Preheat your oven to 425°F (220°C).
Line a baking sheet with parchment paper or foil and place a wire rack on top.
Pat the chicken wings dry with paper towels and toss them with olive oil until evenly coated.
In a small bowl, combine paprika, garlic powder, onion powder, smoked paprika, salt, black pepper, cayenne pepper (if using), and baking powder.
Sprinkle the dry rub mixture over the wings and toss until all wings are thoroughly coated.
Arrange the seasoned wings in a single layer on the wire rack and bake for 40-45 minutes, turning halfway through until golden brown and crispy.