An altcoin linked to a security-focused crypto wallet has jumped over 43% in just one day. This impressive gain outpaced the broader crypto market.

Safe (SAFE) is a smart contract wallet that works across multiple blockchains. Right now, the native token, SAFE, is trading at $1.36. Just a day ago, it was around $0.95. This cryptocurrency is currently ranked 124th by market cap. In the past week, it’s up nearly 55%, and in the last month, it has soared more than 74%.

For comparison, the overall crypto market cap has only increased by 1% in the past day, according to CoinGecko.

Danilo Pereira, a product marketer at Safe, pointed out that the project’s total value locked (TVL) is five times larger than that of Robinhood’s centralized exchange. TVL indicates the total amount of capital held within a protocol’s smart contracts. It’s a key measure of a crypto ecosystem's health.

After SAFE’s price surge, the project announced a new feature. They launched gasless deployment with the same address across more than 15 networks. This feature offers “unprecedented flexibility in asset management,” according to the team.

However, despite these gains, SAFE is still down 61% from its all-time high of $3.56. That peak was reached shortly after its launch in April.