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Promote with Leviathan NewsEthereum has seen a sharp uptick in EIP-7702 “smart wallet” authorizations in the week following the Pectra upgrade, with Walletbeat data showing more than 11,000 EIP-7702-enabled wallets on mainnet over that period. The Pectra hard fork activated EIP-7702, a new transaction type that lets standard externally owned accounts (EOAs) temporarily delegate execution to a smart contract wallet implementation, effectively giving regular wallets access to smart-account features without requiring users to migrate to a new contract-based address. According to coverage, this early activity suggests rapid experimentation by wallet providers and users with account-abstraction style functionality immediately after Pectra. EIP-7702 is significant because it offers a protocol-level path to smart wallet capabilities—such as batch transactions, gas abstraction (including paying gas in tokens like USDC via paymasters), permissioned sub-keys, and improved recovery—while allowing users to keep their existing addresses, balances, and history. Instead of deploying a dedicated smart contract wallet per user, EOAs can attach or “borrow” smart-contract logic via authorizations that are managed largely by wallet providers. This design reduces friction compared with earlier account abstraction approaches and is viewed by infrastructure providers as a major UX upgrade for Ethereum wallets, with the early surge in 7702 authorizations indicating that Pectra’s account-abstraction features are beginning to see real-world adoption across the ecosystem.
AI-generated background, compiled from web sources — not editorial content.
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