BlockBeats News, July 2nd, Echo Protocol officially launched its TGE today. Its token $ECHO has been first listed on Binance Alpha and will start 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 liquidity staking and yield protocol within the Aptos ecosystem, currently ranking as the largest protocol within Aptos with a TVL of $8.78 billion.
Through the launch of aBTC by Echo, users can tokenize their Bitcoin assets, driving liquidity and collateral mobility between Aptos' native DeFi protocols. As of now, the total supply of aBTC has exceeded $285 million, and Echo holds 65% of Bitcoin cross-chain assets on Aptos, playing a crucial role in building the Aptos BTCfi ecosystem.
Echo's TGE is a significant milestone in the development of Aptos' BTCfi, marking the broader application of Bitcoin assets on Aptos and injecting new growth momentum into the entire ecosystem.
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