Coinbase has introduced Smart Contract Wallets to revolutionize cryptocurrency transactions by eliminating gas fees and streamlining onboarding.

These wallets support multiple blockchain networks, including Ethereum, BNB, and Polygon, offering access to various cryptocurrencies and DApps.

Developers can sponsor transactions to waive gas fees, and the wallets offer multiple authentication methods for enhanced security.

Loopring and Argent are early pioneers in smart contract wallets, but Coinbase aims to provide a more seamless and intuitive experience.

The technology is developed by tech giants and endorsed by Ethereum developer Vitalik Buterin.

Moonwell is a day-one launch partner, reflecting Coinbase's commitment to expanding cryptocurrency's reach.

With over 10 million users on their layer 2 network, Base, Coinbase aims to bring a billion users onto the blockchain.

This launch signifies a significant step towards mainstream adoption of DeFi and onchain finance.