https://techcrunch.com/2023/01/17/web3-developer-activity-spiked-in-q4-2022-despite-market-volatility/ > 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 mainnet smart contract deployments in the fourth quarter of 2022, signaling high developer momentum amid crypto market volatility, according to Alchemy’s Web3 Development Report.