Ethereum’s Pectra Upgrade Fuels Base Network’s Scalability and Wallet Innovation News ETHNews

After Pectra, smart wallet adoption has taken off with over 11,000 EIP-7702 authorizations on Ethereum

Ethereum’s Pectra Upgrade Fuels Base Network’s Scalability and Wallet Innovation News ETHNews

Pectra’s 6-9 blobs/block double Ethereum’s L2 throughput; Base targets 250 Mgas/s to scale on-chain transactions. EIP-7702 enables smart wallet upgrades without address changes, aligning with Base’s “dream wallet” for seamless user transitions. Ethereum’s Pectra upgrade, activated on May 7, has unlocked new capabilities for Layer-2 networks, with Coinbase’s Base Network emerging as a primary beneficiary. The upgrade introduces EIP-7702, enabling…

Over 25,000 Wallets Upgrade to EIP-7702 as ETH Jumps 20% and Dubai Partners for Government Crypto Payments

Following the recent launch of the Ethereum Improvement Proposal 7702 (EIP-7702) known as the Pectra upgrade, there has been a marked increase in smart wallet adoption across multiple blockchain networks. Over 25,000 smart accounts have been upgraded to EIP-7702, with 13,013 on Ethereum, 5,588 on Optimism (OP) Mainnet, 5,261 on Binance Smart Chain (BSC), 2,851 on Base, and 229 on Gnosis. Within a week of the upgrade, more than 11,000 EIP-7702 au…

Smart Wallet Use Rises With 11,000 Ethereum EIP-7702 Authorizations a Week After Pectra Update

Ethereum’s Pectra Upgrade Ignites Smart Wallet Functionality with Rapid EIP-7702 Uptake A significant surge in smart wallet capabilities on the Ethereum network has been observed, directly following the implementation of the Pectra upgrade. Within merely one week of Pectra’s introduction, authorizations for EIP-7702 surpassed 11,000, signaling a strong and enthusiastic reception from both digital wallet providers and decentralized applications (…