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Ethereum’s Price Stalls, but Developers Are Building at a Record Pace

TL;DR:
Even as ETH struggles below $3,000, developers surge as record contract deployments indicate organic growth driven by rollups, stablecoins, RWAs, and wallets.
Key Points:
Background:
Ethereum is the leading smart contract platform, enabling decentralized applications and DeFi protocols.
Why It Matters:
This development could influence ETH price action and market sentiment in the near term.