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EIP-7702 Metrics

Currently Live Smart Accounts

398,639

Smart Accounts

Total Authorizations

507,643

Authorizations

Total Set Code Txns

144,658

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

Ethereum Weekly Active Smart Accounts

Smart accounts that are making UserOps and/or transactions

Ethereum Weekly Smart Account Actions

UserOps and transactions made by smart accounts

Ethereum Weekly Smart Account Actions by Type

UserOps and transactions made by smart accounts

relayed action
erc-4337 userop
self-initated txn
eoa txn

Live Smart Accounts

Wallets that have an active 7702 authorization

In-use Authorized Contracts

Contracts that are authorized by at least one wallet

Ethereum Weekly Authorizations

Ethereum Weekly Set Code Transactions

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.