EIP-7702 launched on Ethereum 24 hours ago. Here are the top Authorized Contracts so far:
1. @WhiteBit Account -> 864 Authorizations
2. 0x802...c2bb -> 562 Authorizations
3. @Metamask Delegator -> 168 Authorizations
Authorization = Upgrading a regular EOA wallet to a smart wallet by authorizing a contract. Depending on the contract, the smart wallet will have features like transaction batching.
Authorized Contract = This is the contract whose code is used to upgrade your wallet.
The upgraded wallet has a "delegation designator" that points to this smart contract. When a transaction is sent to the EOA, it executes the code at the designated address.