SecondSwap announced on Tuesday its expansion to the Avalanche blockchain ecosystem following a successful launch on Ethereum earlier this year.
The integration is designed to offer a transparent and accessible secondary market for tokens subject to vesting schedules or early contributor lockups, crypto.news can exclusively report. According to a Tokenomist report earlier this year, the sector is estimated to hold more than $100 billion in value.
SecondSwap is a decentralized exchange focused on locked and vesting digital assets.
Following its launch on Ethereum (ETH) in February, SecondSwap’s expansion to Avalanche (AVAX) introduces native smart contracts designed for managing token lockups, secondary trading, and price discovery directly on-chain.
Bringing transparency to locked token trading
Traditionally, trading locked tokens has been limited to private, off-market transactions. The downside is that it often lacks transparency and carries settlement risks.
“Today’s secondary market for locked tokens remains largely manual, opaque, and inefficient,” Kanny Lee, Founder of SecondSwap, said in the press release. “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.”
Projects using SecondSwap can issue, price, and trade locked assets without relying on third-party services. Investors can benefit from a platform offering a bidding mechanism that allows users to propose discounts and select preferred vesting periods.
Lot sizes consist of three, six, and 12 month lockup periods which means better access for a broader range of investors, not just institutional participants.
Early users who whitelist their wallets and place bids can potentially access discounted tokens compared to prevailing market prices.
Expansion supports Avalanche’s DeFi growth plans
Justin Kim, Head of Asia at Ava Labs, said the launch fits into Avalanche’s broader strategy to expand DeFi infrastructure and support tokenized asset markets.
“SecondSwap perfectly aligns with Avalanche’s mission to digitize, democratize, and de-risk asset ownership,” he said.
SecondSwap’s expansion follows a $1.2 million seed funding round led by GSR and Animoca Ventures. The company says it plans to continue building tools to support on-chain lifecycle management for token projects, aiming to reduce volatility tied to unlock events and improve overall market efficiency.
