Data: Ethereum developer activity hits record high, with 8.7 million smart contracts deployed in Q4 2025

According to Odaily, Leon Waidmann, Head of Research at Onchain Foundation, cited Token Terminal data on X, stating that Ethereum developer activity has reached a historic high. In the fourth quarter of 2025, a total of 8.7 million smart contracts were deployed, marking the highest quarterly figure ever. Developers are focusing on building rather than speculating; more contracts mean more DApps, RWA, stablecoins, and infrastructure. Related activity is accelerating into 2026. Ethereum's role as a core execution and settlement layer continues to strengthen.