Safe

SAFE Price

What is Safe

Safe (formerly known as Gnosis Safe) lets individuals and businesses manage their digital assets securely. It is a multi-sign wallet that runs on multiple networks, requiring a minimum number of users to approve a transaction before it can proceed (M-of-N).

Unlike a single key wallet, where you may lose complete access to your funds if your private key is lost or stolen, Safe removes that single point of failure by requiring a certain number of approvals from designated wallets’ owners before approving a transaction.

History of Safe

Gnosis Safe was a part of Ethereum infrastructure builder Gnosis until April 2022, when the community voted to spin Safe off from Gnosis. Along with the rebranding of Gnosis Safe to Safe, the SAFE governance token was launched to govern and curate essential infrastructure components of the Safe ecosystem.

How Safe works

Safe functions as a deployed smart contract that uses multi-sig, where it implements predefined instructions once they are met (to release funds after M-of-N users approve a transaction).

Multi-sig wallets enable businesses and individuals to:

• Perform sensitive transactions securely: Any actions need to be authenticated by the majority.
• Manage funds safely: The majority have to give their consent for any movement of funds, preventing a single person from running away with everything.
• Achieve redundancy: The wallet can still be accessed with the other keys even if one is lost.

Unique features of Safe

Beyond multi-signature, Safe also includes the following features:

• Supports a wide range of assets: Assets supported on Safe includes ETH, ERC20 (tokens) and ERC721 (collectibles). Safe also includes the USD conversion rate of assets held on the wallet.
• Integrates with other wallets: Transactions can be signed with hardware, software, or even paper wallets.
• Secure apps: Users can interact with DeFi protocols directly from its interface.

Where can you buy Safe?

SAFE tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Safe is Bitunix, where the most active trading pair SAFE/USDT has a trading volume of $73,690.09 in the last 24 hours. Other popular options include Bybit and Coinbase Exchange.

What is the daily trading volume of Safe (SAFE)?

The trading volume of Safe (SAFE) is $1,155,654.81 in the last 24 hours, representing a -30.30% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Safe (SAFE)?

Safe (SAFE) reached an all-time high of $3.56 and an all-time low of $0.07529. It’s now trading -96.80% below that peak and 49.70% above its lowest price.

What is the market cap of Safe (SAFE)?

Market capitalization of Safe (SAFE) is $88,274,268 and is ranked #320 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SAFE tokens (780 Million tokens are tradable on the market today).

What is the fully diluted valuation of Safe (SAFE)?

The fully diluted valuation (FDV) of Safe (SAFE) is $112,714,753. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion SAFE tokens are in circulation today. Depending on how the emission schedule of SAFE tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Safe compare against its peers?

With a price decline of -1.50% in the last 7 days, Safe (SAFE) is underperforming the global cryptocurrency market which is down -0.50%, while underperforming when compared to similar Infrastructure cryptocurrencies which are up 5.00%.

How to add Safe (SAFE) to MetaMask?

Adding Safe (SAFE) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SAFE as a token. You can copy SAFE’s contract address (0x5afe3855358e112b5647b952709e6165e1c1eeee) and import it manually, or if you've installed MetaMask's chrome extension, add SAFE to MetaMask with one click on CoinGecko.

Add SAFE to MetaMask.