Stablecoin balances in Safe accounts rose 15% to $7.48 billion. Transfer volume was $44.75 billion, up 13.7% from the second quarter. The number of Safes reached 65.7 million, up 3.7%, across more than 400 chains.
Where the Trading Sat
Safe smart accounts on Optimism and Base moved more than $11 billion in the quarter, led by Safes trading daily on Uniswap, Velodrome and Aerodrome, Akpan said. The report’s own chain breakdown covers Safenet checks, where Ethereum took 80.5%, Arbitrum 17.4%, Optimism 2.1% and Gnosis under 0.1%.
Safenet processed 460,146 checks in the quarter and 915,792 since launch. Staked $SAFE rose 34% to 73.5 million tokens. The report puts stakers at 884 at the quarter’s close in one section and at 870 as of August in another.
Treasury Beats Its Benchmark
The foundation’s yield book returned 6.6% APY over the quarter against benchmarks of 3.5% to 3.7%, with about $16.3 million deployed as of Sept. 30. Private credit reached $4.02 million across two facilities at 8.0% APR.
“Our task is to make self-custody work at the scale of the financial activity it supports,” Lukas Schor, co-founder of Safe and president of the Safe Ecosystem Foundation, said in the report.
Token Down a Quarter in a Week
$SAFE traded at $0.0808, up 0.9% over 24 hours and down 24.1% over seven days, CoinGecko data shows. Its market value was about $63.9 million, ranked 374th.
CoinShares put managed strategies inside Safe accounts last month.