ECHO briefly broke through 0.0827 USD to reach a new all-time high, with an FDV/TVL ratio lower than similar projects.

robot
Abstract generation in progress

According to Deep Tides TechFlow news on July 9, market data shows that the BTCFi protocol Echo Protocol reached an all-time high (ATH) of $0.082771 in the past 24 hours, with a single-day volume of up to $22.47 million and a rise of 138%.

In addition, the current fully diluted valuation (FDV) of Echo is approximately $50 million, resulting in an FDV/TVL ratio of only 0.083, lower than other BTCFi projects on the market.

According to reports, the Echo Protocol is a BTCFi infrastructure platform deployed on the Aptos chain, with its core product aBTC aggregating nearly 70% of the on-chain BTC liquidity. Currently, the total value locked (TVL) of the protocol has surpassed 600 million dollars ($600M), solidifying its position as the top protocol in the Aptos ecosystem.

The economic model design of Echo emphasizes the revenue linkage between the protocol and the tokens. $ECHO holders can participate in governance through locking and share in the actual income generated by the protocol, including cross-chain transaction fees, lending interest, and profit sharing from yield strategies. This mechanism provides $ECHO with a clearer value support compared to similar projects.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)