
Rocky|Jul 01, 2025 05:06
I am a seasoned enthusiast who has long been interested in cryptocurrency alpha opportunities and project fundamentals. Recently, while researching the BTCFi track, I noticed a very promising project: @ EchoProtocol_.
Many people may think Echo is just a bridge protocol for BTC when they mention it, but in fact, it goes far beyond that. Echo is a "productivity platform" centered around BTC, transforming Bitcoin from a "store of value" to a "profitable living asset" and achieving true on chain efficient utilization.
Its design is very holistic, integrating the liquidity fragments of BTCFi uniformly. Simply put, it is divided into three layers:
one ️⃣ BTC liquidity unification layer: bringing Bitcoin to Aptos through cross chain bridges, and then turning it into a usable on chain asset aBTC;
two ️⃣ Revenue amplification strategy layer: integrating multiple DeFi protocols to increase BTC's yield;
three ️⃣ BTC LST infrastructure layer: In the future, it will also support LST mechanisms similar to staking BTC to obtain stable returns.
This is not just empty talk. It has already collaborated on more than 10 protocols on Aptos (such as Thala, Aries, Hyperion, etc.), and is also laying the foundation for the BTCFi multi chain ecosystem by expanding into multiple chains such as Solana, Movement, and Morph.
More importantly, Echo has completed TGE and will launch on various exchanges such as Binance Alpha on July 2nd. This is Aptos' first BTCFi project that truly implements Narrative → Product → Token. At present, many public chains are discussing the concept of BTCFi, but even the project has not been released yet. Echo has already completed the complete loop, which is its leading advantage.
From a data perspective, it is also very strong. As of May 2025:
Echo accounts for approximately 70% of BTC liquidity on the Aptos chain;
TVL reached 878 million US dollars;
Having over 125000 weekly active users;
On chain transaction volume exceeds 2 million transactions;
ABTC accounts for 65% of the Aptos BTC market share.
One of the reasons why I am particularly optimistic about Echo is that Aptos is also "taking off" now:
Bitwise has submitted Aptos' spot ETF application;
Jump Crypto collaborates to develop a new generation of decentralized storage;
• Also selected by the Wyoming government as one of the core chains for stablecoin pilot.
So as long as Aptos launches the market, Echo, as the largest BTCFi protocol on the chain, will inevitably be the first project to benefit. Now Echo is about to launch Binance Alpha, and I will personally focus on its token performance. After all, this is not just a narrative project, but one of the few legitimate representatives of BTCFi who has already established a foothold, is supported by data, and can still benefit from the outbreak of mainstream public chains. 🧐
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