Bubble
Safe SAFE
Safe (SAFE) was trading at $0.0979, ranked #322 by market cap at $75.94M, with 24h volume of $7.10M.
Data snapshot: 2026-09-02 12:15 UTC.
Safe is the multisignature wallet holding a very large share of DAO treasuries and institutional crypto on Ethereum, requiring several signers to approve a transaction rather than trusting one private key. It is infrastructure rather than an application, and the 2025 Bybit hack — where attackers compromised a signer's device rather than the contracts — is a useful reminder that a multisig protects against key loss, not against a signer being deceived. Safe is the multi-signature wallet standard that holds a very large share of the treasuries and institutional funds on Ethereum — the infrastructure that DAOs, protocols and funds use to require multiple approvals before moving money. It is among the most consequential and least discussed contracts in crypto, because nothing about it is speculative: it either holds assets correctly or it does not. SAFE governs the protocol. On this map it is a small-cap relative to the value its contracts secure, which is a gap worth noticing.
What is a multi-signature wallet?
A wallet requiring several approvals before a transaction executes, so no single key can move funds. It is the standard structure for treasuries and shared funds.
Why does Safe matter?
A very large share of DAO treasuries, protocol funds and institutional holdings on Ethereum sit in Safe contracts. It is critical infrastructure rather than a speculative product.
What is the SAFE token for?
Governance of the protocol and its ecosystem, rather than a claim on the assets its contracts hold.
Why is its market cap small relative to assets secured?
Because the token governs the software rather than representing a claim on the value it protects. The two figures measure different things.
Market cap decides how big a bubble is drawn, so rank is what places SAFE on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #163 | Trust Wallet (TWT) | $221.17M |
| #261 | Basic Attention (BAT) | $102.12M |
| #322 | Safe (SAFE) | $75.94M |
| #342 | Rootstock Infrastructure Framework (RIF) | $70.56M |
| #361 | Threshold Network (T) | $66.26M |