PANews reported on May 8th that according to Cointelegraph, the Ethereum Pectra upgrade officially introduced the EIP-7702 proposal, which was called the "most significant user experience upgrade in Ethereum's history" by Ivo Georgiev, founder of smart wallet Ambire. The proposal allows existing accounts to temporarily have smart contract functionality, enabling users to obtain account abstraction (AA) advantages without creating new addresses, including cross-chain unified asset management, gas fee sponsorship (supporting stablecoin payment), and programmable trading. Ambire and Trust Wallet have been the first to deploy support.
Trust Wallet announced that its AA solution supports batch transactions (such as authorization, exchange, and signature completion in one step) and third-party gas fee sponsorship functionality, which can be enabled for existing users without resetting their seed phrase. CEO Eowyn Chen stated that EIP-7702 will drive wallets to evolve from "static key managers" to "smart agents". Ambire emphasized that its solution is completely self-developed, integrated with Li.Fi cross-chain aggregator, and claims to prevent phishing attacks, with plans to support AI agents for automatic DeFi position management in the future.
