Liquidity originates from participants willing to post resting buy and sell orders, creating depth in the order book. In mature markets, this includes a mix of natural buyers and sellers, arbitrageurs, and professional market makers managing inventory risk. However, newly launched tokens typically lack sufficient two-sided organic flow, making passive liquidity provision economically unattractive for unaffiliated traders. As a result, most blockchain projects engage professional market makers who commit capital, manage inventory exposure, and quote continuous two-sided markets to ensure orderly price discovery at launch and beyond.