0xKofi

|@0xbbbb_eth has built a beautiful L2Beat-for-EIP7702 dashboard

Lots of great insight into different EIP7702 smart account implementations:
- TVL
- Features (eg. Batch calls)
- Method of transacting (eg. ERC4337 bundles)
And more!

Link in next tweet

EIP-7702 launched last week. More than 25,000 wallets are currently upgraded to EIP-7702 smart accounts.

- 13,013 on Ethereum
- 5,588 on OP Mainnet
- 5,261 on BSC
- 2,851 on Base
- 229 on Gnosis

EIP-7702 launched last week. More than 25,000 EIP-7702 smart accounts are live right now.

(1) 6.9k are @WhiteBit accounts
(2) 4.8k are @MetaMask accounts
(3) 4k use an unknown account implementation [0x497...268]
(4) 3.4k are @okx accounts

If one EOA
- authorizes the Metamask Delegator account implementation on one chain
- authorizes the Ambire account implementation on another chain would you count that as two EIP-7702 smart accounts or one?

Only a few EOAs have upgraded to smart accounts since EIP-7702 launched last week.

Within the next quarter, I predict most major wallets will add a 7702 auth button. Then millions will upgrade.

More than 14,000 wallets are currently upgraded to EIP-7702 smart accounts
(not sure how best way to phrase that. "currently upgraded"? "live"? "enabled"? what do you think?)

- 5,114 on Ethereum
- 4,192 on OP Mainnet
- 4,163 on BSC
- 556 on Base
- 152 on Gnosis
- 4 crosschain

Around 4pm UTC today EIP-7702 will be enabled on all the Superchain L2s

Fixing Ethereum UX doesn't end with Pectra. Pectra was just the beginning.

𝟳𝟳𝟬𝟮 𝗶𝘀𝗻'𝘁 𝗮 𝘄𝗶𝗻 𝘂𝗻𝗹𝗲𝘀𝘀 𝘄𝗲 𝘂𝘀𝗲 𝗶𝘁.

(1) Wallets like Metamask need to make it easy to upgrade your EOA to a smart wallet. Add an "upgrade" button.

(2) Apps need to be smart wallet compatible. For example, DEX interfaces should detect if you have a smart wallet and automatically enable single transaction approve+swap.

Fixing Ethereum UX doesn't end with Pectra. Pectra was just the beginning.

7702 isn't a win unless we use it.

(1) Wallets like Metamask need to make it easy to upgrade your EOA to a smart wallet. Add an "upgrade" button.

(2) Apps need to be smart wallet compatible. For example, DEX interfaces should detect if you have a smart wallet and automatically enable single transaction approve+swap.

Ethereum EIP-7702 metrics for 2025-05-07
✨Authorizations: 1,103
⚡️Set Code Transactions: 377
📜Authorized Contracts: 29

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.

EIP-7702 misconceptions I've seen on the timeline today:

> All Ethereum wallets are now smart wallets
Not true. An EOA wallet has to sign an EIP-7702 authorization to get upgraded into a smart wallet.

For safety reasons, wallet apps will be restrictive about which smart wallet implementations you can authorise.

There isn't yet a button you can click in Metamask, Coinbase wallet .etc to upgrade your EOA. We should see more developments re making it easy to upgrade soon.

If you want to try out 7702 today, you can do so using the Metamask 7702 playground (linked in next tweet) or Ambire wallet

> Authorizations only last one transaction and then the wallet becomes a regular EOA again
You're confusing 7702 with the older 3074 proposal. The authorization lasts until the user revokes it.

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.

We just hit 1,000 EIP-7702 Authorizations on Ethereum mainnet! 🥳🥳🥳

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

It's been an hour since EIP-7702 went live on Ethereum mainnet. So far, there have been:

- 40 "Set Code" Transactions ✨
- 13 Authorized Contracts 📜
- 38 Single-Chain Authorizations ⛓️
- 2 Cross-Chain Authorizations ⛓️

Set Code Transaction = In this new type of transaction, you upgrade your regular EOA wallet to a Smart Wallet.

Depending on the code that is set to your wallet, it will get new abilities like transaction batching.

Authorized Contract = This is the contract whose code is used to upgrade your wallet.

I made a @Dune dashboard tracking EIP-7702 usage on Ethereum 🪪✨

- "Set Code" Transactions 📈
- Authorized Contract Leaderboard 📈
- Single vs Cross-Chain Authorizations 📈

Link in next tweet

EIP-7702 goes live on Ethereum mainnet in about an hour.

But did you know it's already been live on Gnosis Chain for a week and on BSC for more than a month?

Here's a summary of the stats:

BSC 🟧
71,120 Set Code Transactions
71,115 Single Chain Authorizations
5 Cross-Chain Authorizations
87 Authorized Contracts

Gnosis 🟩
126 Set Code Transactions
126 Single Chain Authorizations
0 Cross-Chain Authorizations
4 Authorized Contracts

Set Code Transaction = In this new type of transaction, you upgrade your regular EOA wallet to a Smart Wallet.

Depending on the code that is set to your wallet, it will get new abilities like transaction batching.

Authorized Contract = This is the contract whose code is used when upgrading your wallet.

Thanks to @AlliumLabs for the transaction data!

EIP-7702 goes live on Ethereum mainnet in about an hour.

But did you know it's already been live on Gnosis for a week and on BSC for more than a month?

Here's a summary of the stats:

BSC 🟧
71,120 Set Code Transactions
71,115 Single Chain Authorizations
5 Cross-Chain Authorizations
87 Authorized Contracts

Gnosis 🟩
126 Set Code Transactions
126 Single Chain Authorizations
0 Cross-Chain Authorizations
4 Authorized Contracts

Set Code Transaction = In this new type of transaction, you upgrade your regular EOA wallet to a Smart Wallet.

Depending on the code that is set to your wallet, it will get new abilities like transaction batching.

Authorized Contract = This is the contract whose code is used when upgrading your wallet.

Thanks to @AlliumLabs for the transaction data!

7702 is only a win if we use it.

Wallets need to offer a good UX for finding and authorizing contracts. Apps need to be smart wallet compatible. We can do it guys, I believe in us 🤝

Going to be tracking the adoption and reporting from day 1 🫡