Echo officially launches TGE, driving Aptos BTCfi ecosystem leap forward

Odaily Planet Daily News: Echo Protocol officially launched TGE today, and its token ECHO has been first launched 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 revenue protocol in the Aptos ecosystem, currently ranking as the largest protocol in Aptos with a TVL scale of $878 million. Through Echo's aBTC, users are able to monetize 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, 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 process of Aptos BTCfi, marking the wider application of Bitcoin assets on Aptos and injecting new growth momentum into the entire ecosystem.