SecondSwap Expands to Avalanche Blockchain for Enhanced Token Trading
SecondSwap has announced its move to the Avalanche blockchain, following a successful launch on Ethereum. This expansion aims to create a transparent and accessible secondary market for locked and vesting tokens.
Traditionally,trading locked tokens has been a private,off-market affair,lacking transparency and carrying settlement risks. SecondSwap is changing this by bringing locked token trading fully on-chain. Using smart contracts, it ensures transparent pricing, verifiable asset transfer, and real-time settlement.
founder Kanny Lee stated, “SecondSwap is transforming the secondary market for locked tokens, making it more efficient and transparent.” The platform allows projects to issue, price, and trade locked assets without third-party services. Investors can propose discounts and choose preferred vesting periods.
SecondSwap supports lot sizes with three, six, and 12-month lockup periods, making it accessible to a broader range of investors. Early users who whitelist their wallets and place bids can access discounted tokens.
Justin Kim, Head of Asia at Ava labs, noted that SecondSwap aligns with Avalanche’s mission to digitize and democratize asset ownership. The expansion supports Avalanche’s DeFi growth plans.
SecondSwap’s move follows a $1.2 million seed funding round led by GSR and Animoca Ventures. The company plans to build tools for on-chain lifecycle management, reducing volatility and improving market efficiency.
