Developer contributions on Ethereum fell sharply, signaling reduced network growth.
Ethereum’s spot volume continues declining, reflecting weaker investor participation.
Ethereum has seen a steep decline in developer contributions. According to CryptoRank, total weekly developer commits across the crypto space have dropped from 176,000 in August 2023 to 65,230.
Source: Cryptorank
This figure mirrors levels seen in 2018, when weekly contributions stood at 64,210. Ethereum’s ecosystem, once dominant in this area, now represents 44% of all commits, down from a high of 93,200 to 28,700 per week.
Analysts see this as a reflection of broader market sentiment. Developer activity is a key indicator of project health and future adoption. The current downturn may indicate shifting priorities among builders or a cooling interest in blockchain development overall.
At press time, the Ethereum price was $1,798.41, reflecting a 0.73% increase in the past 24 hours.
Spot Volume Signals Weakening Momentum
Ethereum’s spot volume has also been in steady decline, according to a CryptoQuant analysis by Darkfost. The “Spot Volume Bubble Map,” which tracks market activity from 2017 through 2025, shows a clear downtrend.
Key overheating periods, marked by red indicators on the chart, have now given way to cooling phases represented by green dots.
Source: CryptoQuant
Currently, Ethereum’s price sits at the lower end of its long-term range between $1,000 and $4,000. The decrease in spot trading volume indicates falling investor interest and market activity.
Analysts interpret this as a sign of reduced liquidity and possibly waning confidence. Ethereum’s already volatile price could face additional pressure if trading volumes remain low in the coming months.
Pectra Upgrade Introduces EIP-7702 Functionality
Despite market and development slowdowns, Ethereum has continued to push technical updates. The latest upgrade, Pectra, merges the Prague and Electra versions. A key feature is the activation of EIP-7702, which introduces temporary smart contract delegation for externally owned accounts (EOAs).
Ahoj Pectra 
EIP-7702 Authorizations are live!https://t.co/jxwzuAMKbx pic.twitter.com/1QHKr7A1O0
— etherscan.eth (@etherscan) May 7, 2025
EIP-7702 allows EOAs to authorize smart contracts to act on their behalf through a new transaction type, known as a “set code transaction” (0x04). This enables more flexible user interactions, such as batching operations or sponsoring gas fees. The authorizations are managed by an “authorization_list” and can be reversed through code-resetting actions.
Security concerns remain a priority, as users may become vulnerable to unverified contracts or nonce mismanagement, leading to replay attacks. Etherscan now displays all EIP-7702 authorizations to mitigate risks, helping users track delegation activity more transparently.
<p>The post Ethereum Activity Drops to 2018 Levels as Developer Commits Plunge first appeared on Coin Crypto Newz.</p>
