We already know getting a crypto job is a surefire way to get rich, pretty fast. But, if you’re looking for an entry level job, you may want to hold on to your hat, because Dragonfly has some crazy predictions.
So if you had a dream of venturing into Web3 with a CS degree and a meme-worthy LinkedIn profile, Dragonfly has very bad news. In a bizarre report that’s got the blockchain brigade buzzing like a swarm of caffeinated bees, Dragonfly Capital says only one in 10 crypto roles is for fresh-faced newbies. Yes… unfortunately.
Dragonfly’s sleuths polled 85 crypto outfits and crunched data from 3,400 employees and candidates before coming to the conclusion. They found Engineering positions top, with a whopping 67% of headcount. They also found that senior and principal-level gigs gobble up 37% of the crypto job pie.
This means those elusive entry-level crypto jobs are pretty much hiding in the shadows with less than 10% of openings, with not much access to anyone.
“Crypto was hard to break into,” Dragonfly said.
But why the entry-level Crypto Job apocalypse?
The majority of the blame falls on the ghosts of the past. Kevin Gibson, the founder of Proof of Search attributes it to project flops that lit up the night sky like failed fireworks.
“Despite the overall market positivity and the success of several projects, there have been many instances of projects failing after their token generation events,” he said.
No wonder net hiring flipped negative in H1 2025: A January hiring spree got sideswiped by February tariffs, then March’s axe-wielding frenzy chopped entry-level crypto jobs first.
Salaries? Slashed. Token perks? Vaporized. Equity bumps offer a Band-Aid, but it’s not helping in the long run.
This employment drought hits hardest where it hurts: the millennials and Zoomers who see crypto as their ticket to financial freedom.
A third of global holders are 24-35-year-olds, prepped for that entry-level crypto job. Yet here we are, watching them scroll Indeed like lost puppies in a thunderstorm.
Matt Thompson of TRB Executive Search chimes in on job losses saying, “Markets boom, we hire like crazy; they bust, and poof..layoffs.
In this context, Dragonfly’s data paints a “cautious” crypto job canvas.
This isn’t just a report; in fact it’s a reality check on the crypto job jungle where the big cats prowl and the cubs are left meowing at the gate.
