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Ethereum has once again reached a milestone. According to the latest data, the number of smart contracts deployed on the Ethereum mainnet reached 87 million in Q4 2025, setting a new quarterly record. This figure reflects the continuous growth of the ecosystem applications—from DeFi protocols and NFT platforms to various Web3 applications, developers' innovations on Ethereum have never stopped. The increase in the number of contracts often indicates rising ecosystem activity and innovation enthusiasm, especially in Q4 when market fluctuations still hit new highs, demonstrating the ecosystem's resilience.