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Despite Crypto Bear Market, Web3 Developers Are Still Building, Study Shows

A report from Web3 developer platform Alchemy shows the number of smart contracts deployed on Ethereum has increased by 40% since the end of the first quarter, despite ether’s 60% price plunge this year.

By Cam Thompson

Updated Oct 13, 2022, 4:47 p.m. Published Oct 13, 2022, 4:08 p.m.

The number of smart contracts deployed on Ethereum has increased by more than 40% since the end of Q1, according to Alchemy. (Getty Images)