Developers Keep the Candle Burning During Chilly Crypto Winter

Crypto Investors Yanked Money From ETH Products Despite a Smooth Ethereum Merge

“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.”

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