Account Abstraction Stats (Q4 '23)

Smart Account Adoption & 2024 Narratives to Watch

Account Abstraction (ERC-4337) is a paradigm-changing primitive in EVM ecosystems, and our Q4 2023 report highlights record growth!

Here are the numbers:

1. Over 960,000 new smart accounts were created in Q4 (up 53%)

2. User Operations increased 193% in Q4 to over 5.4M UOs

3. Smart Account power users grew 15X to over 25,000 users

4. Global Paymaster sponsorship volumes passed $1M milestone

5. Alchemy’s bundler processed 24% of global Paymaster volumes

Cumulative Paymaster Volume (USD) for all Bundlers

A lot of progress, but still lots to build 👷

5 things to watch in 2024:

🔹 P2P Mempool - alt mempool for UOs
🔹 EIP-7212 - secp256r1 elliptic curve
🔹 ERC-6900 - Modular Smart Accounts
🔹 RIP-7650 - Native AA on L2s
🔹 AA apps - moarrr consumer apps

Get the full report for free on our blog!

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