🔥 Update: Ethereum activity reached a historic milestone in Q4 2025, as 8.7 million smart contracts were deployed on the network, according to Token Terminal. The surge marks an all-time high, reflecting accelerating developer engagement and expanding on-chain experimentation. From DeFi infrastructure to consumer applications, builders continued shipping at scale despite market volatility. This growth signals more than short-term enthusiasm—it points to deepening network utility and long-term confidence in Ethereum’s execution layer. As contract deployments climb to record levels, Ethereum’s role as the backbone of decentralized innovation is quietly strengthening beneath the surface.

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