Private asset secondary markets are heating up. According to Evercore's latest findings, secondary deal volume for private assets exploded by 41% to reach an all-time high of $226 billion last year. What's driving this surge? Investors are getting far more creative about how they access liquidity in this space. Rather than waiting for traditional exit windows or IPO timelines, market participants are now exploring diverse strategies—structured deals, fund-to-fund transfers, and dynamic pricing models—to unlock value from their private holdings. This shift signals growing maturity in the secondary market infrastructure, especially as institutional investors and crypto-native funds increasingly recognize the potential for portfolio rebalancing without liquidating core positions. The trend mirrors similar dynamics we're seeing across digital asset markets, where liquidity discovery mechanisms are becoming increasingly sophisticated.