Today, we’re publishing the Safe Ecosystem Foundation’s first public quarterly report, kicking off a standing transparency cadence with backers, ecosystem partners, and the broader community.
This quarter shows the protocol processed 4,779K ETH in transaction volume, a 25% increase over Q4 2025, despite broader market conditions contracting.
Q1 at a glance
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Record transactions: 122.9M total transactions in Q1; March set a new monthly record at 50.9M
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Record accounts: 61.11M total Safe accounts; 2.21M net new created in Q1, with March the strongest single month in Safe’s history at 852K new accounts
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Volume growth: ETH-denominated transaction volume (nTVP) up 25% QoQ to 4,779K ETH, the strongest quarter on record
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Scale: $35.25B in assets secured at quarter-end, more than one-third of EVM DeFi TVL
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Revenue: $10M+ ARR crossed in 2025, up 5x year-over-year
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Product: EURCV vault reached $9M in deposits within weeks of launch; 40+ updates shipped across the quarter
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Ecosystem alignment: Safe Foundation announced 5-year token-based partnerships with both World Foundation and JOIN in Q1, expanding long-term ecosystem alignment.
Links
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Full report: Q1 2026 Quarterly Report | Safe Ecosystem Foundation
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Blog: Safe Q1 2026 Report: $10B+ Volume, 61M Accounts, 122.9M Transactions
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Thread on X: https://x.com/safe/status/2047330128888565807
This is the first in a standing quarterly cadence. Feedback on format, depth, and what you’d want to see going forward is very welcome.
Questions and comments below.