SAFE Messari releases Safe 2025 Q1 status report: The total transactions processed by Safe in Q1 2025 (TVP, transfer transactions in and out of Safe) reached a historic high of 189.6 billion US dollars, an increase of 65.1% compared to the previous quarter. TVP on Ethereum leads with $82.9 billion, followed closely by Base with $727 million. The number of Safe quarterly transactions reached a historic high of over 116.7 million in the first quarter of 2025, representing a 34% increase compared to the previous quarter. World Chain accounts for nearly 91.2%. The DEX trading volume of Safe smart accounts surged to $26.2 billion in the first quarter, a month on month increase of 442.5%. Base and Arbitrarum led this increase, contributing over 78% of DEX trading volume in total. In the first quarter, World Chain accounted for 94.3% of Safe Daily Active Users (DAUs) and 60.1% of all newly created accounts (7.1 million). The total number of Safe smart accounts has exceeded 41.6 million. The adoption rate of Safe (the percentage of Safe transactions to the total transaction volume of all supported networks) increased from 4.5% in the fourth quarter of 2024 to 5.8% in the first quarter of 2025. As of the first quarter of this year, Safe has been deployed to over 20 networks, including Arbitrarum, Avalanche, Base, and more. In February 2025, a targeted attack on the Safe web interface resulted in Lazarus Group stealing approximately $1.5 billion in assets from Bybit's cold wallet; The Safe protocol and smart contracts have not been compromised. After the incident, Safe implemented stricter access controls, multi factor authentication, web asset encryption signatures, and more frequent security audits and monitoring to strengthen its web interface infrastructure and prevent similar attacks from happening again. https://(messari.io)/report/state-of-safe-q1-2025? utm_source=twitter&utm_medium=organic_social&utm_campaign=q1_quarterlies&destination=protocol_services_research