According to official news, Aptos ecological lending protocol Echelon Market announced the launch of Echelon Chain, a debt-driven Move application chain based on the initia Interwoven Stack. It will bring efficient Move DeFi to the interwoven modular economy and unlock cross-chain lending accounts with its current TVL of more than $100 million.
Echelon officials stated that Echelon Chain will be tailored for debt and ready to capture modular assets. It has established near-atomic cross-chain composability with Initia L1 and native liquidity centers for liquidation and a series of interactions with other application chains.