Ethereum has just recorded the highest developer activity ever.
Ethereum has just recorded the highest developer activity ever.
In Q4 2025, there could be up to 8.7 million smart contracts deployed — the highest number in history and also the quarter with the largest development value that Ethereum has ever witnessed.
For me, what stands out is not the price, but the quality of activity behind the network:
• Builders are shipping real products, rather than just speculating based on narrative.
• The increasing number of contracts means more applications: from DeFi, RWA, stablecoins to infrastructure layers.
• The pace of development is clearly accelerating, creating momentum heading into 2026.
This difference is crucial in the context of a market that is still hesitant. When speculative funds have yet to return, the fact that the ecosystem continues to expand in terms of usage and infrastructure shows that Ethereum is building foundations, not chasing short-term cycles.
For me, the role of Ethereum as a core execution and payment layer is increasingly reinforced. Prices may remain stable in the short term, but the foundation is thickening — and that often determines the outcome in the next cycle.
