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If you’re a blockchain enthusiast, developer, or investor, this phrase is music to your ears. In Q2 2023, the Web3 landscape has seen a whirlwind of growth, innovation, and challenges.

If you’re a blockchain enthusiast, developer, or investor, this phrase is music to your ears. In Q2 2023, the Web3 landscape has seen a whirlwind of growth, innovation, and challenges.

This report, created by Alchemy, provides a detailed analysis of the trends, statistics, and emerging technologies in the Web3 space.

Web3 Development Report: Alchemy Damp Store Statistics

Alchemy’s Damp Store, a directory of Web3 developer tools and applications, has become a hub for innovation. In Q2 2023, over 330 new applications were approved, hosting over 2,000 apps across popular blockchains. The fastest-growing niches include:

  1. Web3 Data Tools: Tools for reading, storing, indexing, and transforming blockchain data.
  2. Blockchain Auditing Companies: Firms that verify the security of smart contracts.
  3. Blockchain Auditing Companies: Firms that verify the security of smart contracts.
  4. Smart Contract Wallets: Crypto wallets utilizing Account Abstraction infrastructure.

Alchemy Developer Survey Results

Developers are increasingly using Web3 libraries like ethers.js and SDKs like the Alchemy SDK. Ethereum’s libraries grew 37% Y/Y, with 26.8 million downloads in Q2 2023. Web3 wallet SDK installs also saw a massive growth of 196% Y/Y.

The Segovia test net is approaching parity with the Goers test net, while the latter is declining due to scarcity and secondary markets. Ethereum smart contract deployments grew 64% Q/Q, and L2 smart contract deployments grew 1106% Y/Y.

Layer 2 blockchains are gaining traction, with L1 gas usage by L2s increasing 88% Q/Q. Despite a flat volume of L2 bridging, the adoption of L2s shows real staying power.

  • The Segovia test net is approaching parity with the Goers test net, while the latter is declining due to scarcity and secondary markets. Ethereum smart contract deployments grew 64% Q/Q, and L2 smart contract deployments grew 1106% Y/Y.
  • Layer 2 blockchains are gaining traction, with L1 gas usage by L2s increasing 88% Q/Q. Despite a flat volume of L2 bridging, the adoption of L2s shows real staying power.

Alchemy Developer Survey Results

Web3 Development Report: Developer Activity Across Networks

Developer activity across networks like Polygon, Arbitron, Optimism, Stark net, Solano, and Altar is growing at an impressive rate. From Polygon’s 74% Y/Y growth to Arbitron’s 213% Y/Y growth, the bear market hasn’t deterred builders from developing on these platforms.

  • L1 gas being used by Layer 2 blockchains is increasing at a rapid rate: 88% Q/Q compared to Q1 2023 and 383% Y/Y compared to Q2 2022. This trend indicates the rise of L2 developer and user activity, with the total amount of L1 gas consumed by L2s expected to continue to increase.
  • Interestingly, users bridging tokens to layer 2s remained flat Q/Q, decreasing only 0.25% Q/Q. This flat volume of L2 bridging, despite low NFT and DEX trading volumes, gives confidence that while trading activity across the industry is down, the adoption of L2s has real staying power.

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