Its been about 12 hours since EIP-7702 launched on Ethereum mainnet. In that time, there have been:

- 1,034 Authorizations ✨

- 308 Set Code Transactions ✨

- 29 Authorized Contracts ✨

Authorization => Upgrading an EOA wallet to a smart wallet by authorizing a contract. Depending on the contract, the smart wallet will have features like transaction batching.

Set Code => In this new type of transaction, EOAs are upgraded to smart wallets. A set code txn can contain multiple Authorizations

Authorized Contract => This is the contract whose code is used to upgrade the wallet. The upgraded wallet has a "delegation indicator" that points to this smart contract. When a transaction is sent to the EOA, it executes the code at the designated address.