Ethereum Dev Tool Sees Downloads Rise to an All Time High

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Truffle, an ethereum development environment with built-in smart contract compilation, linking, deployment and binary management, has reached an all-time high in downloads during the first quarter of 2019.

Truffle saw 327,000 downloads in the first quarter of the year, as opposed to about 310,000 in the 3rd and 4th quarter of 2018.

In total, Truffle has seen 1.7 million downloads since it came out in May 2015, suggesting development interest remains high in ethereum.

Truffle downloads according to Diar.

Dapps have also reached an all-time high in ethereum transactions, hitting 776,000 eth in the month of April.

That’s however probably mainly because ethereum’s value has fallen so much, with the dollar amount of dapp transactions standing at $131 million. Far lower than the $650 million during January 2018.

But the dollar transacting amounts have been increasing since December. Up from a low of $46 million.

Dapp stats, May 2019.

Apparently only 60% of new dapps are deployed on eth, with new smart contracts seeing a very curious peak of 4.3 million during the fourth quarter of 2018.

Why there was this apparent outlier is not very clear with one reason potentially being that devs wanted to get their project out before the end of the year.

Smart contracts stats, May 2019.

The April bar there obviously has not quite ended yet. May has just begun and the quarter still has June.

Yet it looks like this second quarter has already surpassed the third quarter of 2018 and is close to doing so for the second quarter as well.

Suggesting there’s a trend of sorts, with that fourth quarter of 2018 perhaps not being an outlier, but a new level of activity.

That’s more clearly shown through monthly used smart contracts, which presumably measures how many transactions are made to or through a smart contract per month.

Monthly used smart contracts according to Bloxy.

Again here we can dismissed May because it has just started, but according to these data, smart contracts are now being used quite a bit more than during the peak of December 2017 or January 2018.

Last summer saw a dull in such usage as one might have expected from the price action, but starting in September, it appears a new level has been reached in smart contract activity.

That could indicate there has been growth as far as fundamental statistics seem to reveal. It appears starting in December, dev activity increased considerably and above previous levels.

The recent price rise, therefore, might have some solid foundations as it may be the case more devs have come on board or have released their work.

Copyrights Trustnodes.com

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