2022 has been the biggest year of developer activity in Crypto history - the sh!t that matters! Single biggest driver of long time bullishness, right here!

Source: Tech Crunch

Despite the crypto winter, with both Bitcoin and Ethereum down roughly 70% from their November 2021 highs, web3 developers are more active than ever. In fact, 2022 has been the biggest year yet.

In 2018, only 146,000 developers installed either of these libraries on a weekly basis. But that has increased steadily every year and in 2022, that number had increased 10x: a whopping 1,536,548 downloads per week. Compared to Q3 2021, the number of downloads increased by 3x this quarter.

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In September, developers submitted more than 17,376 smart contracts to the popular block explorer, Etherscan, up 160% YoY, showing a surging interest in decentralized protocols.

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Lastly, another hallmark of ecosystem health is the number of dapps, or end-user applications with a decentralized backend, deployed in the ecosystem. DappRadar estimates that 12,495 dApps currently exist across all chains, up from around 1,000 in 2018. What’s more, approximately 2,500 of these dapps have at least 1 active user in the last 24 hours.

A few other highlights from the report include:

• 36% of all smart contracts ever deployed and verified have been in 2022
• In the 2 weeks following The Merge, smart contract deployment increased by 14%
• Despite Ethereum prices being down 62%, smart contract deployments have surged 40% to all-time highs