With an average of 9,635 contract deployments per day, developer activity at Tezos has reached a new high

In the last 28 days we see a total of 269,785 contract deployments on all 3 test networks and the mainnet combined. This corresponds to an average of 9,635 contract deployments per day. That is four times as many as in March of this year.

Tezos development

For the second time in Tezos history, we will have over 5,000,000 contract views in a single month. Contract calls are interactions with smart contracts in the form of transactions. This is an important metric to measure the growth in adoption rate and usage of mainnet smart contracts.

The total monthly transactions (basic transactions and contract calls together) will amount to around 8,250,000 transactions with an average transaction volume of 275,000 transactions per day (approx. 20% of the average transaction volume of Ethereum currently).

Developer activity has reached a new high

In the last 28 days we see a total of 269,785 contract deployments on all 3 test networks and the mainnet combined. This corresponds to an average of 9,635 contract deployments per day. That is four times as many as in March of this year. If we zoom in on the mainnet-only contract deployments, we can see that we’ve hit a new high of 6,944 mainnet deployments this month. And we still have two days until the end of the month.

The continued growth in developer activity confirms the trend over the past two years, highlighted in Bank of America’s Digital Assets Primer published on October 4th this year.

In the graphs included in the report, we can see that Tezos has the second highest score on the developer interest scale. Of the 30 cryptocurrencies, only Ethereum performed better than Tezos.

Where does the activity come from?

There is obviously a lot of activity in the NFT ecosystem on Tezos and the growing DeFi ecosystem. New platforms and additions to existing ones are part of the overall development activity. Additionally, Tezos has seen an impressive number of real world use cases that are both already deployed and still in development.

What we see in the daily use of Tezos as investors, artists and as a crypto enthusiast is just the tip of the iceberg. Just a few days ago, the previously unknown SaaS platform “Myloby” announced that it had just exceeded 100,000 transactions on the Tezos blockchain.

A small selection of further examples for Tezos-based applications are:

• The distribution of COVID aid funds in Swiss cities.
• The voting application in a Paris suburb BeeZ application and its digital stamp function on Tezos.
• Inveniam’s new asset-value pricing solution (with data validators Cushman & Wakefield for property prices and Deloitte for audits) which was at one point responsible for 7% of Tezos’ daily transaction volume.
• Supply chain application eMin (used by the UN Migration Agency).
• The integration of Electis into the Swiss voting application Baloti.
• Decentralized identity solution Gravity (used in pilot projects by several UN organizations and the Red Cross).
• All applications for real use cases, which underline the great interest in development and deployment on Tezos.
• With the Tezos blockchain’s ever-improving efficiency, resulting in faster, cheaper transactions without sacrificing decentralization, the trust and interest of businesses in Tezos to build long-term benefit is not surprising.
• Hackathons are another source of developer activity. Two hackathons are currently running on Tezos. The Tezos India and Plenty DeFi Plenty Global Hackathon with a prize pool of $ 30,000.
• And the Gitcoin “Game on! Tezos’ hackathon with a prize pool of $ 200,000.

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