Echo officially launches TGE to promote the Aptos BTCfi ecosystem

Odaily News Echo Protocol officially launched TGE today. Its token ECHO has been launched on Binance Alpha and will be available for trading on Gate, KuCoin and MEXC on the same day. As a member of the Aptos Foundation LFM program, Echo is the first Bitcoin liquid staking and yield agreement in the Aptos ecosystem. It currently ranks first among Aptos protocols with a TVL of $878 million.
Through the aBTC launched by Echo, users can monetize their Bitcoin assets while promoting liquidity and free circulation of collateral between Aptos native DeFi protocols. As of now, the total amount of aBTC has exceeded 285 million US dollars, and Echo also accounts for 65% of the Bitcoin cross-chain assets on the Aptos chain, playing a key role in building the BTCfi ecosystem of Aptos. Echo's TGE is an important milestone in the development of Aptos BTCfi, marking the entry of Bitcoin assets into a wider range of applications on Aptos, injecting new growth momentum into the entire ecosystem.