Data: Ethereum developer activity reaches all-time high, with 8.7 million smart contracts deployed in Q4 2025
ChainCatcher reported that Leon Waidmann, Head of Research at Onchain Foundation, cited Token Terminal data on X, stating that Ethereum developer activity has reached a historic high. Developers are focusing on building rather than speculating; more contracts mean more DApps, RWA, stablecoins, and infrastructure, with related activities accelerating into 2026. Ethereum's role as a core execution and settlement layer continues to strengthen.
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