Protected good accounts processed practically 130 million transactions within the second quarter, the best quarterly whole within the protocol’s historical past and a 5.7% enhance from Q1, the Protected Ecosystem Basis mentioned in its Q2 2026 report printed Wednesday.
The file quarter got here towards a weaker market, an indication that good account utilization is compounding independently of worth. Complete Protected accounts reached 63.4 million, up 20% 12 months over 12 months, and month-to-month energetic accounts climbed by way of the quarter to 2.73 million in June. April was the busiest month ever recorded, with 55.4 million transactions.
Switch quantity hit $39.3 billion within the quarter, up 8% 12 months over 12 months, and Protected accounts collectively held $27.24 billion in self-custodied property at quarter-end, together with $6.48 billion in stablecoins, based on the report. The Protected challenge generated $1.98 million in income, up 42% 12 months over 12 months.
“Q2 issues as a result of it confirmed Protected changing into greater than a spot to carry property,” Lukas Schor, co-founder of the Protected challenge and president of the Protected Ecosystem Basis, mentioned within the report. “Utilization saved compounding by way of a weaker market, groups continued to coordinate severe capital by way of Protected, and Safenet moved transaction safety nearer to execution.”
$SAFE was up 4.2% prior to now 24 hours, outpacing Bitcoin’s 1.3% acquire, based on CoinGecko.
Safenet’s First Quarter
Safenet Beta, the transaction safety community Protected launched on April 2, closed its first quarter with 54.8 million $SAFE staked throughout 539 stakers, and had checked greater than 500,000 Protected transactions as of Tuesday, per the inspiration’s Dune dashboard. The community began with six validators: Greenfield, Protected Labs, RockawayX, Blockchain Capital, Gnosis and Core Contributors. Throughout beta, Safenet applies predefined safety insurance policies to Protected exercise and data attestations onchain.
The quarter additionally put Protected on the heart of disaster response. After the April KelpDAO exploit, the Aave-led DeFi United group used Protected good accounts to coordinate roughly $300 million to assist restore rsETH backing, with greater than 142,000 wallets taking part over three weeks, based on the report.
