SecondSwap DEX Officially Launches on Ethereum, Plans Solana Expansion Next

SecondSwap Launches Ethereum Mainnet, Eyes Solana Expansion to Unlock $500M in Token Liquidity

February 19, 2025 – Secondary token trading platform SecondSwap has officially launched its mainnet on Ethereum, aiming to improve market efficiency for illiquid assets by eliminating middlemen and enabling fair price discovery.

The platform leverages an advanced liquidity routing algorithm to optimize trade execution, reduce slippage, and provide a secure trading environment for buyers and sellers.

“Our goal is to bring transparency to the secondary market for locked tokens,” said Kanny Lee, founder of SecondSwap. “By introducing a decentralized order book, we enable clear visibility into buy and sell orders, ensuring fair price discovery and increased security for both parties.”

Unlocking Liquidity for Locked Tokens

Secondary markets for locked tokens allow investors to trade tokens that are subject to vesting schedules or lock-up periods before they are fully released. These platforms provide early liquidity to token holders while offering buyers the opportunity to acquire assets at a discount.

To support price discovery and boost early-stage liquidity, SecondSwap has introduced a bid campaign, allowing traders to submit custom price targets. Once the buy/sell flow feature goes live, users will be notified when matching inventory becomes available, creating an efficient marketplace.
Solana Expansion Set to Unlock Billions

Following its Ethereum launch, SecondSwap plans to expand to Solana in the coming months, a move that Lee believes could unlock over $500 million in trading volume.

“The secondary market for locked tokens holds billions in untapped value,” Lee explained. “Even if only 10% of dormant liquidity on Solana becomes active, it would inject over $500 million into the market.”

Lee also highlighted how SecondSwap’s vesting mechanism could benefit memecoins, reducing their circulating supply and fostering long-term sustainability.

With its innovative approach to secondary markets, SecondSwap is positioning itself as a key player in unlocking liquidity for locked tokens while expanding its presence across blockchain ecosystems.