<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDQvNzFlY2I0NTYtZTFkZi00ZmRiLTk2NjItZTEwY2VkNzI3ZmQwLmpwZw==.jpg"></p><p>Layer 2s also saw increased development activity, with year-over-year smart contract deployment increasing by 160%.</p>