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 New figures show hardly anyone is using ERC 4337 smart accounts

New figures show hardly anyone is using ERC 4337 smart accounts


Published: 2023-11-14


1. Low Adoption of Ethereum Smart Accounts: The article highlights the low adoption of Ethereum smart accounts,with the majority of users not utilizing them effectively. Despite the potential benefits of smart accounts,such as increased security and programmable functionality,the level of utilization remains alarmingly low. This poses questions about the reasons behind the reluctance of users to embrace this technology. It is crucial to delve into the challenges faced by developers and end-users in order to understand the factors contributing to this lack of adoption.

2. Reasons for Low Adoption: One of the key reasons cited in the article is the complexity of smart contracts. Smart contracts require a certain level of technical expertise,making them less user-friendly for individuals without a programming background. Additionally,the article suggests that the lack of user-friendly tools and interfaces may also hinder the widespread adoption of smart accounts on the Ethereum network. Addressing these challenges would be essential in attracting more users to take advantage of the benefits offered by smart contracts.

3. Potential Impact on the Ethereum Ecosystem: The minimal usage of Ethereum smart accounts could have a significant impact on the overall Ethereum ecosystem. With smart contracts being a fundamental building block of decentralized applications (DApps) and the foundation of various projects on the Ethereum platform,the slow adoption rate has repercussions on the growth and potential of the ecosystem. It raises concerns about the scalability of such projects and their ability to deliver the promised benefits to users. Developers and Ethereum stakeholders must address these challenges to maintain Ethereum's status as a leading blockchain platform. Overall,the article sheds light on the low adoption of Ethereum smart accounts,highlighting the complex nature of smart contracts and the lack of user-friendly tools as key factors hindering their usage. The slow adoption rate can potentially impact the growth and potential of the Ethereum ecosystem,making it essential for developers and stakeholders to address these challenges in order to unlock the full potential of smart contracts on the Ethereum network.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 66,517.62 1,285,767,071.61
2 ARS title=ARS 1,109.20 787,678,925.20
3 ETH title=ETH 3,078.79 557,050,834.17
4 SOL title=SOL 170.25 477,090,231.78
5 PEPE title=PEPE <0.01 185,676,191.48
6 BONK title=BONK <0.01 153,758,505.13
7 WIF title=WIF 2.54 144,326,322.25
8 DOGE title=DOGE 0.15 116,215,905.89
9 LINK title=LINK 16.70 86,888,863.02
10 FTM title=FTM 0.86 78,009,356.14
11 RNDR title=RNDR 9.97 75,594,125.48
12 BOME title=BOME 0.01 70,306,408.03
13 XRP title=XRP 0.51 69,263,183.66
14 NEAR title=NEAR 7.89 63,352,871.80
15 CREAM title=CREAM 72.08 62,288,404.58
16 RUNE title=RUNE 6.59 62,073,491.55
17 ORDI title=ORDI 39.60 52,581,413.87
18 ENA title=ENA 0.71 52,336,433.77
19 FLOKI title=FLOKI <0.01 46,684,485.14
20 PYTH title=PYTH 0.36 42,670,532.70
21 AVAX title=AVAX 35.62 41,918,962.15
22 BCH title=BCH 483.80 40,952,026.94
23 PEOPLE title=PEOPLE 0.04 37,737,213.32
24 WLD title=WLD 4.73 36,952,445.12
25 RSR title=RSR <0.01 35,160,259.58
26 ICP title=ICP 12.63 33,426,728.57
27 FIL title=FIL 5.56 32,358,129.54
28 AEVO title=AEVO 0.78 30,331,565.71
29 FARM title=FARM 77.94 28,766,999.03

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Cream title=CREAM 72.08 +24.86
2 Harvest Finance title=FARM 77.94 +16.07
3 Unifi Protocol DAO title=UNFI 4.63 +14.35
4 Ooki title=OOKI <0.01 +9.48
5 Viction title=VIC 0.47 +8.13
6 BinaryX title=BNX 1.08 +7.92
7 Phala title=PHA 0.20 +5.57
8 Arweave title=AR 48.79 +3.53
9 PAX Gold title=PAXG 2,424.00 +1.72
10 Chainlink title=LINK 16.70 +1.60
11 Golem title=GLM 0.54 +1.39
12 Uniswap title=UNI 7.91 +1.37
13 Marlin title=POND 0.02 +1.20
14 AS Roma Fan Token title=ASR 3.73 +0.40

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Pyth Network title=PYTH 0.36 -17.21
2 ForTube title=FOR 0.02 -14.16
3 Bluzelle title=BLZ 0.28 -13.22
4 Tensor title=TNSR 0.80 -12.13
5 Saga title=SAGA 1.99 -11.00
6 Manta Network title=MANTA 1.41 -10.36
7 Portal title=PORTAL 0.71 -10.11
8 DIA title=DIA 0.46 -9.56
9 0x Protocol title=ZRX 0.54 -8.90
10 Lisk title=LSK 1.73 -8.89
11 Starknet title=STRK 1.04 -8.67
12 Manchester City Fan Token title=CITY 3.10 -8.57
13 Celestia title=TIA 8.68 -8.54
14 Bonk title=BONK <0.01 -8.52
15 Fusionist title=ACE 4.47 -8.46
16 Bounce title=AUCTION 13.50 -8.41
17 Yield Guild Games title=YGG 0.84 -8.10
18 Beta Finance title=BETA 0.06 -7.88
19 Pixels title=PIXEL 0.34 -7.87
20 Alchemix title=ALCX 23.28 -7.58
21 Omni Network title=OMNI 13.70 -7.56
22 Reserve Rights title=RSR <0.01 -7.47
23 Hifi Finance title=HIFI 0.76 -7.12
24 Massive Protocol title=MAV 0.35 -7.08
25 Grok title=XAI 0.59 -7.02
26 W 0.52 -6.96
27 Polymesh title=POLYX 0.42 -6.94
28 Decred title=DCR 19.28 -6.77
29 Rocket Pool title=RPL 18.28 -6.69
30 TrueFi title=TRU 0.12 -6.69

Bitcoin's Greed and Fear Index.

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70
Greed

Global CryptoCurrency News

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at news date
1 Microsoft faces multibillion dollar fine in EU over Bing AI 2024-05-19
2 Bitcoins 669K price holds strong casts doubts on a deep correction 2024-05-19
3 Phantom Wallet climbs Apple app store charts Bullish sign for Solana 2024-05-19
4 XRPL on chain transactions jump 108 in Q1 2024 2024-05-19
5 Venezuela bans crypto mining to protect power grid 2024-05-19
6 Bitcoin clings to 67K but analysis warns of 10 BTC price drop next 2024-05-19
7 Tornado Cash verdict has chilling implications for crypto industry 2024-05-19
8 OpenAI leadership responds to former employee safety allegations 2024-05-19
9 Microsoft faces multi billion dollar fine in EU over Bing AI 2024-05-19
10 Bitcoin039s 669K price holds strong casts doubts on a 039deep correction039 2024-05-19
11 Crypto personality pleads guilty to fraud after promising 60 fictitious returns 2024-05-18
12 Aussie admits to promoting BitConnect crypto services without a license 2024-05-18
13 If SEC approves spot Ether ETFs many will be caught severely offside 2024-05-18
14 Genesis Global secures court approval for 3B payout 2024-05-18
15 US authorities bust 73M crypto scam make two arrests 2024-05-18
16 AI safety researchers leave OpenAI over prioritization concerns 2024-05-18
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18 LayerZero identifies over 800K addresses in sybil self reporting phase 2024-05-18
19 Godfather of AI advises UK government to start UBI 2024-05-18
20 US Treasury strategy would tighten virtual asset regulations increase AI use 2024-05-18
21 Tornado Cash founder sent to prison DeFis EU struggles Finance Redefined 2024-05-18
22 Ethereum price rallies above 31K after unexpected regulatory victory 2024-05-18
23 Blockchain gaming investments reached nearly 1B in April 2024-05-18
24 Crypto Biz Galaxy CoinShares Q1 results ETFs on the blockchain and more 2024-05-18
25 Alex Labs freezes 39M of exploited funds sent to CEXs after hack 2024-05-18
26 Ghana Singapore conduct trade in semi fungible token pilot project 2024-05-18
27 Changpeng Zhao teases writing project ahead of reporting to prison 2024-05-18
28 Crypto personality pleads guilty to fraud after promising 60 039fictitious039 returns 2024-05-18
29 Biden may rethink SAB 121 vote veto due to political support for crypto 2024-05-18
30 Over 80 of recent Binance token listings are bleeding red 2024-05-17
31 Binance exec denied bail in Nigeria money laundering trial 2024-05-17
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48 DTCC Chainlink complete fund data tokenization pilot with US banks 2024-05-17
49 Altcoins a relatively huge risk as days of big returns are gone say analysts 2024-05-17
50 Reentrancy attacks in smart contracts explained 2024-05-16

US news that has a significant impact on the market

at news day date time
1 Fed Chair Powell Speaks Sunday 19-05-2024 20:30
2 FOMC Member Bostic Speaks Monday 20-05-2024 12:30
3 FOMC Member Bostic Speaks Monday 20-05-2024 13:45
4 FOMC Member Waller Speaks Monday 20-05-2024 14:00
5 FOMC Member Barr Speaks Monday 20-05-2024 14:00
6 FOMC Member Jefferson Speaks Monday 20-05-2024 15:30
7 FOMC Member Mester Speaks Monday 20-05-2024 19:00
8 Treasury Sec Yellen Speaks Tuesday 21-05-2024 09:00
9 FOMC Member Waller Speaks Tuesday 21-05-2024 14:00
10 FOMC Member Barkin Speaks Tuesday 21-05-2024 14:00
11 FOMC Member Williams Speaks Tuesday 21-05-2024 14:05
12 FOMC Member Bostic Speaks Tuesday 21-05-2024 14:10
13 FOMC Member Barr Speaks Tuesday 21-05-2024 16:45
14 FOMC Member Mester Speaks Wednesday 22-05-2024 00:00
15 Existing Home Sales Wednesday 22-05-2024 15:00
16 Crude Oil Inventories Wednesday 22-05-2024 15:30
17 FOMC Meeting Minutes Wednesday 22-05-2024 19:00
18 Unemployment Claims Thursday 23-05-2024 13:30
19 Flash Manufacturing PMI Thursday 23-05-2024 14:45
20 Flash Services PMI Thursday 23-05-2024 14:45
21 New Home Sales Thursday 23-05-2024 15:00
22 Natural Gas Storage Thursday 23-05-2024 15:30
23 FOMC Member Bostic Speaks Thursday 23-05-2024 20:00
24 Core Durable Goods Orders m/m Friday 24-05-2024 13:30
25 Durable Goods Orders m/m Friday 24-05-2024 13:30
26 FOMC Member Waller Speaks Friday 24-05-2024 14:35
27 Revised UoM Consumer Sentiment Friday 24-05-2024 15:00
28 Revised UoM Inflation Expectations Friday 24-05-2024 15:00

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