Smart contract wallets offer enhanced functionality and security compared to externally owned accounts. Examples include Sequence, Gnosis Safe, and Argent. Sequence has the lowest deployment fees among various smart account providers, making it a cost-effective option for users.
Ethereum wallets may take two different forms, Externally owned accounts (EOAs) or Smart Contract Wallets.
The Sequence wallet is implemented as a smart contract, which allows the system to provide additional security and functionality.
Smart contract wallets are wallets that are implemented as smart contracts; it allows the wallets to implement arbitrary logic within the bounds of what’s supported by the underlying virtual machine.
Because of this, these contracts can implement functionality that’s not available for EOAs, and can also be upgraded if they are prepared to do so.
Deployment fees per AA (Account Abstraction) Smart Account
In order for smart contract wallets to be deployed on-chain, a fee is involved which varies across AA providers.From a list of providers found here, Sequence ranks as the lowest total fee to deploy an account.
Smart Account Provider
Execution gas
Execution fee (ETH)
L1 gas
L1 fee (ETH)
Total fee (ETH)
Total fee (USD)
Sequence
82039
0.000005006
2744
0.000000013
0.000005020
$0.0148
As a comparison, the following is a list of the various fees across the ecosystem ranked in comparison to Sequence.
