- SecondSwap has expanded to the Avalanche blockchain, enabling fully on-chain trading of locked and vesting tokens with smart contract transparency.
- The move supports Avalanche’s DeFi growth while offering investors discounted access to locked assets through a secure, decentralized platform.
In a major step toward reshaping the secondary market for locked crypto assets, SecondSwap has announced its expansion to the Avalanche blockchain, following a successful debut on Ethereum earlier this year.
The move, revealed exclusively to crypto.news, positions SecondSwap to further its mission of creating a transparent and decentralized exchange for tokens under vesting schedules or early contributor lockups—a sector valued at over $100 billion, according to Tokenomist.
Also read: Solana DEX Growth Soars as 1inch Launches, Paving the Way for Seamless Crosschain Swaps
SecondSwap’s platform enables on-chain trading of locked tokens using native smart contracts that manage lockups, pricing, and transfers with full transparency. The Avalanche integration marks a significant evolution, as it brings faster transaction speeds and lower fees to the platform’s users, supporting more efficient price discovery and real-time settlement.
“Today’s secondary market for locked tokens remains largely manual, opaque, and inefficient,” said SecondSwap founder Kanny Lee. “SecondSwap is transforming this model by bringing locked token trading fully on-chain, with smart contract execution that delivers transparent pricing, verifiable asset transfer, and real-time settlement.”
Traditionally, trading locked tokens involved private, over-the-counter deals often plagued by lack of transparency and high settlement risks. SecondSwap offers a solution by allowing projects to issue and trade locked assets directly, with investors able to submit bids for discounted tokens based on preferred vesting terms—ranging from three to 12 months.
This latest development supports Avalanche’s broader strategy to strengthen its DeFi ecosystem. “SecondSwap perfectly aligns with Avalanche’s mission to digitize, democratize, and de-risk asset ownership,” said Justin Kim, Head of Asia at Ava Labs.
The expansion follows a $1.2 million seed round led by GSR and Animoca Ventures. With its growing footprint and robust smart contract infrastructure, SecondSwap aims to improve price efficiency, reduce volatility around token unlock events, and offer both investors and token projects greater control in the secondary trading landscape.
As the DeFi space matures, platforms like SecondSwap are increasingly pivotal in unlocking liquidity and transparency in a once-opaque segment of the crypto market.
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