SecondSwap Launches Mainnet on Ethereum, Plans Expansion to Solana
SecondSwap launched its mainnet on Ethereum to enhance trading for illiquid assets by eliminating intermediaries and establishing fair token values. Key features include:
- Liquidity routing algorithm for optimized trade execution
- Decentralized order book-style exchange for transparency in secondary markets
- Visibility into buy/sell orders with market depth and liquidity profiling
- Seamless wallet integration for enhanced security and trust
Secondary markets allow holders of locked tokens to gain liquidity before full release, enabling cash conversion for sellers and discounted acquisitions for buyers. SecondSwap has initiated a bid campaign for price discovery and liquidity enhancement, allowing traders to set preferred prices and receive notifications when inventory becomes available.
The platform plans to expand to the Solana network, potentially unlocking over $500 million in volume. Kanny Lee, founder of SecondSwap, noted that activating just 10% of dormant liquidity on Solana could inject significant value into the market.