According to @secondswap_io, locked tokens will be a breakout theme in 2026, with billions currently locked across L1s, RWAs, gaming, and infrastructure forming a large pool of liquidity for market participants to target; source: @secondswap_io (Jan 12, 2026). According to @secondswap_io, this liquidity has largely moved through backroom OTC deals that are slow, opaque, and relationship-dependent, limiting accessibility for broader traders; source: @secondswap_io (Jan 12, 2026). According to @secondswap_io, that era is ending, signaling the shift toward more transparent and faster venues for trading locked token exposure, which would change how liquidity is sourced and priced in 2026; source: @secondswap_io (Jan 12, 2026).