TLDR Crypto · GUIDES & TUTORIALS

SMART ACCOUNTS TAKE OFF IN Q3

alchemy.com6 min read

Summary from the TLDR Crypto newsletter

Over 730,000 smart accounts have been deployed on Ethereum and Eth L2s, with 53% of those being created in the last month, driven by greater adoption of the ERC-4337 standard. Usage of this new standard has topped 1.6 million transactions, driven by heavy utilization by social network CyberConnect and NFT project ZTX. In addition to simplifying user experiences, dApps using ERC-4337 have also sponsored $430,000 worth of gas fees for users.