Validators process transactions and receive fees from users (supply-side fees).

Ethereum is a smart contract platform for decentralized applications (a blockchain). Ethereum was founded by Vitalik Buterin, Anthony Di Iorio, Mihai Alisie, etc. and launched in 2015.

ETH holders own and govern the protocol. They currently take a cut of the total transaction fees (base fee) paid by users (revenue). Ethereum’s investors include KR1, Block Ventures, 8 Decimal Capital, etc.

governance

github

twitter

etherscan

website

Blockchains (L1)

Ethereum

# Ethereum Contracts deployed Methodology

## 1. Overview

The contracts deployed metric measures the total number of smart contracts deployed on the Ethereum blockchain per day. This metric provides insight into development activity and ecosystem growth by tracking new contract creations. The calculation counts unique contract deployment transactions that successfully create new smart contracts on the Ethereum network.

## 2. Data sources

The calculation relies on the following raw data sources:
- **Ethereum transaction traces**: Complete transaction execution traces that capture contract creation operations
- **Ethereum block data**: Block timestamps used for daily time boundaries
- **Contract creation events**: Specific transaction traces that result in new contract deployments, including deployer addresses and deployed contract addresses

## 3. Step-by-step calculation

### Component A: Contract creation extraction
- **Purpose**: Identifies and processes all contract creation events from Ethereum transaction data
- **Logic**: Extracts contract creation records from Ethereum transaction traces, capturing the creation timestamp (`block_timestamp`), deployed contract address (`contract_address`), deployer address (`deployer_address`), and trace address (`creation_trace_address`). Applies distinct filtering to remove any duplicate contract creation records that might exist in the raw data
- **Key fields**: `block_timestamp` for timing, `contract_address` for the deployed contract, `deployer_address` for the account creating the contract, `creation_trace_address` for transaction trace identification

### Component B: Daily aggregation 
- **Purpose**: Groups contract creations by day and adds blockchain classification metadata
- **Logic**: Truncates creation timestamps to daily boundaries using day-level time truncation. Groups all contract creations by the truncated daily timestamp and counts the total number of unique contracts deployed each day. Adds metadata fields including chain identifier as 'ethereum', market sector as 'blockchains_l1', business segment as 'blockchain', with product identifier set to null
- **Key fields**: `timestamp` (daily boundaries), `contracts_deployed` (daily count), chain and sector classification fields

### Final aggregation
- **Combining components**: The daily contract creation counts are processed through the finalize metric macro which standardizes the output format and applies gap-filling logic
- **Currency conversion**: Not applicable for this count-based metric
- **Time aggregation**: Data is aggregated to daily boundaries, with missing days filled with zero values to ensure complete time series
- **Final calculation**: The final metric value represents the total count of unique smart contracts successfully deployed on Ethereum for each calendar day, with chain availability filtering applied to ensure data quality within known data availability periods

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique smart contracts published onchain.

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Contracts deployed

Contracts deployed

Competitive landscape