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From my research EIP-7702 streamlines ERC-20 token approvals by allowing approve and transferFrom to be executed in a single transaction, significantly cutting gas costs.
Gas Cost Breakdown:
• Before EIP-7702:
• approve = ~45,000 gas
• transferFrom = ~50,000 gas
• Total per transfer: ~95,000 gas
• With EIP-7702:
• Batched transaction: ~70,000 gas
• Gas saved per transfer: ~25,000 gas (~26%)
Projected Network-Wide Impact:
Assuming 100,000 transactions per day, batching could save:
• 2.5 billion gas units daily
• Equivalent to ~1,250 ETH saved daily (at 50 gwei & 50M gas per block)
Tracking Impact in a Dashboard:
• Gas savings over time (daily, weekly, cumulative)
• Approval vs. batched transactions to track adoption
• Layer 2 comparisons to assess efficiency gains
This allows for real-time monitoring of cost reductions and EIP-7702’s effectiveness across Ethereum and L2s. 0 reply
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