PANews reported on December 2 that according to official news, the liquidity solution SecondSwap announced the completion of a $1.2 million seed round of financing, with GSR and Animoca Ventures, E4 Capital, Yellow Capital, BCW Group, HGEN DAO, ARC Community, Nonco, and Libra Capita participating in the investment. The funds will be mainly used to expand the market functions of SecondSwap.

According to reports, SecondSwap provides an automated over-the-counter market for assets with poor liquidity. It supports token diversification, risk management, and transparent transactions through smart contracts. It is currently testing the network on Ethereum and plans to expand to multiple chains. SecondSwap's mainnet will be launched in January 2025.