ETH Pectra Upgrade After Smart Wallet Usage Surge…EIP-7702 Approval 11,000 Cases Exceeded

According to The Block, after the Ethereum Pectra upgrade, EIP-7702, which is focused on smart wallet functionality, recorded over 11,000 authorizations in one week.

EIP-7702 provides technology that allows access to advanced features without completely migrating to a new smart contract wallet. As a result, even users lacking technical knowledge can easily access the Ethereum ecosystem, leading to a significant increase in smart wallet usage after the Pectra upgrade.

Market experts predict that as Ethereum's accessibility increases, the influx of new users will accelerate, and network activity will become more active.