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{"id":14566,"date":"2023-01-20T21:47:24","date_gmt":"2023-01-20T21:47:24","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/01\/20\/web3-developer-activity-spiked-in-q4-2022-despite-market-volatility\/"},"modified":"2023-01-20T21:47:25","modified_gmt":"2023-01-20T21:47:25","slug":"web3-developer-activity-spiked-in-q4-2022-despite-market-volatility","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/01\/20\/web3-developer-activity-spiked-in-q4-2022-despite-market-volatility\/","title":{"rendered":"Web3 developer activity spiked in Q4 2022 despite market volatility"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/01\/17\/web3-developer-activity-spiked-in-q4-2022-despite-market-volatility\/<\/a><\/br>
\nWeb3 developer activity spiked in Q4 2022 despite market volatility<\/br>
\n2023-01-20 21:47:24<\/br><\/p>\n

\n
\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n
\n

Web3 developer activity<\/span> still grew in the last quarter of 2022, according to a new report, despite crypto market volatility and stacks of negative headlines.<\/p>\n

Ethereum, one of the largest layer-1 (L1) blockchains in the crypto ecosystem, had a 453% increase in mainnet smart contract deployments in the fourth quarter of 2022, signaling high developer momentum amid crypto market volatility, according to Alchemy\u2019s Web3 Development Report<\/a>.<\/p>\n

\u201cAs we saw in Q3 as well, web3 devs are long-term committed to building out this ecosystem because they believe in the technology,\u201d Jason Shah, head of growth at Alchemy, said to TechCrunch. \u201cThat durable belief, paired with more reliable infrastructure, better tooling and increasing consumer adoption every quarter, is compelling devs to dig their heels in despite unfavorable market conditions.\u201d<\/p>\n

The global market capitalization of the crypto market has fallen from over $2 trillion at the beginning of 2022 to about $800 billion by the end of the year, according to CoinMarketCap data<\/a>. The two biggest cryptocurrencies, bitcoin<\/a> and ether<\/a>, fell 14% and 8.77%, respectively, from the beginning to the end of the fourth quarter.<\/p>\n

\u201cSpecifically in Q4, developers appear to be entering a period where deploying more smart contracts is relevant given product maturity, and post-Merge, there is renewed confidence and more affordable deployment costs,\u201d Shah said.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/01\/17\/web3-developer-activity-spiked-in-q4-2022-despite-market-volatility\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/01\/17\/web3-developer-activity-spiked-in-q4-2022-despite-market-volatility\/ Web3 developer activity spiked in Q4 2022 despite market volatility 2023-01-20 21:47:24 Web3 developer activity still grew in the last quarter of 2022, according to a new report, despite crypto market volatility and stacks of negative headlines. Ethereum, one of the largest layer-1 (L1) blockchains in the crypto ecosystem, had a 453% increase in […]<\/p>\n","protected":false},"author":1,"featured_media":14567,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,8],"tags":[],"class_list":["post-14566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","category-technology"],"yoast_head":"\nWeb3 developer activity spiked in Q4 2022 despite market volatility - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/01\/20\/web3-developer-activity-spiked-in-q4-2022-despite-market-volatility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Web3 developer activity spiked in Q4 2022 despite market volatility - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/01\/17\/web3-developer-activity-spiked-in-q4-2022-despite-market-volatility\/ Web3 developer activity spiked in Q4 2022 despite market volatility 2023-01-20 21:47:24 Web3 developer activity still grew in the last quarter of 2022, according to a new report, despite crypto market volatility and stacks of negative headlines. 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