Press releases · 1 min read
SecondSwap Expands To Avalanche Following Ethereum Launch
A press release I wrote detailing SecondSwap's expansion into the Avalanche blockchain ecosystem.
Written by Haider Jamal · Node #GN-13
SecondSwap has expanded to the Avalanche (AVAX) blockchain following its successful Ethereum (ETH) debut earlier this year. The expansion follows a $1.2 million seed round led by GSR and Animoca Venture.
Secure, Real-Time Settlement
SecondSwap focuses on creating an on-chain secondary market for tokens under vesting schedules, a sector estimated to be worth over $100 billion, according to Tokenomist.
Source: X (@secondswap_io)
By deploying native smart contracts on Avalanche, SecondSwap enables secure, real-time settlement and price discovery for locked assets, replacing traditionally opaque, off-market trades.
“Today’s secondary market for locked tokens is manual and inefficient,” said SecondSwap founder Kanny Lee. “We’re solving this with smart contract-based trading that ensures transparency and trust.”
Enhancing Accessibility
The platform allows projects to issue and trade locked tokens without third-party intermediaries. Investors can place bids, set discounts, and select from 3, 6, or 12-month lockup periods, increasing accessibility beyond institutional players.
Justin Kim, Head of Asia at Ava Labs, said the integration supports Avalanche’s goal to grow DeFi and tokenized asset infrastructure. Moreover, early users who whitelist wallets and place bids may gain access to discounted tokens.
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