Safe Ecosystem Foundation released its Q2 2026 report, showing the smart account network processed nearly 130 million transactions in the quarter, a second consecutive quarterly record. Monthly active accounts hit 2.73 million in June, while total accounts surpassed 63 million, up 20% year over year. April was the busiest month in Safe's history with 55.4 million transactions, and ETH-denominated transfer value reached a quarterly high despite a sharp crypto price drop in June. On April 2, Safe launched Safenet Beta at EthCC in Cannes, operated by six genesis validators. By quarter-end, 54.8 million SAFE had been staked across 539 addresses, with 455,646 transaction checks completed; Ethereum and Arbitrum handled about 94% of the checks. SafeDAO passed SEP-55, allocating 5 million SAFE to support Safenet Beta. Following the Kelp DAO exploit in April, the Aave-led DeFi United coalition coordinated roughly $300 million through Safe smart accounts via over 142,000 wallets to help restore rsETH collateral backing. The foundation treasury posted an annualized portfolio return of 5.5%–5.75%, about 250 basis points above its benchmark, with roughly $14 million deployed across 14 active positions as of June 30, and opened its first RWA and fixed income positions.
Safe Ecosystem Foundation released its second-quarter 2026 report, showing that Safe smart accounts processed nearly 130 million transactions in the quarter, a second consecutive quarterly record. June monthly active accounts reached 2.73 million, while total accounts surpassed 63 million, up 20% year over year.
April was the busiest month in Safe's history, with 55.4 million transactions. The quarter also set a record for ETH-denominated transfer value among Safe accounts, and active account growth continued even as cryptocurrency prices fell sharply in June.
Safenet Beta launch and staking
Safe went live with Safenet Beta on April 2 at EthCC in Cannes, operated by six genesis validators. By the end of the quarter, 54.8 million SAFE had been staked across 539 staking addresses, and the network had completed 455,646 transaction checks, with Ethereum and Arbitrum accounting for roughly 94% of the checks.
SafeDAO separately passed SEP-55, allocating 5 million SAFE to support Safenet Beta.
Kelp DAO response
After the Kelp DAO exploit in April, the Aave-led DeFi United coalition coordinated approximately $300 million through Safe smart accounts using over 142,000 wallets, helping restore collateral backing for rsETH.
Treasury performance
The foundation's treasury portfolio delivered an annualized return of 5.5% to 5.75% in the quarter, about 250 basis points above its benchmark. As of June 30, roughly $14 million was deployed across 14 active positions, and the treasury opened its first real-world asset (RWA) and fixed income positions.
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