Key Points
- Upbit introduced the itemizing of Safe (SAFE) at present, supporting KRW, USDT, and BTC markets.
- Following the announcement, the token’s value surged by over 74%.
Earlier at present, the most important crypto trade in South Korea, Upbit, introduced the itemizing of Safe (SAFE) token, supporting the KRW, USDT, and BTC markets.
Following Upbit’s official itemizing announcement, the value of the SAFE token surged considerably.
SAFE Price Surges by 74%
After the South Korean crypto trade introduced the SAFE token itemizing at present, the coin’s value spiked by over 74%, reaching a value of over $1.75, and a market cap of greater than $813 million.
At the second of writing this text, SAFE is buying and selling round $1.65, up by over 64% prior to now 24 hours.
Ahead of the itemizing announcement by way of Upbit, the coin recorded a slight value drop from $1.13, under $1 on October 23, adopted by at present’s important value surge.
Safe (SAFE) Notable Achievements
Just a couple of minutes in the past, by way of an X post, the staff at Safe introduced that the mission’s TVL is greater than 5x the TVL of Robinhood’s CEX.
It’s additionally value noting that Polymarket, the largest prediciton market is constructed on Safe – Polymarket’s reputation has grown recently as a result of essential upcoming US elections.
Also, on October 22, the staff at Safe announced that quickly, Safe will bridge on-chain to off-chain liquidity.
What is Safe (SAFE)?
According to the Safe (SAFE) account on X, the mission is “the possession layer” and the most important sensible account ecosystem on the EVM. There are over 200 tasks constructed with Safe, and over $100 billion in worth secured.
The Safe mission consists of the next:
- Safe{Core} – a full stack of account distraction infrastructure
- Safe{Wallet} – the business customary multi-sig
The mission focuses on making each Ethereum account a sensible account and enabling new use circumstances together with AI, staking, gaming, SocialFi, DeFi, and funds.
Safe’s ecosystem’s tasks embody Gnosis Pay and Worldcoin deployed in over 15 networks, constructing on the Safe smart5 account customary.
