Evolution of Wallets
summary
Discussion shows wallets evolving from connection protocols to full smart accounts: WalletConnect’s protocol and web3modal enable remote and embedded connections, Dynamic powers post-login embedded wallets for Pudgy Penguins and Doodles, and Argent reports 2 million smart accounts with $1B in assets and 100% AA adoption on Starknet. Panel argues smart accounts solve fragmentation but embedded wallets trade security for UX, calls for shared standards (EIP-6963) and cautions that EIP-7212/passkeys face gas and deployment hurdles.
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chapters (26)
- 0:00Panel intro and speaker introductions
- 1:29What Dynamic and WalletConnect do
- 2:34Argent’s Starknet smart wallet overview
- 3:09Defining embedded wallets and use cases
- 5:18Embedded wallets vs interoperability
- 6:59Friction in onboarding beyond wallets
- 8:04Global vs siloed wallets: pros and cons
- 10:14Use cases where global wallets don’t matter
- 11:29Why universal identity still matters
- 12:34Segmentation vs privacy in wallet identity
- 14:09Tradeoffs of topping up balances across dapps
- 15:18The problem with business-driven wallet silos
- 16:22Smart accounts as a solution to fragmentation
- 18:04Embedded wallets and the custody trade-off
- 19:15Trust assumptions vs technical custody
- 20:55Smart accounts for upgradeability and UX
- 21:56The need for shared infrastructure and standards
- 23:03Shoutout to EIP-6963 browser wallet standard
- 24:05How Starknet achieved 100% AA adoption
- 25:11Why Ethereum hasn’t prioritized UX upgrades
- 26:21L2s are key to driving account abstraction
- 27:38Audience Q: Thoughts on EIP-7212 and passkeys
- 28:57Passkey pros, cons, and infrastructure hurdles
- 30:07Clarifying what passkeys are and are not
- 30:38UX vs risk: How users really lose their funds
- 31:15Closing remarks
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