SecondSwap launches Mainnet on Ethereum, Eyes Solana for Next Expansion in Liquidity Revolution

Hong Kong, 20 February 2025 — SecondSwap, the next-generation decentralized exchange (DEX) redefining token secondary markets, has launched its mainnet on Ethereum, marking a significant milestone in the evolution of token trading.

SecondSwap’s mainnet launch is a game-changer for the industry — revolutionizing OTC trading by providing a secure, transparent, and decentralized marketplace for locked tokens. The platform promotes a more efficient market for illiquid assets by eliminating intermediaries and establishing transparent and fair token value.

The SecondSwap team has built sophisticated on-chain infrastructure, including a unique liquidity routing algorithm, which optimizes trade execution and minimizes price slippage to ensure secure and scalable trading experiences for buyers and sellers.

“Today’s mainnet launch underscores our commitment to revolutionize the token economy,” said Kanny Lee, Founder of SecondSwap. “By introducing a decentralized order book-style exchange, we are bringing transparency to token secondary markets. Our platform provides visibility into buy and sell orders, leveraging price discovery mechanisms such as market depth and liquidity profiling. Through seamless wallet integration, we ensure proof of control for sellers and proof of funds for buyers, enhancing security and trust. This marks a significant step in unlocking liquidity for locked assets while maintaining existing vesting schedules, offering a truly innovative solution for token issuers and traders.”

To facilitate price discovery and enhance liquidity, SecondSwap has introduced a bid campaign — empowering traders to set their own price and support matching between buyers and sellers once the buy/sell flow feature is enabled. Traders link their wallets, accessing a list of locked tokens that they can express an interest in buying by setting their preferred price target. Participants will be notified when inventory is available at prevailing prices, ensuring early adopters can engage with new opportunities as they emerge. A discount curve has been added to accommodate varied vesting durations of the same token, helping sellers set more realistic asking prices relative to spot.

Lee added, “The SecondSwap bid campaign provides a new price discovery mechanism we are able to share with issuers. We see it as the first step in unlocking liquidity and the ensuing chain reaction of benefits to the market — sellers gain immediate liquidity, buyers capitalize on future potential gains, and Protocol Owners can earn additional fees without impacting token price volatility.”

With the mainnet now live, SecondSwap is positioned to drive greater adoption of decentralized exchanges by offering robust solutions that address real-world trading challenges. The platform’s launch aligns with its mission to integrate with the most widely adopted blockchain networks, and is already poised to launch on Solana next.

“Integrating with Solana presents a win-win for both ecosystems,” stated Lee. “Solana is the next network we are targeting for integration. By leveraging Solana’s high-speed, low-cost infrastructure, we aim to enhance liquidity efficiency and expand our user base.”

“Locked token liquidity represents billions of dollars of untapped value. The impact of unlocking this liquidity cannot be understated. On Solana alone, even activating just 10% of dormant liquidity, could inject over $500 million in actionable volume. It’s definitely one of the drivers for partnering with Solana at the outset. When coupled with the impact that SecondSwap’s vesting mechanism can offer memecoins — to reduce circulating supply — our Solana partnership will continue to flourish and benefit the wider market.”

In November, SecondSwap secured $1.2 million in seed funding demonstrating strong investor confidence in its mission to reshape token trading. The funding round was backed by a consortium of prominent venture capital firms and blockchain innovators, led by GSR and Animoca Ventures.