Ethereum quietly sets a record: 8.7M contracts deployed in one quarter.

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Ethereum just hit a major milestone—Q4 witnessed 8.7 million smart contracts deployed on the network, marking a record high. The surge reflects three major trends reshaping the ecosystem: explosive growth in Real World Asset (RWA) tokenization, intensifying stablecoin deployment activity, and continued infrastructure development across the chain. This deployment spike underscores how traditional finance layers are merging with decentralized systems, while stablecoin platforms expand their footprint in DeFi settlement and on-chain transactions. Infrastructure upgrades running parallel to these trends suggest the Ethereum ecosystem is scaling to support increasingly complex financial applications.