Biconomy launches SDK to simplify transactions as emphasis on user retention for dApps grow

Biconomy, the flexible toolkit that powers a Web3 stack, has launched a software development kit (Biconomy SDK) to transform the way developers build easy-to-use decentralized applications (dApps).

Since 2019, Biconomy has been leading the Web3 infrastructure space by building easy-to-integrate, plug-and-play APIs for developers to scale their projects. The Biconomy SDK introduces time-saving steps for developers such as reducing multi-step transactions into one-click interactions, simple-to-use smart contract wallets, and a conveniently gasless and chainless experience for users.

As institutional and retail adoption of cryptocurrencies and dApps grow, dApp developers can onboard more Web2 users by hiding the nuts and bolts behind complex on-chain transactions.

From gasless to one-click transactions, we are making sure engaging with Web3 feels second nature and as easy as signing your name

This way, the majority of Web2 users can onboard and interact with dApps easily — playing games, buying and trading NFTs and other digital assets — without deep knowledge of blockchain technology. dApps can save their users a ton of time and costs.

“There is no point building in Web3 if no one can use your products. User onboarding and retention are key for the growth of individual dApps and the crypto environment as a whole. Biconomy was built with the next billion web3 users in mind and we are fulfilling this goal by meeting developer and user needs. From gasless to one-click transactions, we are making sure engaging with Web3 feels second nature and as easy as signing your name,” said Ahmed Al-Balaghi, Co-Founder of Biconomy.

With its current API suite, Biconomy enables more than 50,000 transactions daily, with gas fees sponsored by the dApps for users. It also allows users to pay for fees in a token other than that of the blockchain.

This has already resulted in onboarding more than 2.8 million Web3 users, more than 25 million transactions across 8 EVM chains, and integration with 200+ dApps including dYdX, Perpetual Finance, Aavegotchi, Decentraland, Sandbox, Animoca Brands, and Zedrun.

The introduction of the Biconomy SDK opens up further opportunities. Developers can offer users practical UX benefits such as secure Web2-like social logins and recovery for accounts. One-click interactions for multistep transactions. Transaction batching removes the need for repeated authorization. Gasless and chainless experiences. Convenient fee payments in ERC20 tokens and fiat on-ramps and credit card purchases of crypto or NFTs.

This means greater user retention as those trying to complete a transaction are less likely to give up halfway through a drawn-out transaction process. It also protects against failed transactions, as it guarantees they will all be settled.