Although this crypto winter has been touted as a good time to build Web3 products, it hasnโt been this way in previous bear markets. Alchemyโs data shows that the number of smart contracts deployed between 2018 and 2019 fell by 45%, while in 2022 so far, that number has increased by 50% from last year.
Despite Crypto Bear Market, Web3 Developers Are Still Building, Study Shows
