Safe posts record Q2 transaction activity as Safenet Beta reaches 54.8M SAFE staked
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The Safe project’s second public quarterly report records nearly 130 million transactions, rising monthly active accounts and $1.98 million in project-wide revenue, alongside the launch of Safenet Beta.
ZUG, Switzerland, 29 July 2026 – Safe Ecosystem Foundation has released its Q2 2026 Quarterly Report. Safe smart accounts processed nearly 130 million transactions in Q2, the highest quarterly total to date and a 5.7 percent increase from Q1 2026. Monthly active accounts reached 2.73 million in June, while Safenet Beta closed its launch quarter with 54.8 million SAFE staked across 539 stakers.
Read the full report on the Safe Foundation website.
As of 29 July 2026, Safenet Beta had checked more than 500,000 Safe transactions. The network began with six initial validators: Greenfield, Safe Labs, RockawayX, Blockchain Capital, Gnosis and Core Contributors. During beta, Safenet applies predefined security policies to Safe activity and records attestations onchain, helping bring transaction security closer to execution while users retain full control of their assets.
April was the busiest month in Safe’s history, with 55.4 million transactions. Monthly active accounts rose throughout the quarter, reaching 2.73 million in June, while total Safe accounts reached 63.4 million.
“Q2 matters because it showed Safe becoming more than a place to hold assets,” said Lukas Schor, Co-Founder of the Safe project and President of the Safe Ecosystem Foundation. “Usage kept compounding through a weaker market, teams continued to coordinate serious capital through Safe, and Safenet moved transaction security closer to execution. That is the shift we are building for: self-custody infrastructure that protects ownership, supports coordination and makes onchain activity safer at the moment value moves.”
The quarter also showed the Safe project’s role as coordination infrastructure for high-stakes onchain response. After the Kelp DAO exploit in April, the Aave-led DeFi United group used Safe smart accounts to coordinate approximately $300 million to help restore rsETH backing, with more than 142,000 wallets participating over three weeks.
The Safe project generated $1.98 million in revenue overall in Q2, up 42 percent year over year. The quarter also brought more repeatable sources of revenue and new paying customers for Safe Labs products. The Foundation’s Ecosystem Alignment Program signed its third long-term partnership, a five-year token swap with Velvet, after earlier deals with World and JOIN.
Q2 Highlights
- Safenet Beta: 54.8M SAFE staked across approved stakers, supporting hundreds of thousands of transaction attestations since launch on April 2, 2026.
- Scale: Total Safe accounts reached 63.4M, up 20% year over year, with nearly 130M transactions processed in Q2.
- Active users: Monthly active Safe accounts reached 2.73M in June 2026.
- Volume: Q2 transfer volume reached $39.35B, up 8% year over year, with ETH-denominated volume reaching 5.94M ETH in June.
- TVL: Safe smart accounts collectively held $27.24B in self-custodied assets at quarter-end, including $6.48B in stablecoins.
About Safe
Safe (previously Gnosis Safe) is an onchain asset custody protocol that has processed over $1.4T+ in total value (TVP). Released as an open-source software stack by the Safe Ecosystem Foundation, it is establishing a universal smart account standard for secure custody of digital assets, data, and identity. Safe is built for the mission to unlock digital ownership for everyone in web3, including DAOs, enterprises, retail, and institutional users.
About the Safe Ecosystem Foundation, Zug, Switzerland
The mission of the Safe Ecosystem Foundation is to support the development of Safe, to strengthen Safe technology and to promote the Safe Ecosystem. The Safe Ecosystem Foundation is a non-profit organization based in Zug, Switzerland, that helps educate people about Safe smart accounts and promotes Safe technology through the provision of grants and other forms of funding.
For more information, visit the company’s official website, X(Twitter), blog, research, and ventures.
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