Q4 2023 Account Abstraction Report
Summary
Alchemy Builders announces the Q4 2023 Account Abstraction report covering ERC-4337 adoption and key metrics. The report highlights 960,000+ new smart accounts (53% Q4 growth), 540,000+ user operations (193% surge), 25,000+ power users, and $1M+ in paymaster sponsorships with Alchemy bundler processing 24% of paymaster volume. This explains trends and tools like Account Kit and upcoming 2024 developments.
๐ Q4 2023 Account Abstraction Report: A Breakthrough Year in Web3! ๐
as 2023 wraps up, we're thrilled to share some incredible milestones from the world of Account Abstraction (ERC-4337) - a paradigm-changing primitive in EVM ecosystems! Our latest report is packed with insights and exciting developments. Here's a snapshot:
๐ Stellar Growth in Q4:
- 960,000+ New Smart Accounts: A staggering 53% increase in Q4 alone!
- Over 540,000 User Operations (UOs): That's a whopping 193% surge!
- mart Account Power Users: Skyrocketed 15X to over 25,000.
- $1M+ in Global Paymaster Sponsorship Volumes: A significant financial milestone.
- Alchemyโs Bundler: Processed a solid 24% of all global Paymaster volumes.
๐ก What's Next in 2024? Keep an eye on these emerging trends:
- P2P Mempool: An alternate mempool for UOs.
- EIP-7212: Adoption of the secp256r1 elliptic curve, paving the way for innovations like Passkeys.
- ERC-6900: Modular Smart Contract Accounts, a leap towards greater flexibility.
- RIP-7650: Native account abstraction on Layer 2 solutions.
- More AA Apps: Expect a surge in consumer-friendly applications.
๐ Dive Deeper: For a full breakdown of the stats and trends, check out our comprehensive report on the blog. It's free and packed with insights! ๐
๐ Read the Full Report
๐ท Join the Movement: This is just the beginning. There's still so much to build and explore. Start creating the future of web3 with Account Kit, your go-to solution for scalable, ERC-4337 compatible wallets and applications! Let's make 2024 even bigger!
Let's continue to push the boundaries of innovation in the web3 space! Excited to see what we all build together in 2024! ๐
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