Safe publishes quarterly report as volume tops $10 billion in a bear market and accounts surpass 61M

Safe Foundation immediately printed its Q1 2026 Quarterly Report, the primary in a new common public transparency cadence, displaying the protocol processed 4,779K ETH in transaction volume throughout the quarter, a 25% improve over This autumn 2025, in a quarter when broader market situations contracted.

You can learn the total report now on the Safe Foundation’s web site: https://safefoundation.org/reports/q1-2026

Safe skilled a record-breaking first quarter (Q1), processing over 122.9 million transactions. This interval was marked by an unprecedented acceleration in new account creation, including 2.21 million web new accounts and elevating the full to 61.11 million. March was a standout month, setting two new information: the most important single-month improve in Safe’s historical past with 852,000 web new accounts and the best month-to-month transaction volume at 50.9 million.

In February, Safe publicly disclosed that it had crossed $10 million in annualized recurring revenue in 2025, a fivefold improve from $2M ARR on the finish of 2024 and a milestone three years in the making.

“As digital belongings change into a part of the worldwide monetary infrastructure, the techniques that safeguard them will matter enormously,” stated Lukas Schor, Co-Founder of Safe and President of the Safe Ecosystem Foundation. “GDP will transfer onchain, and a significant share of it should transfer by multisigs and sensible accounts. Projects securing tens of billions in worth have an obligation to report publicly and commonly. We wish to set that customary.”

On the product aspect, Safe{Labs} launched a euro-denominated yield product in February, in partnership with Société Générale’s SG-FORGE and Morpho, the primary institutional EUR financial savings product in self-custody. The EURCV vault reached $9 million in deposits by quarter-end. More than 40 product and ecosystem updates shipped throughout Q1, overlaying new community deployments, API, and integrations with Hyperliquid, Tempo, and Ambire.

Safe immediately secures $35.25 billion in belongings, greater than one-third of complete EVM DeFi TVL, throughout 61 million accounts. Approximately 2% of the $340 billion international stablecoin market is held in Safe accounts.

This announcement comes on the again of Safe launching Safenet Beta, a decentralized transaction safety community that enforces protocol-level safety earlier than a Safe transaction executes. The core shift: shifting safety from warnings into the execution path itself. Even if you happen to signal by mistake, the community stops it. As Richard Meissner, Co-Founder of the Safe undertaking, stated at launch: “Crypto has spent years constructing higher warnings. That will not be sufficient.”

Q1 highlights

Record accounts: 61.11M complete Safe accounts; 2.21M web new created in Q1, with March the strongest single month in Safe’s historical past at 852K new accounts
Record transactions: 122.9M complete transactions in Q1; March set a new month-to-month report at 50.9M
Volume development: ETH-denominated transaction volume (nTVP) up 25% QoQ to 4,779K ETH, the strongest quarter on report
Scale: $35.25B in belongings secured at quarter-end, greater than one-third of EVM DeFi TVL
Revenue: $10M+ ARR crossed in 2025, up 5x year-over-year
Product: EURCV vault reached $9M in deposits inside weeks of launch; 40+ updates shipped throughout the quarter
Ecosystem alignment: Safe Foundation introduced 5-year token-based partnerships with each World Foundation and JOIN in Q1, increasing long-term ecosystem alignment.

About Safe

Safe (beforehand Gnosis Safe) is an onchain asset custody protocol that has processed over $1.4T+ in complete worth (TVP). Released as an open-source software program stack by the Safe Ecosystem Foundation, it’s establishing a common sensible account customary for safe custody of digital belongings, information, and id. Safe is constructed for the mission to unlock digital possession for everybody in web3, together with DAOs, enterprises, retail, and institutional customers.

About the Safe Ecosystem Foundation, Zug, Switzerland

The mission of the Safe Ecosystem Foundation is to help the event of Safe, to strengthen Safe expertise and to advertise the Safe Ecosystem. The Safe Ecosystem Foundation is a non-profit organisation primarily based in Zug, Switzerland, that helps educate individuals about Safe sensible accounts and promotes Safe expertise by the availability of grants and different types of funding.

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Legal Disclaimer

This press launch is issued by the Safe Ecosystem Foundation, Zug, Switzerland (the “Foundation“). This will not be a suggestion to promote or a solicitation of a suggestion to buy any SAFE tokens and isn’t an providing, commercial, solicitation, affirmation, assertion, or any monetary promotion that may be construed as an invite or inducement to have interaction in any funding exercise or comparable.

The Foundation makes no representations, warranties and/or covenants with respect to the Safe Technology (or any implementations of the Safe Smart Accounts) or any program (Grants, Hackathons and/or every other types of funding) run by the Safe Ecosystem Foundation. Safenet Beta is offered on an “as is” and “as out there” foundation for growth and testing functions solely. The Foundation doesn’t handle or management the Safenet Beta expertise and doesn’t present any companies associated to Safenet Beta. Validators act independently and bear full accountability for his or her actions. To the fullest extent permitted by regulation, the Foundation, its associates, and related individuals expressly disclaim all legal responsibility for any damages of any sort arising out of or in reference to using, or lack of ability to make use of, Safenet Beta. Any interplay with Safenet Beta is at your personal threat. This press launch could comprise forward-looking statements that contain dangers and uncertainties. Actual outcomes could differ materially from these anticipated.

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