Despite a chilly crypto winter, data from AlchemyPlatform suggests that developers are continuing to build big in Web3. camlearnscrypto reports
at the end of Q3. And in a survey of 985 developers conducted by Alchemy, 94.2% reported feeling optimistic about the future of Web3.
“Web3’s hallmark highs and lows were on full display in Q4,” Alchemy wrote in a press release accompanying the report. “On one hand, developers leaned into trustlessness – deploying smart contracts at rates that resembled the peaks of 2021. On the other, the implosion of major crypto exchanges rocked the foundations of consumer trust.”
Jason Shah, head of growth at Alchemy, told CoinDesk that while the fall of FTX contributed to the sharp decline in some figures last quarter, positive developer sentiment highlights a growing separation between cryptocurrencies and decentralized tools. “It’s the tale of cryptos, with centralized exchanges and financial fraud alongside builders and decentralized technological architecture,” said Shah. “And these are very different worlds, frankly, that are becoming increasingly decoupled.”
Shah also noted that among the smart contracts deployed this past quarter, there was 58% increase in the amount of social“It suggests to us that there's probably a more sustainable and natural set of internet products that are being built around that social sector,” said Shah.
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