Smart contracts continue to rise amid market downturn: BNB Chain Q2 report
BNB Chain noted that the rise in verified smart contracts highlights the demand for security, reliability and scalability. Although some consider the second quarter of 2023 a lost quarter, others find that the smart contracts industry remains resilient. Even though the crypto space suffered from lower investments from venture capital firms, developers continue to deploy smart contracts , signaling a growing demand for blockchain-based solutions. In its Q2 report for 2023, blockchain platform BNB Chain noted an increase in verified smart contracts. According to the report, platforms like BNB Chain, Ethereum, Polygon, Fantom, Avalanche, Arbitrum and Optimism all recorded a percentage increase in verified smart contracts in Q2. Number of smart contracts verified weekly from September 2022 to the end of June 2023. Source: BNB Chain BNB Chain said that the rise in verified smart contracts across multiple blockchains highlights the “increasing importance placed on security, reliability,...