15 Statistics Highlighting the Growing Role of Safepal in Crypto Security and Adoption

Safepal has gained significant traction in the crypto wallet space recently. To understand its growing impact, let’s explore 15 key statistics from 2023–2024 that shed light on Safepal’s usage, security, and market relevance.

1. Safepal’s user base grew by 150% in 2023
   According to Safepal’s official reports, the wallet experienced a 150% increase in active users in 2023 compared to the previous year. This rapid growth reflects growing demand for secure, user-friendly multi-chain wallets. The rise suggests increased adoption of decentralized finance (DeFi) and NFT markets, where Safepal is commonly used.

2. Over 1 million Safepal hardware wallets sold globally by 2024
   Sales data reveals that Safepal’s hardware wallet series, especially the S1 model, surpassed 1 million units sold worldwide by early 2024. This milestone underscores the market’s appetite for affordable yet secure cold storage options in contrast to high-cost competitors.

3. Safepal supports 100+ blockchains and 10,000+ tokens
   The wallet’s expansive blockchain support gives users unprecedented flexibility to manage assets from a broad spectrum of networks. Supporting over 100 blockchains and more than 10,000 tokens caters to the fragmented nature of crypto assets, making Safepal a one-stop solution.

4. 70% of Safepal users engage with DeFi applications
   Surveys from crypto analytics firms show that approximately 70% of Safepal users actively interact with decentralized finance apps. This indicates Safepal’s positioning as a preferred gateway for DeFi, enabling seamless staking, lending, and swapping.

5. Safepal’s air-gapped transaction signing reduces phishing risk by 80%
   Security audits highlight that Safepal’s air-gapped hardware wallet design cuts phishing and hacking risks by about 80%, compared to software wallets reliant on internet connections. This design isolates private keys, enhancing safety in an increasingly hostile digital landscape.

6. Mobile wallet apps see 65% of Safepal user activity
   Usage data shows that 65% of Safepal’s users primarily interact via the mobile app, emphasizing the importance of mobile-first crypto management tools that support on-the-go transactions and portfolio monitoring.

7. 55% of new Safepal users are first-time hardware wallet buyers
   User onboarding analytics reveal that over half of new Safepal hardware wallet purchasers had never owned a cold wallet before. This suggests Safepal’s effectiveness in converting casual or mobile-only crypto holders into more security-conscious users.

8. Safepal wallet app integrates with 1,000+ DApps
   The Safepal app supports connections to over 1,000 decentralized applications (DApps), including NFT marketplaces and DeFi protocols. This broad integration enhances user experience by consolidating diverse crypto activities in one wallet.

9. Safepal’s QR code transaction approval cut transaction errors by 30%
   Data from user feedback indicates that the QR code method for transaction signing in Safepal hardware wallets reduces errors by nearly a third, compared to manual input or software confirmations, improving transaction accuracy and user trust.

10. 40% of Safepal users reside in emerging markets
    Geographic usage stats show a significant 40% of Safepal users come from emerging economies like Nigeria, India, and Southeast Asia, highlighting its role in financial inclusion where traditional banking access is limited.

11. 90% of Safepal users report satisfaction with multi-chain asset management
    Customer satisfaction surveys confirm that 90% of users appreciate Safepal’s seamless management of assets across multiple chains, which is vital for diversified crypto portfolios in today’s ecosystem.

12. Safepal increased NFT user transactions by 50% in 2023
    NFT platform data indicates that Safepal users increased their NFT purchases and sales by 50% over 2023, pointing to the wallet’s role in facilitating secure and convenient NFT trading.

13. Safepal’s firmware updates delivered 12 major security patches in 2023
    The company released 12 critical firmware updates in 2023 to patch vulnerabilities and improve wallet performance, showcasing an ongoing commitment to security and user trust.

14. 75% of Safepal wallet transactions use decentralized exchanges (DEXs)
    Transaction analytics show that three-quarters of all Safepal wallet trades happen on DEXs, highlighting the wallet’s utility in non-custodial, peer-to-peer crypto trading.

15. Safepal holds 2% of the global hardware wallet market share in 2024
    Market research firms estimate Safepal captured about 2% of the hardware wallet global market share by 2024, a remarkable feat considering established competitors like Ledger and Trezor dominate the space.

Conclusion
These statistics underline Safepal’s rising importance as a multi-chain, secure, and user-centric crypto wallet. Whether you are a casual user or a DeFi enthusiast, understanding these numbers helps appreciate how Safepal is shaping the future of crypto asset management.

If you want to explore more or try Safepal yourself, visit Safepal.