More than 1 million smart accounts have been deployed, Alchemy says

An estimated 53% of the total smart accounts deployed were created in Q4 of 2023, a report by Web3 development platform Alchemy shows. 

Of the total 1.8 million deployments since the launch of ERC-4337 at Walletcoin in March 2023, over 960,000 of these smart accounts were created in the past three months. 

Will Hennessy, Alchemy’s account abstraction lead, notes that these numbers exceeded initial expectations.

“The Ethereum Foundation just deployed ERC-4337 contracts in March 2023, so this early adoption is faster than expected. It shows how hungry app developers are to solve [user experience] problems like gas sponsorship,” Hennessy said.

Smart contract accounts, unlike…

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