According to @pendle_fi, bringing the secondary markets for locked and vesting tokens onchain has significantly improved trading by making it easier, more cost-effective, safer, and fully transparent. This innovation allows both retail and institutional traders to participate in these markets, increasing overall liquidity and reducing spreads. The onchain structure also minimizes counterparty risk and enables real-time verification of trades, directly impacting token price discovery and market efficiency (Source: @pendle_fi, Twitter, 2024-06-25). For crypto traders, this development offers new strategies for managing locked assets and accessing liquidity, which could influence broader DeFi token valuations and trading volumes.