DA NANG, VIETNAM, June fifth, 2025, Chainwire
SecondSwap, the pioneering decentralized trade for buying and selling locked and vesting tokens, introduced its official launch on the Solana blockchain throughout Solana Summit APAC. As a part of its “Solana Season” marketing campaign, the platform is now accepting bids for choose locked Solana-native tokens, together with SOL, Jupiter (JUP), Raydium (RAY), Jito (JTO), and well-liked memes BONK and WIF.
With over $100 billion in locked tokens throughout the trade, SecondSwap allows a brand new market alternative by providing clear, decentralized bidding and buying and selling for illiquid tokens – with out impacting present tokenomics or relying on opaque OTC desks. Ethereum and Solana lead the trade in complete worth locked (TVL), rating first and second respectively, in accordance with CoinGecko. With SecondSwap now dwell on each mainnets, customers achieve entry to the deepest and broadest pool of vesting and rising tokens available in the market.
Collectively, the 2 dominate on-chain exercise – Solana alone sees over 72,000 new tokens minted day by day, fuelled by meme tradition and the convenience of quick, low-cost issuance. However with that velocity comes volatility.
“Sustainable liquidity is the following step in maturing our ecosystem,” mentioned Anh Tran, Solana Summit organizer and APAC Superteam Lead. “With hundreds of tokens launching day by day, many with out structured unlocks, SecondSwap introduces a extra measured, market-driven path ahead to scale back post-airdrop chaos.”
“Solana is the place velocity meets scale,” mentioned SecondSwap Founder, Kanny Lee. “Sustainability for a fast paced ecosystem like Solana will profit from time locked belongings which are extra successfully distributed throughout the neighborhood.”
SecondSwap’s growth onto Solana delivers a completely democratized secondary market that brings a lot wanted construction, pricing indicators and pre-vest liquidity to a sequence with one of many highest volumes of recent token issuance and upcoming token unlocks.
“By introducing clear pricing, liquidity entry, and built-in guardrails, SecondSwap helps to convey market maturity to the fast-moving world of memes and the broader Solana economic system.” Lee mentioned.
Locked Solana tokens are more and more being acquired by company treasuries by OTC transactions, as companies search to copy the success of Technique’s (previously MicroStrategy) Bitcoin-first treasury mannequin. NASDAQ listed Upexi Inc. bought over 326,000 locked SOL tokens at discounted charges, amassing a complete holding valued at roughly $102 million. These strategic acquisitions permit corporations to acquire $SOL beneath market worth, stake for yield, and wait out vesting durations – highlighting a rising institutional urge for food for Solana as a long-term treasury asset. But, these alternatives stay largely inaccessible to the broader market.
SecondSwap adjustments that. By bringing locked-token markets on-chain, it removes the exclusivity of OTC channels and makes worth discovery open to all. In contrast to present buying and selling desks that favor block trades and whales, SecondSwap permits any participant – from retail to institutional – to take part, leading to a extra inclusive, liquid, and environment friendly market for locked tokens.
To take part in SecondSwap’s bid marketing campaign, customers whitelist their pockets and place non-binding bids indicating their most well-liked worth and vesting time period. When matching stock turns into accessible, bidders are granted first-right entry to buy at or close to their specified phrases. The bidding course of is absolutely clear and democratized, with no minimal funding required. There isn’t a restrict to the variety of bids a dealer can place.
SecondSwap’s growth marks a serious leap for Solana’s secondary token markets, the place initiatives and token holders alike search better flexibility, yield, and worth effectivity within the face of huge unlock occasions.
Talking on this broader market dynamic, Lee added “Solana is the birthplace of meme cash – however many aren’t constructed with conventional tokenomics in thoughts. SecondSwap provides a brand new method to handle the post-airdrop chaos by structuring liquidity and softening volatility. It’s a wiser path ahead for issuers and communities alike.”
traders can now point out curiosity and place zero-commitment bids on a rising record of locked Solana-based belongings at https://secondswap.io/solana-season. After the preliminary bid marketing campaign interval, the listed tokens shall be accessible for buy on the SecondSwap market in various lot sizes and vesting tenors.
The Solana launch follows profitable activations on Ethereum and Avalanche, with SecondSwap’s multichain roadmap persevering with to focus on ecosystems the place massive token unlocks meet rising liquidity calls for. Customers of the platform can anticipate extra Solana tokens to be added within the coming weeks.
About SecondSwap
SecondSwap is revolutionizing OTC buying and selling by offering a safe, clear, and decentralized market for locked tokens. The platform promotes a extra environment friendly market for illiquid belongings by eliminating intermediaries and establishing clear and honest token worth – backed by its proprietary Good Vesting Protocol. Customers can be taught extra at secondswap.io
Contact
Advertising & Communications
Ian Stirling
SecondSwap
ian@secondswap.io
