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Ethereum Hits 8.7M Smart Contracts in Q4 2025 Amid ETF Approvals and DeFi Growth

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Ethereum’s ecosystem growth hit 8.7 million smart contracts in Q4 2025, driven by ETF approvals and rising DeFi activity. Token Terminal data shows active addresses rose to 610,454 from 396,439 year-to-date, with new contracts averaging 171,000 monthly. A DeFi exploit in late 2025 spurred security upgrades, while Layer 2 and institutional interest continued to fuel adoption.
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