Exclusive: SecondSwap expands to Avalanche to boost locked token trading
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.
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.
