SafePal and 1inch have announced the launch of 300 sets of co-branded hardware wallets planned for July 22, 2025, aimed at enhancing security and usability in DeFi.
Launch of Co-Branded Hardware Wallets
**SafePal**, known for its focus on security, partnered with **1inch** to release a limited series of hardware wallets. According to **Veronica Wong**, CEO of SafePal, the initiative targets genuine DeFi users with high security needs. This initiative contrasts traditional airdrop schemes.
Focus on Security and Engagement
**Sergej Kunz**, co-founder of 1inch, emphasized that the project supports self-custody. This collaboration highlights a shift towards improving security practices among users amid changing market conditions. Recent data shows decentralized exchanges account for 30% of the global spot trading volume, indicating increased demand for reliable, self-custody solutions in DeFi.
DeFi Market Insights
The recent boom in decentralized exchanges, reaching a 30% trading volume share, underscores the growing necessity for such initiatives like the SafePal and 1inch collaboration to enhance security practices and user self-custody in DeFi. As of July 22, 2025, the price of Ethereum (ETH) stands at $3,627.15, despite a 3.97% decline over the past 24 hours.
Initiatives like the collaboration between SafePal and 1inch may stimulate DeFi market growth, emphasizing the importance of self-custody for user security.
