SAFE
Safe · Smart accounts
Score qualifies for T3; held by Value engine 0 (needs 2).
Key facts
- Circulating 783.2M, 78%
- Locked or unvested 216.8M, 22%
- Max 1.00B
Market data: CoinGecko, Oct 24, 2026. Scores reviewed Oct 23, 2026.
Assessment
Safe has no working engine: Community-Aligned Fees, ~$2.5M a year of native-swap fees, were ratified for a SAFE buyback held in treasury, but no execution report has been published, and SEP-56 (passed Oct 7, 2026) sends Safenet fees entirely to Sentinel operators. Supply is fixed at 1B with no mint function or proxy, and the owner Safe can only manage transferability. Core contributors, backers and the Foundation took 30%, plus 15% to GnosisDAO, with no public sale. Accounts are immutable singletons, but fee routing and staking run through the Foundation and a 3-of-5 Safe executing Snapshot votes. Its standing turns on a verifiable buyback or fee route to stakers.
How value reaches holders
Community-Aligned Fees ratified (~$2.5M/yr native-swap fees to a SAFE buyback held in treasury), but no execution report has ever been published. Safenet staking (76.9M SAFE, 865 stakers, Sep 2026) was paid from the SEP-55 DAO subsidy that ended Oct 13, 2026; SEP-56 (passed Oct 7, 2026) sends Safenet fees 100% to Sentinel operators and pays stakers from a ~5M SAFE subsidy. DefiLlama revenue ~$1M trailing year (Oct 19, 2026)
Score anatomy
Demand
12 / 45: the stronger of two routes, plus adoptionWhy would anyone hold it: does value reach the token, and is the network or product used today?
Approved or designed but inert, indirect sinks only, or flows into a treasury or endowment
$0.5-5M/yr, or undisclosed
Governance and Safenet staking only; no fee or collateral role.
Trading onlyhigh confidenceHow this is scored
Safe secures ~$27B and is the default multisig for DAOs and treasuries, but fees are tiny ($0.98M TTM, -56% YoY)
Leader: a top-three network or product in its category by use, holding or gaining sharemedium confidenceHow this is scored
Two routes, the stronger counts
Soundness
24 / 40Can a long-term holder trust the rules: supply, float, distribution and control?
Fixed 1B: no mint function or proxy; the 3-of-5 owner Safe can only manage transferability (verified source, Oct 23, 2026).
Hard cap or net deflationary by protocol rule, under 1%/yr gross growth, and nobody can mint past the cap or change the schedule short of a hard fork node operators adopthigh confidenceHow this is scored
Float 78% (783M of 1B); ~225M is locked on schedules to 2030 (~0.6% of float a month), plus ~7.4M SAFE of SEP-56 staking subsidy.
0.5-1.5% per month, or large foundation or treasury holdings without a schedulehigh confidenceHow this is scored
Core contributors 15%, backers 8% (2022 strategic raise), Safe Foundation 7%: 30%, plus GnosisDAO 15%; user and ecosystem airdrops 10%, SafeDAO treasury 40%; no public sale
Insiders received 25-50%, or one organization directs 10-30%medium confidenceHow this is scored
Safe accounts are immutable singletons and the SAFE token can no longer be paused; fee routing and Safenet staking are run by the Foundation and a 3-of-5 SafeDAO Safe executing Snapshot votes
Attack cost $10-100M, an unexploited soundness bug in the last 24 months, or upgrades by a security council or governance with under a 7-day exit windowlow confidenceHow this is scored
Durability
4 / 15Is it big, proven and reachable by institutions?
$81.3M market cap (band 2), $1.6M/day median volume (band 2), no flags.
Small: $50-250M market cap and $1M/day+How this is scored
Transferable since Apr 16, 2024 (2.5 years); the Feb 21, 2025 Bybit theft ($1.46B) ran through a compromised Safe{Wallet} front end.
1-3 yearshigh confidenceHow this is scored
Spot on Coinbase, Kraken, OKX, Bybit and Upbit; no ETP or US filing found.
Top-tier exchanges only, or delisting pressuremedium confidenceHow this is scored
What would move it up
To reach T3 Mixed, one gate is still open:
- Value engine 0needs 2(open)
- Score 40gate 40(met)
- Adoption 4gate 2(met)
- Supply 5gate 1(met)
Tier outlook · next trigger Apr 16, 2027
Stable
- Holder routing rises if a Community-Aligned Fees buyback execution report appears (none to date)
- Holder routing rises further only if fees reach stakers or burns rather than the treasury
- Revenue holds the $0.5-5M band at ~$1M trailing (Oct 19, 2026)
- Float absorbs ~225M SAFE on schedules to 2030, ~0.6% of float a month
- Track record reaches 2 at three years on Apr 16, 2027
Research report
Sep 17, 2026 · source confidence 65%Vast adoption with almost none of it reaching the token. Safe generated about $2M of project revenue in Q2 2026 against roughly $27B secured, and the Safenet staking program (about 77M SAFE staked) is funded entirely by a DAO subsidy that ends October 13 2026. The successor proposal drafted September 17 2026 routes 100% of Safenet check fees to Sentinel operators and 0% to stakers or the DAO through October 2027. No execution report for the ratified Community-Aligned Fees buyback has been published. About 78% of supply circulates, with the remainder on long linear schedules to 2030.
Structure (11 facts)
- Chain
- ethereum
- What it is
- smart-account infrastructure (Safe{Wallet}, Safenet); governance token of SafeDAO
- Max supply
- 1,000,000,000
- Circulating supply (approx)
- 775,000,000
- Market cap (approx)
- $74,000,000
- Unlocks
- ~225M locked on schedules to 2030 (SafeDAO 8-yr linear, GnosisDAO/contributor/backer 4-yr tails); SEP-56 asks ~7.4M SAFE emissions over 12 months from Oct 13 2026; Foundation treasury program monetizes SAFE holdings via structured products
- Value accrual
- None reaching holders today. Community-Aligned Fees ratified but no buyback execution ever reported. Safenet staking (76.9M SAFE, 865 stakers) is paid 100% from DAO subsidy (SEP-55, ends Oct 13 2026); SEP-56 draft (Sept 17 2026) routes 0.40 USDC per Safenet check 100% to Sentinels, 0% to DAO or stakers, through Oct 2027
- Annualized revenue
- $8,000,000
- Traction
- Q2 2026 project revenue $1.98M (+42% YoY) vs ~$27B TVS; DefiLlama fees ~$1.05M trailing year
- Liquidity
- ~$1.1M/day
- Governance
- Forum threads "Seriously, what is the strategy here?" and transparency complaints active through Sept 2026
Market figures at report date (Sep 17, 2026)
- Price (approx)
- $0.095
- FDV (approx)
- $95,000,000
- All-time high / low
- 3.79 (2024-04); ATL 0.0754 (2026-06-24)
Compare with
How the ranking works and how SAFE compares: see the full ranking. This entry as JSON:
GET https://tokens.10102.io/api/v1/tokenomics?symbol=SAFE