A strategic hardware wallet giveaway targets genuine DeFi users as decentralized exchanges capture record trading volume, emphasizing the industry’s shift toward self-custody solutions.
SafePal and 1inch will distribute 300 limited-edition hardware wallets to active users of 1inch’s swap aggregator within the SafePal mobile wallet. The initiative replaces traditional token airdrops with physical security devices to reward engaged DeFi participants while discouraging bot activity.
The partnership arrives as DEXs achieve record 30% market share of global crypto trading volume, reflecting growing demand for non-custodial solutions. SafePal recently upgraded its hardware wallet security chips and expanded blockchain integrations, including a new Telegram-based wallet and Solana staking support.
1inch, which aggregates liquidity across 200+ blockchains, views the campaign as crucial for promoting self-custody amid ongoing concerns about centralized exchange risks. “User-owned asset management becomes increasingly vital as DeFi scales,” noted 1inch co-founder Sergej Kunz.
CryptoFeedHub Note: This article is a rewritten summary based on external reporting. Original source: CoinDesk.