Safe Price

Safe (SAFE) is a cryptocurrency that operates on the Ethereum platform, currently ranked #230 with a price of $0.4934. It has seen a +0.63% change in the last 24 hours, with trading volume reaching $3.63M. Safe focuses on DeFi, staking, and wallet services within the Ethereum ecosystem, with particular emphasis on account abstraction technology. The token has a circulating supply of 607.03M SAFE out of a maximum supply of 1B SAFE. As part of the Binance ecosystem, Safe provides secure digital asset management solutions through its smart contract wallet infrastructure. The project aims to make blockchain interactions safer and more accessible for users. The token's market capitalization currently stands at $299.5M, representing 60.7% of its fully diluted valuation of $493.4M. Since its launch in April 2024, Safe has established itself as a significant player in the wallet security and account abstraction space.

Safe was created on April 22, 2024, when it was officially listed on cryptocurrency tracking platforms. The token operates on the Ethereum blockchain and was developed as part of the Safe ecosystem, which focuses on smart account technology and decentralized applications. Safe serves as a governance token that allows holders to participate in the platform's decision-making processes and the broader transition to smart accounts in the Web3 space.

Safe was founded by a team of blockchain security experts led by Lukas Schor, Richard Meissner, and Stefan George. These founders initially created the project as Gnosis Safe in 2017, focusing on secure digital asset management through multi-signature technology. In April 2024, the project rebranded to Safe and launched its native token SAFE as part of its evolution into a comprehensive smart account infrastructure. The founding team has extensive experience in blockchain security and wallet technology, positioning Safe as a leader in the account abstraction and digital asset security space.

Safe (SAFE) operates on the Ethereum blockchain as an ERC-20 token focused on decentralized finance (DeFi) and wallet security. The token powers the Safe ecosystem, which specializes in multi-signature wallet technology and account abstraction. The SAFE token has multiple utilities within its ecosystem: - Governance: Token holders can vote on protocol upgrades and changes - Staking: Users can stake tokens to earn rewards and secure the network - Transaction fees: Used to pay for operations within the Safe wallet infrastructure With a current price of $0.4934 and market cap of $299.5M, SAFE has a maximum supply of 1B SAFE tokens, with 607.03M SAFE currently in circulation. The token's value is supported by its growing adoption in the DeFi space, particularly for secure asset management and multi-signature wallet solutions. The Safe protocol continues to develop its technology roadmap, focusing on enhancing wallet security and expanding its account abstraction capabilities across multiple blockchains.

Safe operates on a multi-layered technical architecture built on the Ethereum blockchain. At its core, it uses smart contract technology for secure multi-signature wallet functionality. The architecture implements account abstraction principles, allowing users to interact with blockchain applications without managing private keys directly. Safe's infrastructure includes: 1. Smart Contract Layer: Handles transaction validation and security logic 2. Proxy Pattern: Enables upgradability while maintaining wallet addresses 3. Module System: Allows extensibility through specialized modules 4. Transaction Batching: Combines multiple operations into single transactions for efficiency This architecture prioritizes security through multi-signature requirements while maintaining flexibility through its modular design. As an ERC-20 token, Safe benefits from Ethereum's security model while adding specialized wallet functionality and governance features.

Safe has an ambitious roadmap focused on expanding its ecosystem and utility. As a leading solution in account abstraction and wallet security, Safe aims to enhance its infrastructure by 2025 with improved smart contract wallets and cross-chain compatibility. By 2026, Safe plans to implement advanced governance features, allowing SAFE holders greater participation in protocol decisions. The team is also developing new staking mechanisms to increase token utility and reward long-term holders. For 2027-2030, Safe will focus on enterprise adoption, regulatory compliance, and expanding its DeFi integrations. With a current price of $0.4934 and market cap of $299.5M, Safe has significant growth potential as it executes its roadmap. The maximum supply is capped at 1B SAFE, with 607.03M SAFE currently in circulation, creating a sustainable tokenomics model that supports long-term value appreciation as adoption increases across the Ethereum ecosystem.