Over the last 3 months, we analyzed 10M+ data points across chains, dapps and code repos.
As with every quarter, we’ve summarized everything you need to know about the state of web3 development! 📈
Here’s our Q4 2022 report:
🧵👇
1/ TL;DR
😖 ETH assets held in CEXs were down 29% Q/Q
😁 Smart contracts deployed were up 453% Q/Q
That’s not a typo.
Despite consumer trust in crypto crumbling, Q4 2022 dev activity reached new heights!
REPORT: alchemy.com/blog/web3-deve…
2/ Leading indicators pointed to… probably nothing 😉
⬆️ 16% Q/Q: Core Ethereum dev tool installs/week
⬆️ 187% Q/Q: Goerli testnet smart contracts
3/ And our own platform data backed it up:
🚀 Active devs rocketed, despite ETH price falling
🫶 94% devs say they’re committed to building in web3
✍️ 100K+ applied to build skills in Alchemy University
4/ Plus, teams building on L2s and chains at least tripled ⚡️
@arbitrum: ⬆️ 718%
@optimismFND: ⬆️ 1,000%+
@0xPolygon: ⬆️ 389%
@solana: ⬆️ 1,000%+
5/ All contributing to a growing ecosystem (with a new hub - Alchemy Dapp Store!)
The one-stop-shop now features 1,300+ web3 projects, including:
@0xProject, @opensea, @phantom, @AaveAave, @chainlink, @Uniswap, @developer_dao and more!
6/ Dapps to the moon
@DappRadar shows total dapps deployed were up 32% Q/Q 🚀
With web3 social solutions like @LensProtocol and @farcaster_xyz flying!
7/ Get the full picture!
For all the alpha and detailed data, check out the report 👇
alchemy.com/blog/web3-deve…
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