Altcoin Tied to Security-Focused Wallet Jumps More Than 43% in One Day, Outpacing Broader Crypto Market
An altcoin linked to a security-focused crypto wallet skyrocketed by more than 43% in one day, outperforming the broader crypto market.
Safe (SAFE) is a smart contract wallet that runs on multiple blockchains.
The project’s native token, SAFE, is trading at $1.36 at time of writing, up from around $0.95 on Wednesday. The 124th-ranked crypto asset by market cap is also up nearly 55% in the past week and more than 74% in the past month.
Comparatively, the overall crypto market cap is up 1% in the past day, according to CoinGecko.
Danilo Pereira, a product marketer at Safe, notes that the project’s total value locked (TVL) is 5x larger than the TVL for Robinhood’s centralized exchange.
TVL refers to the amount of capital…
