WEB3 DEVELOPMENT REPORT: UNPACKING THE Q2 2023 LANDSCAPE

If you’re a blockchain enthusiast, developer, or investor, this phrase is music to your ears. In Q2 2023, the Web3 landscape has seen a whirlwind of growth, innovation, and challenges.

This report, created by Alchemy, provides a detailed analysis of the trends, statistics, and emerging technologies in the Web3 space.

Web3 Development Report: Alchemy Dapp Store Statistics

Alchemy’s Dapp Store, a directory of Web3 developer tools and applications, has become a hub for innovation. In Q2 2023, over 330 new applications were approved, hosting over 2,000 dapps across popular blockchains. The fastest-growing niches include:

1. Web3 Data Tools: Tools for reading, storing, indexing, and transforming blockchain data.
2. Blockchain Auditing Companies: Firms that verify the security of smart contracts.
3. Blockchain Auditing Companies: Firms that verify the security of smart contracts.
4. Smart Contract Wallets: Crypto wallets utilizing Account Abstraction infrastructure.

Alchemy Developer Survey Results

Developers are increasingly using Web3 libraries like ethers.js and SDKs like the Alchemy SDK. Ethereum libraries grew 37% Y/Y, with 26.8 million downloads in Q2 2023. Web3 wallet SDK installs also saw a massive growth of 196% Y/Y.

The Sepolia testnet is approaching parity with the Goerli testnet, while the latter is declining due to scarcity and secondary markets. Ethereum smart contract deployments grew 64% Q/Q, and L2 smart contract deployments grew 1106% Y/Y.

Layer 2 blockchains are gaining traction, with L1 gas usage by L2s increasing 88% Q/Q. Despite a flat volume of L2 bridging, the adoption of L2s shows real staying power.

• The Sepolia testnet is approaching parity with the Goerli testnet, while the latter is declining due to scarcity and secondary markets. Ethereum smart contract deployments grew 64% Q/Q, and L2 smart contract deployments grew 1106% Y/Y.
• Layer 2 blockchains are gaining traction, with L1 gas usage by L2s increasing 88% Q/Q. Despite a flat volume of L2 bridging, the adoption of L2s shows real staying power.
• The Sepolia testnet is approaching parity with the Goerli testnet, while the latter is declining due to scarcity and secondary markets. Ethereum smart contract deployments grew 64% Q/Q, and L2 smart contract deployments grew 1106% Y/Y.
• Layer 2 blockchains are gaining traction, with L1 gas usage by L2s increasing 88% Q/Q. Despite a flat volume of L2 bridging, the adoption of L2s shows real staying power.

Alchemy Developer Survey Results

Web3 Development Report: Developer Activity Across Networks

Developer activity across networks like Polygon, Arbitrum, Optimism, Starknet, Solana, and Astar is growing at an impressive rate. From Polygon’s 74% Y/Y growth to Arbitrum’s 213% Y/Y growth, the bear market hasn’t deterred builders from developing on these platforms.