Safe{Wallet}, a leader in smart account infrastructure, has just rolled out a game-changing feature: native token swaps. This update integrates CoW Protocol, allowing users to execute seamless, secure, and cost-effective trades directly within the app. With over $23 billion in swap volume over the past three years, this new addition promises to enhance user experience and drive further growth.
Since June 2023, Safe{Wallet} has averaged $450 million in monthly swap volume, hitting nearly $1 billion in March alone. These figures underscore the growing demand for easy, secure asset swaps within the Safe community. Previously, users had to navigate to external websites for token swaps, complicating the process. Now, with native swaps, everything happens within the Safe{Wallet} app, streamlining transactions and enhancing security.
The new native swap feature leverages CoW Protocol’s advanced aggregation and intent-based architecture. This integration taps into a vast liquidity pool across decentralized exchanges, offering users competitive prices and a broad selection of tokens. Safe{Wallet} users can now enjoy seamless trades on CoW Protocol, benefiting from CoW Protocol’s innovative approach to liquidity and execution.
Native swaps within Safe{Wallet} bring multiple advantages. The intent-based swap mechanism supports batched execution, reducing the chances of errors or expirations common with multi-signature transactions. Users get accurate and secure trades, with added peace of mind from MEV (Miner Extractable Value) protection. This feature significantly improves the overall user experience, making Safe{Wallet} a more attractive option for both new and existing users.
The introduction of native swaps marks a potential tipping point for smart accounts, potentially surpassing traditional Externally Owned Accounts (EOAs) in popularity within Web3. Safe has shown sustained ecosystem growth, with the community recently voting to make the SAFE token transferable. This transition underscores the evolving landscape of digital asset management, with Safe{Wallet} at the forefront.
“Native token swaps are a game-changer for Safe{Wallet} users, prioritizing seamless experiences and MEV-protection through an intent-based architecture,” said Co-Founder of Safe, Lukas Schor.
“Safe is the most secure way to own assets,” added Anna George, Co-founder of CoW Protocol. “We share the Safe team’s vision for seamless and reliable transactions. Our collaboration streamlines the swapping process for Safe{Wallet}’s extensive user base while contributing to the continued growth of the CoW Protocol ecosystem.”
Why It Matters
This development is crucial as it enhances the efficiency and security of digital asset transactions. By integrating native swaps, Safe{Wallet} not only simplifies the trading process but also fortifies it against common transactional pitfalls. This move is a significant step towards making digital asset management more accessible and secure for everyone, from casual users to institutional investors.
