According to BlockBeats, Web3 developer and transaction infrastructure platform Biconomy has announced that an average of 250 new projects per month utilized Biconomy Paymaster in the first half of 2024. The platform recorded a total of 19 million Paymaster UserOps, with a monthly growth rate of 17% over the past six months, handling $2.9 million in gas fees.

UserOps through Paymasters offer flexible payment options, abstracting the complexity of gas fees, and enhancing user acquisition and retention rates.