Binance-Backed Trust Wallet Pioneers Smart EOAs with EIP-7702 Adoption

Trust Wallet, a leading non-custodial wallet in the $1.5 billion sector, has embraced EIP-7702 to revolutionize digital asset management by transforming externally owned accounts (EOAs) into smart contract-compatible wallets. This innovation addresses the growing demand for self-custody solutions while tackling the critical UX challenge of balancing security and simplicity. With projections indicating the non-custodial wallet market could reach $3.5 billion by 2031, Trust Wallet’s FlexGas feature—enabling fee payments in USDT, TWT, or BNB—further enhances multi-chain usability. This development marks a significant milestone in the evolution of cryptocurrency wallets, particularly for Binance-affiliated projects.

Smart EOAs Redefine Wallet Experience as Self-Custody Demand Grows

Trust Wallet’s adoption of EIP-7702 marks a pivotal shift in digital asset management, transforming externally owned accounts into smart contract-compatible wallets. The $1.5 billion non-custodial wallet sector, projected to reach $3.5 billion by 2031, faces a critical UX challenge: bridging the gap between security and simplicity.

FlexGas innovation allows fee payments in USDT, TWT, or BNB—addressing the multi-chain friction plaguing Web3 adoption. "Users aren’t just demanding control—they’re rejecting complexity," observes Nanfeng Jie, Trust Wallet’s product lead. The solution lies in smart account abstraction, where ethereum upgrades meet consumer-grade usability.

BNB Chain Expands Ecosystem with New dApps Across DeFi, GameFi, and AI Sectors

BNB Chain has bolstered its ecosystem with a wave of decentralized applications (dApps) launched between May 13 and May 19, 2025. The new projects span decentralized finance (DeFi), gaming, and artificial intelligence (AI), signaling continued innovation on the blockchain.

MOMOFUN emerges as a standout, merging AI-driven meme creation with DeFi functionality. Boxcat introduces a community-centric "Tap-to-Earn" GameFi model, while Maneki leverages AI to offer non-custodial wealth generation through decentralized passive income strategies.

Infrastructure advancements accompany these launches. Phron AI simplifies on-chain development through prompt-based tools, and BAB.FUN pioneers as BNB Chain’s first token launchpad with integrated Binance KYC verification.