Safe smart accounts process record 130 million transactions in Q2
Tech & Launches ·
Safe crossed 63 million total wallets as World App and Polymarket helped drive activity even as broader crypto trading softened.
Safe smart accounts processed 130M transactions in the second quarter, a record for the Ethereum-based smart-account and multisig platform, according to The Block. The total number of wallets built on the infrastructure surpassed 63M, extending a growth trend that has continued despite weaker crypto market conditions during the quarter.
The volume was propelled in part by World App and Polymarket, two applications that route user activity through Safe's smart-contract accounts rather than single-key wallets. Safe's architecture lets each account enforce custom rules for who can move funds and under what conditions, a design that has made it a base layer for DAOs, protocols, and consumer apps managing assets on-chain instead of through a traditional externally owned account.
The Q2 figures build on momentum flagged earlier in the year. In Q1, Safe reported securing roughly one-third of EVM DeFi total value locked, about $35B, across 61M accounts, with quarterly volume climbing 25%. The jump to 63M+ wallets and 130M transactions in Q2 suggests that growth accelerated even as trading activity across crypto broadly cooled.
The adoption push has coincided with Safe's continued build-out of enterprise-facing tools. The company launched a Workspace product featuring email login and unified dashboards aimed at treasury teams, part of an effort to make smart-account management more accessible to organizations beyond crypto-native users.
Security scrutiny has run alongside the growth. Trezor said Safe funds remained secure after a Ledger audit surfaced a chip flaw, a reassurance that followed earlier incidents in which attackers exploited Safe-related infrastructure, including a signer failure tied to a $1.4B hack traced to a malicious DELEGATECALL transaction. It remains unresolved how much of the Q2 transaction surge is attributable specifically to World App versus Polymarket, and whether the pace of wallet creation will hold into the next quarter as market conditions evolve.