I am a long-time veteran who has been focusing on crypto alpha opportunities and project fundamentals. Recently, while studying the #BTCFi track, I noticed a very promising project: @EchoProtocol.
When many people mention #Echo, they may only think of it as a #BTC bridging protocol, but in fact, it does much more than that. #Echo is a 'productivity platform' centered around #BTC, transforming Bitcoin from 'store of value' to 'yield-generating active asset', achieving truly efficient on-chain utilization.
Its design is very cohesive, unifying and integrating the liquidity fragments of #BTCFi. Simply put, it is divided into three layers:
1️⃣ #BTC Liquidity Unified Layer: Bringing Bitcoin to #Aptos through cross-chain bridges, then converting it into usable on-chain assets #aBTC;
2️⃣ Yield Amplification Strategy Layer: Integrating with multiple #DeFi protocols to enhance #BTC yield;
3️⃣ #BTC LST Infrastructure Layer: It will also support a mechanism similar to staking #BTC for stable yields in the future.
This is not empty talk; it has collaborated with over 10 protocols on #Aptos (such as #Thala, #Aries, #Hyperion, etc.), while also laying out multi-chain strategies with #Solana, #Movement, #Morph, etc., clearly building a foundation for the #BTCFi multi-chain ecosystem.
More importantly, #Echo has completed its TGE and will launch on Binance Alpha and several other exchanges on July 2. This is the first true #BTCFi project on #Aptos to realize Narrative → Product → Token. Many public chains are discussing the #BTCFi concept, but there are projects that haven't even issued tokens yet. Echo has already completed the full loop, which is its competitive advantage.
From the data perspective, it looks strong. As of May 2025:
• Echo occupies about 70% of the BTC liquidity on the Aptos chain;
• TVL reaches 878 million USD;
• There are over 125,000 weekly active users;
• On-chain transaction volume exceeds 2 million;
• aBTC accounts for 65% of the Aptos BTC market share;
One of the reasons I am particularly optimistic about Echo is that #Aptos is now also 'taking off':
• Bitwise has submitted a spot ETF application for Aptos;
• Jump Crypto partners to develop a new generation of decentralized storage;
• It has also been chosen by the Wyoming state government as one of the core chains for the stablecoin pilot.
So as long as #Aptos starts to gain momentum, #Echo, as the largest on-chain #BTCFi protocol, will undoubtedly be one of the first projects to benefit. Now that #Echo is about to launch on Binance Alpha, I will personally pay close attention to its token performance, after all, this is not just a narrative project, but one of the few legitimate representatives of #BTCFi that has already established itself, backed by data, and can benefit from the explosion of mainstream public chains. 🧐