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Gate Square New & Returning Creator Rewards are ongoing!
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Ethereum ecosystem continues to thrive, Q4 smart contract deployments break a new record of over 8.7 million
According to the latest tracking data from Token Terminal, Ethereum achieved a new milestone in Q4 — the number of smart contract deployments surpassed 8.7 million, setting a new record.
This data reflects the ongoing activity of Ethereum as the world’s largest smart contract platform. Every new contract deployed represents continuous innovation and development by developers within the Ethereum ecosystem. From DeFi protocols and NFT projects to various application layer solutions, new smart contracts are constantly going live, driving the vibrant growth of the entire ecosystem.
The significance of the 8.7 million figure lies in its demonstration of Ethereum’s advantages in application diversity and developer activity. Whether it’s emerging projects or mature protocols, they continue to expand functionality and iterate products through deploying new contracts. This ongoing drive for innovation is a key indicator of Ethereum’s ecosystem maintaining its competitiveness.
The updated Q4 data also indirectly reflects the overall activity level of the crypto market during this period. As market conditions improve and developer confidence recovers, the Ethereum ecosystem has experienced a new wave of deployment enthusiasm.