Safe reported processing over $10 billion in transaction volume during Q1 2026, marking a 25% increase from the previous quarter. The protocol handled 4,779K ETH in transactions and saw its total accounts rise to 61.11 million, with 2.21 million new accounts added. March alone set records with 852,000 new accounts and 50.9 million transactions, highlighting growth despite challenging market conditions.
Safe's quarterly report also noted $35.25 billion in secured assets and a significant milestone of $10 million in annualized recurring revenue achieved in 2025. The protocol's expansion included the launch of a euro-denominated yield product and over 40 product updates. Safe's infrastructure continues to grow, securing a substantial portion of the DeFi TVL and stablecoin market, reinforcing its role in the onchain economy.
Safe Processes Over $10B in Q1, Surpasses 61M Accounts Amid Bear Market
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