The cryptocurrency and blockchain community is witnessing a significant milestone with Safe smart wallets, encompassing both multisignature and single-person wallets, reaching $100 billion in total value locked (TVL), marking a new era in self-custody and on-chain transactions. This achievement underscores the growing adoption of smart wallets, with predictions indicating that by the end of the year, over 90% of active on-chain users will utilize these platforms, facilitated by the onboarding of tens of millions of new users. The $SAFE token is set to become transferable on April 23, further enhancing the ecosystem's liquidity and accessibility. Industry experts highlight this milestone as a testament to the transparency, permissionlessness, and self-custodial nature of blockchain technology, comparing Safe's achievement to the operational scales of traditional banks but with the added benefits of on-chain operations.
We‘re still early. Smart account adoption is about to take off and @safe will lead this trend. https://t.co/siWtpidDBP
A new self-custody milestone has been reached: Safe wallets, both multisignature and single-person wallets, have $100B in value. This answers the question: who is the custodian of your custodian. https://t.co/J1ERKIkJ3c
Hold and protect billions of $$$ in assets with @safe! https://t.co/1u3eRT0r47