Ethereum’s Quiet Comeback: A Record Quarter for Builders

[bonk]

Despite muted price action, Ethereum just delivered one of its strongest signals yet from a fundamentals perspective. In the fourth quarter, the network saw a record 8.7 million new smart contracts deployed, the highest level ever recorded, according to Token Terminal.

This surge matters because contract deployment often leads price and usage. Historically, more contracts mean more applications, users, fees, and validator activity down the line. While Ether’s market price has lagged, developers are clearly voting with their code — treating Ethereum as the default settlement layer for serious onchain activity.

[madmax]

devs voting with code matters way more than twitter sentiment imo