This page is for information purposes only. Certain services and features may not be available in your jurisdiction.

What is EIP-7702?

EIP-7702 is a proposed Ethereum Improvement Proposal (EIP) designed to address specific challenges or introduce enhancements to the Ethereum ecosystem. It focuses on improving wallet interoperability, security, or user experience. EIP-7702 aims to enable EOA (Externally Owned Account) to have smart contract capabilities by setting code values for EOA, without requiring users to create new AA(Account Abstraction) accounts or rely on specific wallet service providers. Users can still use traditional EOA wallets and complete one-click operations with a variety of complex logic in the wallet.The main goal of EIP-7702 is to make Ethereum transactions or wallet interactions more efficient, reliable, and user-friendly. EIPs like 7702 help standardize and upgrade Ethereum's capabilities, benefiting developers, users, and decentralized applications (dApps).

Why Upgrade the Current Wallet to EIP-7702?

Limitations of the Existing EIP-4337

EIP-4337 introduced the concept of Account Abstraction(AA), enabling smart contract wallets to access advanced features such as paying gas fees with any token. However, despite its sophisticated design, the adoption rate of EIP-4337 remains relatively low. Many decentralized applications (dApps) have yet to fully support this protocol, limiting its practical usability and making it difficult to provide convenience for users relying on Externally Owned Accounts (EOAs).

Why Choose EIP-7702?

1. Enhanced Compatibility

EIP-7702 focuses on compatibility with Ethereum's existing infrastructure, empowering EOAs through an authorization mechanism to enjoy some of the benefits of Account Abstraction(AA). After the upgrade, the wallet can seamlessly connect to the latest dApps and protocols, ensuring users continue to access cutting-edge features of the Ethereum ecosystem while maintaining support for current standards.

2. Improved User Experience

Compared to EIP-4337, EIP-7702 aligns more closely with the immediate needs of users. It enables the hot wallet to provide a smoother transaction process, reduce operational complexity, and significantly improve transaction confirmation speeds. Additionally, users can pay gas fees with any token, eliminating the need to hold ETH specifically, thereby simplifying the interaction process—especially for new users and cross-chain users.

3. Expanded Feature Scope

The authorization mechanism introduced by EIP-7702 lowers the adoption threshold, allowing wallets to achieve advanced features similar to those of abstract accounts without requiring full protocol support from dApps. This flexibility unlocks greater innovation potential for developers and users, significantly broadening the functional capabilities of wallets.

Potential Use Cases for the EIP-7702 Upgrade

  1. One-Click Token Approval and Transfer Users can complete multi-step operations, such as token approval and transfer, in a single interaction, simplifying complex workflows.

  2. Batch Execution of DeFi Strategies Users can execute complex DeFi strategies, such as borrowing, staking, and asset rebalancing in a single transaction, improving efficiency and reducing gas costs.

  3. Flexible Gas Fee Payments Users can pay gas fees with any token instead of requiring ETH. This flexibility greatly enhances the user experience, especially in multi-chain interaction scenarios.

By upgrading to EIP-7702, the hot wallet not only addresses the shortcomings of EIP-4337 but also delivers more robust features, more intuitive interactions, and broader application scenarios. This upgrade is a critical step in ensuring the wallet's future competitiveness and user satisfaction.

what is eip 7702

Based on Ethereum's development timeline, EIP-7702 features will be rolled out in phases to ensure compatibility and stability.

Disclaimer
This article may cover content on products that are not available in your region. It is provided for general informational purposes only, no responsibility or liability is accepted for any errors of fact or omission expressed herein. It represents the personal views of the author(s) and it does not represent the views of OKX TR. It is not intended to provide advice of any kind, including but not limited to: (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stable-coins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.

© 2025 OKX TR. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state:"This article is © 2025 OKX TR and is used with permission." Permitted excerpts must cite to the name of the article and include attribution, for example "Article Name, [author name if applicable], © 2025 OKX TR." Some content may be generated or assisted by artificial intelligence (AI) tools. No derivative works or other uses of this article are permitted.

Related articles

View more
trends_flux2
Altcoin
Trending token

Pump.fun Revolutionizes Meme Coin Creation with $PUMP Token Presale and PumpSwap Launch

Introduction to Pump.fun: Simplifying Meme Coin Creation The cryptocurrency market has seen remarkable growth in the meme coin sector, now valued at over $62 billion. Pump.fun , a Solana-based platform, is revolutionizing this space by enabling users to create and trade meme coins without requiring technical expertise. Since its launch in January 2024, Pump.fun has facilitated the creation of over 10 million tokens, generating more than $700 million in cumulative revenue. This article delves into Pump.fun’s innovative features, its impact on the Solana ecosystem, and the highly anticipated launch of its native $PUMP token.
Jul 11, 2025
trends_flux2
Altcoin
Trending token

Bitcoin Hits $112,000: Institutional Adoption and Supply Dynamics Fuel Historic Surge

Bitcoin News Today: Historic Price Surge to $112,000 and Key Insights Bitcoin has achieved a groundbreaking milestone, reaching an all-time high of $112,000. This historic price surge is fueled by a combination of institutional adoption, macroeconomic trends, and shifting supply dynamics. In this article, we’ll delve into the key drivers behind Bitcoin’s rally, analyze critical on-chain metrics, and explore its implications for the broader financial ecosystem.
Jul 11, 2025
trends_flux2
Altcoin
Trending token

XRP Price Analysis: Key Indicators, Institutional Adoption, and Ripple's Regulatory Milestones

XRP News Today: Price Analysis, Legal Updates, and Market Insights XRP Price Analysis: Key Indicators and Technical Insights XRP has been making significant moves in the cryptocurrency market, with its current trading price hovering around $2.33 . Technical analysts have identified critical support levels between $2.25 and $2.26 , while resistance is observed in the $2.33 to $2.38 range. These levels are pivotal for traders monitoring potential breakout opportunities.
Jul 11, 2025