$0.1121
-0.003099 (-2.69%)24H
Safe price, last 12 months
0.27520.11210.0780
Safe market data
- 24H High
- $0.1160
- 24H Low
- $0.1021
- 24H Volume
- 118.33K SAFE
- All Time High
- $5.50
- All Time Low
- $0.0753
- Correlation with BTC
- -0.12
- Return on Investment
- -77.58%
- Market Cap
- $84.99M
About Safe
Safe is the ownership layer of web3 securing >$100B+. It includes Safe{Core} a full stack of account abstraction infrastructure and the industry-standard multi-sig, Safe{Wallet}. The project is focused on making every Ethereum account, a smart account and enabling new use cases like AI, Staking, Gaming, SocialFi, DeFi, and Payments to flourish with gasless transaction, easy face-ID like logins, onramps, recovery and more. Safe currently has a large ecosystem of 200+ projects including Gnosis Pay and Worldcoin, deployed in over 15 networks, building on the Safe smart account standard. Safe{Wallet} is also used widely by individuals like Vitalik Buterin, Punk6529 as well as web2 giants like Shopify and Reddit for self-custody of assets and high value NFTs.As of April 2023, over 8M Safe accounts have been created, making >40 million transactions. The open-source contracts are battle-tested and have been formally verified and audited multiple times. There have been no critical security incidents since Safe was deployed in 2018 and Safe remains the benchmark of security in the industry.
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Safe whitepaper summary
Safenet is an innovative transaction processing network built on Ethereum that aims to solve major blockchain challenges like fragmentation and slow cross-chain transactions.
The system enables instant cryptocurrency transfers across different blockchains, eliminating traditional delays and complexities that users typically face when moving digital assets.
By focusing on seamless interoperability and enhanced security measures, Safenet has evolved to meet the growing demands of DeFi and Web3 ecosystems while maintaining its core vision of enabling frictionless cross-chain transactions.
This advancement represents a significant step forward in making blockchain technology more accessible and practical for everyday use, potentially revolutionizing how we interact with digital assets across different networks.
Safenet functions as an intelligent transaction management system built on top of existing blockchain networks, rather than creating a new blockchain.
The system utilizes 'optimistic validity proofs' as its core security mechanism, ensuring all transactions are legitimate and follow protocol rules.
When users want to spend cryptocurrency across different blockchains, Safenet coordinates with a network of specialized participants - processors, validators, and liquidity providers - who work together to execute transactions seamlessly.
Think of Safenet like a universal translator for blockchain networks - it allows your crypto assets to work anywhere, regardless of which blockchain they're originally from.
The system uses Ethereum as its foundation, maintaining a secure record of all cross-chain activities while enabling users to freely move and spend their assets across supported networks.
Recent technological improvements have enhanced the platform's security protocols and scaling capabilities, making it even more efficient at handling cross-chain transactions.
The network's architecture eliminates the need for users to understand the complex technical details of moving assets between blockchains, making it as simple as using a regular payment card.
Latest Safe news
coinmarketcap.com
Coins.ph Faces Regulatory Scrutiny from BSP Over Gambling Transactions
coinmarketcap.com
CoinShares Partners with Safe Labs to Launch Stablecoin Yield Strategies
coinmarketcap.com
Starknet's STRK Token Surges Over 80% Amid L1 Consideration
coinmarketcap.com
Bitcoin Holder Shares Security Experience with Ledger
coinmarketcap.com
Ethereum Founder Warns AI Threatens Crypto Security Sooner Than Quantum Computing
Safe FAQ
Safe (SAFE) is trading at $0.1121, down 2.69% over the last 24 hours.
The market cap of Safe is $84.99M, ranking #217 among cryptocurrencies.
On the daily chart SAFE currently shows 2 buy signals and 1 sell signals. This is not investment advice.
The all-time high of SAFE is $5.50.
This page is for informational purposes only and is not investment advice. Cryptocurrency prices are highly volatile.