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Ethereum Deploys Record 8.7M Contracts in Q4 2025
The Ethereum network set a new record in Q4 2025 with over 8.7 million smart contracts deployed, indicating increased developer and startup activity.
- This metric reflects "organic" growth, driven by rollup and layer-2 expansion, real-world asset issuance, stablecoins, wallets, and intents.
- Only base layer (L1) smart contracts are included; layer-2 contracts are tracked separately.
Historical Data
- Q1 2025 saw nearly 6 million contracts, declining to 4.3 million in Q2 and 3.1 million in Q3.
- 2024 had low numbers, with most quarters under 1.5 million contracts.
- Total of 91.7 million contracts deployed on Ethereum according to Token Terminal.
ETH Price Analysis
- ETH is trading at $2,980, within a key support/resistance range of $2,800 to $3,000.
- A break above this could approach the $4,957 all-time high, while a drop below may test $2,500 support.
- Fewer contracts suggest lower interest, potentially affecting market demand for ETH.
Increasing infrastructure and applications on Ethereum could boost user engagement and demand for ETH, despite current price challenges. Stablecoins are reaching new market cap highs, and there is potential for ETH to reach $8,500 under favorable conditions. Governance discussions and community participation in proposals like Uniswap's and AAVE's indicate ecosystem maturity.