The secondary token market SecondSwap has launched its mainnet on Ethereum and plans to expand to Solana.

Odaily Planet Daily reported that the secondary token market SecondSwap launched its mainnet on Ethereum on Thursday. The project aims to provide a more efficient market for illiquid assets by eliminating intermediaries and establishing a fair token value in the public market. SecondSwap uses a liquidity routing algorithm to optimize trade execution and minimize price slippage, ensuring a secure and scalable trading experience for buyers and sellers. Kanny Lee, the founder of SecondSwap, stated in an email, "By introducing a decentralized order book exchange, we bring transparency to the secondary token market." The platform plans to expand to the Solana network in the coming months, with Lee indicating that this move could generate over 500 million dollars in trading volume. (CoinDesk) In December of last year, SecondSwap announced the completion of a 1.20 million dollar seed round financing, with participation from GSR, Animoca Ventures, E4 Capital, Yellow Capital, BCW Group, HGEN DAO, ARC Community, Nonco, and Libra Capital. The funds will primarily be used to expand SecondSwap's market functionalities.