Echo Officially Launches TGE to Advance the Aptos BTCfi Ecosystem

Echo Protocol officially launches its TGE today, with its token ECHO already listed on Binance Alpha and scheduled to begin trading on Gate, KuCoin, and MEXC on the same day. As a member of the Aptos Foundation's LFM program, Echo is the first Bitcoin liquid staking and yield protocol within the Aptos ecosystem, currently holding the top position as the largest protocol on Aptos with a TVL of $878.00 million. Through aBTC launched by Echo, users can monetize their Bitcoin assets while promoting the free flow of liquidity and collateral among native Aptos DeFi protocols. To date, the total supply of aBTC has exceeded $285.00 million, and Echo also accounts for 65% of Bitcoin cross-chain assets on the Aptos chain, playing a key role in building Aptos' BTCfi ecosystem. Echo's TGE is an important milestone in the development of Aptos BTCfi, marking the entry of Bitcoin assets into wider applications on Aptos and injecting new growth momentum into the entire ecosystem. [Odaily星球日报]