Altcoins linked to security-focused cryptocurrency wallets are outperforming the broader digital asset market, surging more than 40% this week.
Safe is a smart contract wallet that runs on multiple blockchains.
The project introduced native swap this week.
Explain that it is safe,
“Batch auctions consolidate multiple transactions, reducing gas costs and the need for multiple signatures. A smoother, more efficient transaction process is here.
Built-in MEV (Maximum Extractable Value) protection via a professional third-party solver ensures fair and interference-free trading. Professional solvers compete to fill orders by accessing a broad network of decentralized liquidity sources, aiming for more competitive prices.”
The project’s underlying asset, SAFE, has surged 43% this week after rebounding from a seven-day low of $1.78 to a high of $2.55. SAFE has since bounced back and is trading at $2.21 at the time of this writing.
Despite the recent rally, altcoins remain more than 37% below their all-time high of $3.56 set on April 23 this year, according to CoinGecko.
SAFE began trading in April. That month, Coinbase listed the asset under an “experimental label,” which is a label that exchanges attach to tokens that pose certain risks, such as price fluctuations and order cancellations due to reduced trading volume and availability.
Singapore-based cryptocurrency trading platform Bitrue and Seychelles-based exchange MEXC have also listed Safe for Trading since April 25.
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