Last week, 150,853 EIP-7702 smart accounts made an onchain action.

~67% of these accounts were authorizing a criminal contract designed to drain their funds at time of txn. Huge thanks to the @wintermute_t research team for their work labelling criminal contracts.

The four types of actions a 7702 account can make are

- ERC-4337 UserOps: Actions done using ERC-4337 UserOperations

- Self-initiated txns: Transactions where the smart account runs its own code

- Relayed actions: Actions initiated by a third-party wallet that calls the smart account's code (without using 4337)

- EOA txns: Regular transactions where the smart account didn't use its code