Safe Q2 Transactions Hit Record 130M While Revenue Falls 31%

Safe processed a record 130M transactions and grew accounts by 20% in Q2, yet revenue dropped to $1.98M. World App and Polymarket drove volume, while Safenet processed 456k checks.

Woofun AI data shows that the Safe protocol executed nearly 130 million transactions during the second quarter, establishing a new volume record. Account creation surpassed 63 million, representing a 20% quarter-over-quarter increase. Despite this activity, quarterly revenue declined to approximately $1.98 million from $2.88 million in the first quarter.

Consumer applications on World Chain and Polygon dominated transaction volume, with World App contributing 52% and Polymarket accounting for 35.7%. The Safenet security network, launched in April, completed 456,000 transaction checks by quarter-end, secured by roughly 54.8 million staked SAFE tokens.