The following is the guest posts and analysis of Nanfeng JIE, the chief product manager of Trust Wallet.
Over the past few years, we have seen a clear change in how people interact with digital assets. More users are intentionally choosing their own use for greater control and responsibility. This trend is reflected in the rapid rise of the following tools: Trusted walletOne of the most widely used early wallets in Web3.
In Trust Wallet, I saw myself how fast my expectations are. Users want more than security. I want simplicity. The insights have guided our decisions to be one of the first wallets to support our support. EIP-7702Ether Lee’s latest proposal to create an external ownership account (EOA) acts like a smart contract. It has led to the development of Flexgas, and it is a function that allows users to pay gas costs with tokens that are already owned, such as USDT, TWT or BNB.
Now, I will step back and review the wider market situation and the actual pain point to rethink how the gas fee works.
Recent market research The non -custody wallet sector was $ 1.5 billion in 2023, reaching $ 3.5 billion by 2031, and increased to 8%between 2024 and 2031.
But the scale alone does not tell the whole story because the user experience did not maintain speed. People are still juggling across the chain, manually managing gas balances, and giving up their transactions when approval is meaningless.
One of the most common feedback wallet teams is that the wallet team you hear from the user is simple. “I don’t want to think about gas. And it is a fair point. The gas fee is not just a cost. They are cognitive burdens. All failed or delayed transaction chips can trust the system.
This problem is in the architecture we have depended on for more than 10 years: EOA, most users’ basic wallet types. It’s light and safe, but it’s a programmous and dynamic interaction that defines today’s distributed applications (DApps).
That’s why Ether Leeum EIP-7702 suggests such a meaningful change.
A flexible new layer for wallet movements
first proposal In May 2024, by Vitalik Buterin, the EIP-7702 introduces subtle but essential evolution in the operation of the Etherrium account. This allows the EOA to temporarily take a smart contract in a single transaction and bring the advantage of the account abstraction (AA) without force it to migrate to the new account type or give up the seed stationery -based control.
Using the EIP-7702, the user accesses more flexible transaction logic and at the same time maintains a complete custody of assets. In other words, it means that the approval and measures are bundled with a single tab, allowing repeated payment, or supporting a session key commissioned without a separate smart contract.
In short, the EIP-7702 means less, a less confusing and softer user experience. Trading is faster and predictable, and if you don’t have a default asset in advance, you can use the token you already have to pay a gas fee.
Technically, the EIP-7702 acts as an expansion of modular expressions for the EOA model. The user signs the intention, which may contain custom logic, and the wallet executes the intention through a temporary contract. When the transaction is completed, the account returns to the standard EOA state and unlocks the more intelligent transaction layer for developers and infrastructure providers.
As a result, Web3 begins to act as if it was built for real people, not protocols.
Infrastructure after abstraction
To support EIP-7702 on scale, you need more than an integration of the new transaction type or a UI (User Interface) update. We need a powerful and modular backend infrastructure that can interpret user intentions, dynamically route gas, and intercept the chain to execute complex movements stably.
In Trust Wallet, we decided not to depend on third -party abstracts or SDKs. Instead, we have completely developed our own account abstraction engine in-house, and are made of safe, expandable, chain-emergency. This modular system includes:
- paymaster -Payment of customized gas logic and token -based gas payment
- Bundled -It optimize multi -level transactions
- relay -Powerful and fast submission of abstract transactions
- Gas commission -It is intelligent for routing by managing gas sauce and crossing the network.
This internal architecture provides a continuous advantage of performance and reliability to trustwallets and sets a new standard for EOA -based smart wallet design. We also opened the path of Flexgas, the first prominent feature we created in our basics. Flexgas allows users to pay gas costs with tokens like USDT or TWT of Ethereum and BNB chains.
Definitely, all these improvements preserve the nature of why self -use is attractive. The user completely controls the private key, the seed stationery does not change and does not need to be upgraded to the contract -based wallet. This balance (between power and autonomy) is the reason for making the EIP-7702 a significant upgrade rather than a destructive replacement.
Changing the wallet into an intelligent agent
If it is widely adopted, the EIP-7702 can be a definition layer in the next-generation Web3 infrastructure. This enables the future, which is a good response and intelligent agent. Clock complex strategic automation, on boarding users and interaction locks without friction.
The first real application is already moving. There is almost a feature that allows users to pay gas costs with the tokens they already have. All smart transaction policies for on boarding, automatic execution strategy, wallet standby service models and institutional grades can be reached.
The biggest breakthrough of encryption is often from a quiet upgrade that removes invisible friction, not a radical inspection. EIP-7702 can be that. It does not change the way of thinking about Ethereum’s security model. What the model can do to the user changes.
At the end of the day, the progress of Web3 does not depend on how wise the contract is. It depends on how naturally you feel.