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EIP-7702 Metrics

Currently Live Smart Accounts

1,781,701

Smart Accounts

Total Authorizations

17,084,944

Authorizations

Total Set Code Txns

733,112

Transactions

The active account metrics track four types of onchain action:

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

Weekly Active Smart Accounts

Smart accounts that are making UserOps and/or transactions

Weekly Smart Account Actions

UserOps and transactions made by smart accounts

Weekly Smart Account Actions by Type

UserOps and transactions made by smart accounts

Live Smart Accounts

Wallets that have an active 7702 authorization

In-use Authorized Contracts

Contracts that are authorized by at least one wallet

Live Smart Accounts Market Share

In-use Authorized Contracts Market Share

Weekly Authorizations

Weekly Set Code Transactions

Authorizations Market Share

Set Code Transactions Market Share

What is an EIP-7702 smart account?

A smart contract wallet AKA smart account is a customizable Ethereum account. Smart accounts can be programmed with features like

* Batched transactions: Multiple actions, such as approving and swapping on a DEX, can be combined into one transaction.

* Gas fee abstraction: Users can transact without having to pay gas fees in the native token.

What is an EIP-7702 Authorization?

Regular EOA wallets upgrade to EIP-7702 smart accounts by authorizing a contract. The upgraded wallet has a "delegation indicator" that points to the authorized contract. When a transaction is sent to the EOA, it executes the code of the authorized contract.

To downgrade back to a regular EOA, the wallet authorizes the burn address.

What is a Set Code transaction?

A transaction where Authorizations are executed onchain, thereby upgrading EOAs to smart accounts. One set code txn can contain multiple Authorizations.