TechFlow, July 9 — Market data shows that BTCFi protocol Echo Protocol reached a new all-time high (ATH) of $0.082771 within the past 24 hours, with a daily trading volume reaching $22.47 million, marking a surge of 138%.
Additionally, Echo's current fully diluted valuation (FDV) stands at approximately $50 million, resulting in an FDV/TVL ratio of just 0.083, lower than other BTCFi projects in the market.
Echo Protocol is a BTCFi infrastructure platform deployed on the Aptos chain. Its core product, aBTC, aggregates nearly 70% of BTC liquidity across chains. The protocol's total value locked (TVL) has now surpassed $600 million, firmly establishing it as the largest protocol in the Aptos ecosystem.
Echo's economic model emphasizes the revenue linkage between the protocol and its token. $ECHO holders can lock their tokens to participate in governance and share in the protocol's real income, including cross-chain transaction fees, lending interest, and profits from yield strategies. This mechanism provides $ECHO with clearer value support compared to similar projects.
