risk opportunities.

Looking ahead, he advised companies to engage passive candidates, focus on non-technical hires, and refine token-based compensation models. He also identified AI-crypto integration, alternative layer-1 networks, and U.S. regulatory changes as key industry trends.

Meanwhile, recent regulatory developments under President Donald Trump’s administration have sparked optimism about U.S. crypto sector growth. During his campaign, Trump pledged to position the U.S. as a leader in blockchain innovation.

However, security risks remain a challenge. On-chain investigator Taylor Monahan recently exposed a scam where fraudsters impersonate recruiters from top crypto firms to lure victims with fake job offers. These scams, spread via LinkedIn, Telegram, and freelancing sites, highlight the ongoing cybersecurity risks in the industry.

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