Ethereum Smart Contract Launches Near All Time High – Trustnodes

Ethereum Smart Contract Launches Near All Time High


Ethereum smart contract launches near all time high, Sep 2020

Close to 300 smart contracts are now being launched on ethereum everyday, up from 50 or so just two months ago.

292 contracts were launched on the 9th of September, just one short of the all time high reached in July 2018 as pictured above.

All suggesting there has been a significant increase in using ethereum’s functionality during this summer.

Much of it probably due to financial dapps with many of them very new in a nascent and rapidly developing field where billion dollar businesses can be built with just one eth.

Demand for smart contract auditors is now apparently so high they’re booked for months indicating there’s a skills shortage.

The good news is gaining such code based money making skills costs nothing save for time as there are plenty of tutorials online and one can always play on the testnets.

It’s not clear however whether universities have began adapting their classes to the rapidly changing ethereum scene to include Solidity for example.

That’s a demanding language in as far as one mistake, and all funds can be gone, requiring significant discipline, focus, care, and a whole tight process as once it’s published, it faces the scrutiny of the entire world.

They began providing blockchain related courses, especially in 2017 and onwards, but before flashloans in particular, there might have not been too much demand.

Flashloans however make Solidity knowledge a necessity because you have to hard-code each flashloan operation as it can’t quite be templated.

That must have increased interest in Solidity significantly even before all the defi dapps made the coding language even more appealing due to the increase in opportunities for arbitrage as well as task based ‘jobs.’

There is obviously competition for these task based money making opportunities, but as the field is growing fairly fast, skills supply might not quite keep up to saturate such opportunities.

And as this increase in new smart contracts shows, growth might continue especially in the defi space where they might be less sensitive to increasing network fees.

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