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Alchemy
Web3 Development Report
The Big Picture
Prices down, devs up.
Despite Ethereum decreasing 70%
in price, developer activity increased
by over 40%.
*As measured by verified smart contract deployments
Web3 Development Report
Q3’22 was the biggest for devs, ever
1.5m
17,375
12,495
Ethereum SDK
installs/week
Smart
contracts (verified)
/month
dapps
+178% Y/Y
+160% Y/Y
(12x since 2018)
Web3 Development Report
This is despite
the bear market
DEFI
-69%
Total value
locked Y/Y
NFTS
-88%
Trading volume
USD Y/Y
Prices
-56%
Ethereum price
USD Y/Y
Web3 Development Report
Approach
Web3 Development Report
3 ways to measure developer activity
Libraries
Developer tools to easily
read/write to the blockchain
Smart contracts
Computer programs stored
on a blockchain
dapps
End-user ready applications
with decentralized backends
These 3 indicators show us if devs are building, deploying, and growing
Web3 Development Report
Ethereum Libraries
Libraries are up and to the right
Web3 Development Report
1.5m/weekly
Ethereum SDK installs
Ethereum SDKs include Ethers.js and Web3.js,
which developers need to build on the Ethereum blockchain
+24%
145,799
2018
+80%
+178%
+70%
1,536,548
552,272
325,056
180,231
2019
2019
2020
2020
2021
2021
2022
Web3 Development Report
Weekly downloads
Ethers.js, Web3.js, and Combined
948,981 (+212%)
304,273 (+86%)
163,799 (+145%)
53,863
91,936
66,959 (+24%)
113,272 (+23%)
247,999 (+54%)
161,257 (+42%)
587,567 (+137%)
Web3 Development Report
Smart Contracts
Smart contracts are up and to the right
Web3 Development Report
Verified smart contract deployments
are up more than 50% in 2022
117,922
+50%
78,806
+63%
44,023
48,471
+366%
+100%
24,281
808
9,438
-45%
1068%
∞
Verified smart contracts were used for measurement of production applications.
2019
The number of total contracts deployed is more than 10X larger.
2021
Web3 Development Report
117,922
smart contracts were
deployed in 2022
205,827
smart contracts deployed
from 2015 to 2021
36%
of all verified smart contracts were deployed
just this year, making 2022 the biggest year ever
Web3 Development Report
Monthly verified smart contracts up 2.6x Y/Y
New monthly all time highs (ATHs) consistently set
Verified smart contract deployment
17,736
16,698
14,615
Web3 Development Report
Verified smart contract deployment
Smart contracts
not tied to prices
17,736
12,337
11,824
$3,450
$1,323
$1,035
Web3 Development Report
dapps
dapps are up and to the right
Web3 Development Report
More than 12,000 dapps and growing
0x, Aave, Apex, Audius, Balancer, Coherent, CollabLand, Compound, Context, Curve, Dark Forest, Decentral Games,
DeveloperDAO, dydx, Farcaster, Fractal, Gitcoin, Gods Unchained, Goldfinch, Helius, Hop, Hyperspace, Illuvium,
JonesDAO, Lens, Magic Eden, Metamask, Mirror, OpenSea, Pancake Swap, Phantom, Royal, Quickswap, Quix, Safe,
Showtime, Slingshot Finance, Snapshot, Solanart, Stargate Finance, Sudoswap, Sweat, Synapse, Syndicate,
Synthetix, Tally, Uniswap, x2y2, Zapper, Zerion
Web3 Development Report
Beyond
Ethereum
Polygon, Optimism, Arbitrum, and Solana
Web3 Development Report
Polygon
335%
growth in active
developer teams YTD
804%
growth in active
developer teams Y/Y
153%
growth in API
consumption YTD
Web3 Development Report
Arbitrum
516%
growth in active
developer teams YTD
795%
growth in active
developer teams Y/Y
121%
growth in API
consumption YTD
Web3 Development Report
Optimism
>1000% >1000% >460%
growth in active
developer teams YTD
growth in active
developer teams Y/Y
growth in API
consumption YTD
Web3 Development Report
Solana
>1000% >1000% >500%
growth in active
developer teams YTD
growth in active
developer teams Y/Y
growth in API
consumption YTD
Web3 Development Report
Additional Alchemy data
2x Archive
requests YTD
suggesting more
developers are leveraging
historical chain data
10x Enhanced API 10x NFT API
requests YTD
requests YTD
confirming expansions from
core node APIs to more
advanced infrastructure
across DeFi, DAOs, and
gaming
suggesting more use of
NFTs in user-facing
products and analytics
+16k signups in
<1 week
for Alchemy University,
the new platform for
learning how to build in
web3
Web3 Development Report
Data infrastructure is growing
Chainlink
The Graph
Alchemy
500+ projects
500+ subgraphs
Billions of data
4.2B on-chain data points
560B queries
requests YTD
suggesting developers are actively building
dapps with diverse use cases
Web3 Development Report
Social infrastructure is growing
ENS
Lens Protocol
Farcaster
545,948+ owners
86,500+ owners
164,000 casts by 3,405
all-time casters
Web3 Development Report
Wallet and DeFi infrastructure is growing
WalletConnect
RainbowKit
Uniswap v3 SDK
46,250 weekly installs
26,359 weekly installs
27,841 weekly installs
+13% Y/Y
launched 2022
+280% Y/Y
Web3 Development Report
Methodology
Web3 Development Report
Methodology
This report strives to provide an accurate and useful representation of web3 development.
The following sources were used for data collection purposes: Etherscan (verified smart
contracts), DappRadar (dapp count), Github and NPM JS (SDK installations and metadata),
CoinMarketCap (token prices), and the Internet Archive (fetching historical versions of
aforementioned pages to provide timestamped data sources). web3 Javascript library
weekly downloads were used as a proxy for developer activity here. This metric is helpful
but imperfect due to the ability for the library to be downloaded multiple times by the same
user intentionally or unintentionally. However, it provides one signal for directional
guidance. Additionally, the growth of various blockchains on Alchemy is purely relative;
certain chains are significantly larger as measured by active teams and daily requests.
Web3 Development Report
Thank you to the report’s sources
Developer Activity: Alchemy
Smart Contracts and Programs: Etherscan and Solscan
Market and Prices: DappRadar, Defi Pulse, CoinMarketCap, Dune
SDKs: Github and NPM
Historical Web Pages: Internet Archive