SafePal and 1inch Collaborate to Enhance DeFi Security and User Experience

SafePal and 1inch have partnered to launch a Walletdrop collaboration, enhancing DeFi security and user experience. The joint effort aims to promote self-custody and identify genuine DeFi security needs. 300 limited-edition co-branded hardware wallets were released to incentivize active users and promote secure asset protection. The collaboration holds significant strategic value as DeFi expands and attracts more mainstream users.

SafePal and 1inch have recently partnered to launch a Walletdrop collaboration aimed at enhancing DeFi security and user experience. The joint effort focuses on promoting self-custody and identifying genuine DeFi security needs. As part of the initiative, 300 limited-edition co-branded hardware wallets were released to incentivize active users and promote secure asset protection.

The collaboration, which kicked off on July 22nd, 2025, and is set to run until August 21st, 2025, offers participants the chance to win one of the exclusive wallets through a series of lucky draw/raffle rounds. To be eligible, participants must complete a series of tasks, including exploring the 1inch Portfolio Website, swapping at least $50 using 1inch in SafePal Swap, and joining the Telegram group. Each winner will receive a 1inch x SafePal limited edition hardware wallet, which can be claimed via a redemption link in the QuestHub redeem center [1].

The 1inch platform, known for its seamless crypto trading experience for over 24 million users, offers a range of innovative tools such as a secure self-custodial wallet, a portfolio tracker, a developer portal, and a debit card for easy crypto spending. By partnering with SafePal, 1inch aims to enhance the security of its users' digital assets, particularly in the DeFi space [1].

SafePal, a next-generation non-custodial crypto wallet suite, has been empowering users with access to decentralized and centralized finance on over 100 blockchains. The company's suite includes hardware, software, and browser extension wallet solutions, serving over 20 million users globally. The collaboration with 1inch underscores SafePal's commitment to promoting secure asset protection and enhancing user experience in the DeFi ecosystem [1].

The Walletdrop campaign is part of a broader trend in the cryptocurrency industry, where DeFi has seen a massive surge in total value locked (TVL). According to a report by Arch Network, Bitcoin DeFi has seen a 1,971.7% rise in TVL over just a year and a half, increasing from $307 million in January 2024 to $6.5 billion by December 2024. This surge is attributed to protocol launches, novel token standards, growing institutional inflows, and increasing user demand for composable financial tools [2].

The collaboration between SafePal and 1inch holds significant strategic value as DeFi continues to expand and attract more mainstream users. By offering secure hardware wallets and promoting self-custody, the partnership aims to address the growing security needs of DeFi users and foster a more secure and user-friendly ecosystem.

References:
[1] https://www.safepal.com/en/blog/1inch-walletdrop-giftbox
[2] https://cryptonews.com/news/bitcoin-defi-tvl-surges-from-307-million-to-6-4-billion-in-just-18-months/