Ethereum Developer Activity Reached Record High in Q4 2025

According to Odaily, Leon Waidmann, Head of Research at Onchain Foundation, shared on the X platform that Ethereum's developer activity has reached an all-time high. Data from Token Terminal indicates that 8.7 million smart contracts were deployed in the fourth quarter of 2025, marking the highest quarterly figure ever recorded. This surge in activity suggests that developers are focusing on building rather than speculating. The increase in contracts points to a rise in decentralized applications (DApps), real-world assets (RWA), stablecoins, and infrastructure, with related activities accelerating into 2026. Ethereum's role as a core execution and settlement layer continues to strengthen.