Modular Account benchmarking results are in!
Modular Account can save up to 37% on L2 account creation costs compared to Biconomy v2, Kernel v2.1, and Safe.
We compared Modular Account to Biconomy v2, Kernel v2.1, and Safe, and we were able to reduce account creation costs on L2s by up to 37% 🤯
The biggest contributor to L2 transaction fees is the fee to post data to L1. By optimizing the size of calldata, Modular Account saves a lot on gas 💸
For teams with lots of users, Modular Account offers lots of savings 💰
The benchmarks also demonstrated:
✅ Users save up to 7% on native transfers and up to 8% on ERC-20 transfers
✅ Using session keys, savings increase up to 21% and 30% respectively
On L2s, Modular Account is the most cost-effective, enterprise-grade modular smart account implementation available today 🔥
A detailed breakdown of these benchmarking results, our methodology, and steps to re-run the benchmarking tool can be found in the aa-benchmarking Github repo.
This benchmark was recorded on Optimism on Feb 18, 2024, and is built on Hardhat for accurate, transaction-based fee measurements 👷♂️
For more details, read our Modular Account announcement!