Web3 developer activity spiked in Q4 2022 despite market volatility

Web3 developer activity still grew in the last quarter of 2022, according to a new report, despite crypto market volatility and stacks of negative headlines.
Ethereum, one of the largest layer-1 (L1) blockchains in the crypto ecosystem, had a 453% increase in mainnet smart contract deployments in the fourth quarter of 2022, signaling high developer momentum amid crypto market volatility, according to Alchemy’s Web3 Development Report.
“As we saw in Q3 as well, web3 devs are long-term committed to building out this ecosystem because they believe in the technology,” Jason Shah, head of growth at

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