An alternative cryptocurrency connected to a security-focused digital wallet is outperforming the wider market for digital assets, experiencing a surge of over 40% this week. Safe, a smart contract wallet that operates on various blockchains, introduced native swaps as a new feature. The team behind Safe explains that batch auctions have been implemented to streamline the trading process, reducing costs and the need for multiple signatures. Additionally, the wallet offers built-in protection against maximal extractable value (MEV) by utilizing specialized third-party solvers, ensuring fair and interference-free transactions. As a result, the project’s native asset, SAFE, experienced a significant increase of 43% this week, rising from a low of $1.78 to a high of $2.55. However, the altcoin is currently trading at $2.21, having retraced from its peak. Despite its recent gains, SAFE remains more than 37% below its all-time high of $3.56, which was reached on April 23rd this year. CoinGecko provides this data. SAFE began trading in April, with Coinbase listing the asset under an “experimental label,” indicating potential risks due to price volatility and limited trading volume and availability. Subsequently, Singapore-based cryptocurrency trading platform Bitrue and Seychelles-based exchange MEXC also listed Safe for trading from April 25th.