Decentralised Finance (DeFi)
UK

The following table provides summary statistics for contract job vacancies with a requirement for DeFi skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited DeFi over the 6 months to 21 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
21 May 2024
Same period 2023 Same period 2022
Rank 561 692 826
Rank change year-on-year +131 +134 -118
Contract jobs citing DeFi 10 4 37
As % of all contract jobs advertised in the UK 0.024% 0.007% 0.042%
As % of the Processes & Methodologies category 0.027% 0.008% 0.046%
Number of daily rates quoted 5 3 33
10th Percentile £560 £525 £395
25th Percentile £613 £581 £513
Median daily rate (50th Percentile) £725 £700 £700
Median % change year-on-year +3.57% - +7.69%
75th Percentile £738 £738 £875
90th Percentile - £745 £900
UK excluding London median daily rate £550 - £750

All Process and Methodology Skills
UK

DeFi is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 36,539 50,904 80,008
As % of all contract IT jobs advertised in the UK 86.04% 89.75% 90.61%
Number of daily rates quoted 23,560 35,264 56,167
10th Percentile £300 £325 £344
25th Percentile £413 £440 £430
Median daily rate (50th Percentile) £525 £550 £530
Median % change year-on-year -4.55% +3.77% +7.07%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £500 £500 £480
% change year-on-year - +4.17% +9.09%
Number of hourly rates quoted 2,438 1,684 1,915
10th Percentile £12.75 £10.63 £12.50
25th Percentile £16.00 £15.75 £15.52
Median hourly rate £36.27 £36.00 £25.68
Median % change year-on-year +0.76% +40.19% +7.00%
75th Percentile £60.00 £65.00 £49.51
90th Percentile £72.50 £75.00 £65.00
UK excluding London median hourly rate £38.00 £35.00 £20.00
% change year-on-year +8.57% +75.00% -6.21%

DeFi
Job Vacancy Trend

Job postings citing DeFi as a proportion of all IT jobs advertised.

Job vacancy trend for DeFi in the UK

DeFi
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing DeFi.

Daily rate trend for DeFi in the UK

DeFi
Daily Rate Histogram

Daily rate distribution for jobs citing DeFi over the 6 months to 21 May 2024.

Daily rate histogram for DeFi in the UK

DeFi
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing DeFi within the UK over the 6 months to 21 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
England +104 9 £725 +18.37% 20
London +103 8 £725 +18.37% 19
Work from Home +113 3 £550 -26.67% 7
UK excluding London - 1 £550 - 4
East Midlands - 1 £550 -
Midlands - 1 £550 -

DeFi
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 1 (10.00%) Ethereum
1 1 (10.00%) MetaMask
1 1 (10.00%) Tomcat
1 1 (10.00%) WebSphere
Business Applications
1 6 (60.00%) Distributed Ledger
2 1 (10.00%) R3 Corda
Cloud Services
1 1 (10.00%) AWS
Communications & Networking
1 3 (30.00%) Internet
Development Applications
1 1 (10.00%) Git
1 1 (10.00%) Visual Studio Code
General
1 7 (70.00%) Finance
2 6 (60.00%) Social Skills
3 3 (30.00%) Public Sector
4 2 (20.00%) Banking
4 2 (20.00%) Financial Institution
Job Titles
1 7 (70.00%) Architect
2 6 (60.00%) Solutions Architect
3 2 (20.00%) Blockchain Architect
3 2 (20.00%) Blockchain Engineer
3 2 (20.00%) Digital Architect
4 1 (10.00%) AWS DevOps
4 1 (10.00%) AWS DevOps Engineer
4 1 (10.00%) AWS Engineer
4 1 (10.00%) Blockchain Developer
4 1 (10.00%) Blockchain Software Engineer
4 1 (10.00%) Developer
4 1 (10.00%) DevOps Engineer
4 1 (10.00%) Digital Developer
4 1 (10.00%) Digital Solutions Architect
4 1 (10.00%) Senior
4 1 (10.00%) Senior Architect
4 1 (10.00%) Senior Developer
4 1 (10.00%) Senior Digital Architect
4 1 (10.00%) Software Engineer
4 1 (10.00%) Web Architect
Libraries, Frameworks & Software Standards
1 1 (10.00%) CSS
1 1 (10.00%) CSS3
1 1 (10.00%) HTML
1 1 (10.00%) HTML5
1 1 (10.00%) JSON
1 1 (10.00%) Smart Contracts
1 1 (10.00%) Truffle
1 1 (10.00%) web3js
Miscellaneous
1 9 (90.00%) Blockchain
2 7 (70.00%) Web3
3 6 (60.00%) CBDC
4 3 (30.00%) IoT
5 1 (10.00%) Digital Currency
Operating Systems
1 1 (10.00%) Linux
Processes & Methodologies
1 5 (50.00%) Fintech
1 5 (50.00%) Translating Business Requirements
2 4 (40.00%) Collaborative Working
2 4 (40.00%) Computer Science
2 4 (40.00%) Cryptography
3 3 (30.00%) API Development
3 3 (30.00%) Data Science
3 3 (30.00%) Mathematics
3 3 (30.00%) Regtech
4 2 (20.00%) Agile
4 2 (20.00%) Cryptocurrency
4 2 (20.00%) Mentoring
5 1 (10.00%) CI/CD
5 1 (10.00%) Cybersecurity
5 1 (10.00%) DevOps
5 1 (10.00%) High Availability
5 1 (10.00%) Low Latency
5 1 (10.00%) Platform Engineering
5 1 (10.00%) Software Engineering
5 1 (10.00%) Use Case
Programming Languages
1 1 (10.00%) Java
1 1 (10.00%) JavaScript
1 1 (10.00%) Kotlin
1 1 (10.00%) Python
1 1 (10.00%) Solidity
Qualifications
1 6 (60.00%) SC Cleared
1 6 (60.00%) Security Cleared
2 4 (40.00%) Degree
3 3 (30.00%) Computer Science Degree
System Software
1 1 (10.00%) Docker
Systems Management
1 1 (10.00%) Ansible
1 1 (10.00%) Kubernetes