Ethereum’s Pectra upgrade has led to a surge in smart account usage, with over 26,000 wallets transitioning to the new format powered by EIP-7702. This new standard allows regular Ethereum wallets to operate like smart contracts, offering features such as automated spending and multi-step actions. Smart accounts are gaining traction on layer-2 networks like Base and Optimism, with exchange and wallet providers also embracing the shift.

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