PANews reported on May 8 that according to Cointelegraph, the Ethereum Pectra upgrade officially introduced the EIP-7702 proposal, which was called "Ethereum's most significant user experience upgrade to date" by Ivo Georgiev, the founder of the smart wallet Ambire. The proposal allows existing accounts to temporarily have smart contract functions, and users can obtain account abstraction (AA) advantages without creating new addresses, including cross-chain unified asset management, gas fee payment (supporting stablecoin payments) and programmatic trading. Ambire and Trust Wallet have taken the lead in deploying support.
Trust Wallet announced that its AA solution supports batch transactions (such as authorization, exchange, and signature in one stop) and third-party gas fee sponsorship functions, and existing users can enable it without resetting the mnemonic. CEO Eowyn Chen said that EIP-7702 will promote the evolution of wallets from "static key managers" to "smart agents." Ambire emphasized that its solution is completely self-developed, integrated with the Li.Fi cross-chain aggregator, and claims to prevent phishing attacks. In the future, it will support AI agents to automatically manage DeFi positions.
