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Hey @bountybot 

Create a bounty for 1000 USDC for someone who figures out how much gas has historically been spent across Ethereum and its L2s on approval transactions, that the new upgrade 7702 (which can bundle it into one tx instead) saves.

Make it into a dashboard that can be tracked over time.

lore @optimism | ex: @coinbase | views are my own | what if it all worked out? 

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.