Salaries for blockchain engineers went down in 2023 due to tough times in the industry, like layoffs and companies not hiring as much. A recent NodeFlair report found that countries prioritizing startups and big tech experienced larger drops in blockchain engineer salaries. This highlights the impact of the overall economic and business climate on compensation levels in this field. In Singapore, blockchain engineer salaries decreased by 5.4% year-over-year, the report showed. On average, junior engineers received 6,750 SGD, while senior engineers earned about 10,000 SGD. The observed decline in salaries stems from a confluence of factors.
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