Ethereum smart contract deployments hit all-time high of 8.7M in Q4

The number of smart contracts deployed on Ethereum reached an all-time high of 8.7 million in the fourth quarter of this year, crypto analyst Joseph Young stated on X. He noted that this follows several consecutive quarters of growth and likely reflects genuine ecosystem expansion rather than inflated metrics. Young attributed the growth to the expansion of Layer 2 networks, increased issuance of Real-World Asset (RWA) tokens, broader stablecoin adoption, and advancements in wallet and intent infrastructure.