Safe's reported asset growth comes with a measurement change worth reading.
Its new Q3 report puts smart-account TVL at $57.64 billion, versus $27.24 billion at the Q2 close. The Foundation says the increase reflected rising ETH prices and the first-time inclusion of DeFi positions.
For $SAFE watchers, that means the headline increase combines valuation effects and a broader count. Reading all of it as fresh deposits would overstate what this comparison can establish about new money arriving.
Its new Q3 report puts smart-account TVL at $57.64 billion, versus $27.24 billion at the Q2 close. The Foundation says the increase reflected rising ETH prices and the first-time inclusion of DeFi positions.
For $SAFE watchers, that means the headline increase combines valuation effects and a broader count. Reading all of it as fresh deposits would overstate what this comparison can establish about new money arriving.