According to TechFlow, on November 29, according to official news, the lending protocol Echelon released the Move language application chain Echelon Chain in Initia based on its Interwoven Stack technology architecture, aiming to provide an efficient lending DeFi market with a modular economy.
Currently, Echelon has achieved $106 million in TVL and $132 million in total loan assets.
Interwoven Stack is Initia’s featured technology stack, emphasizing modular design and interoperability. Through Interwoven Stack, Echelon Chain will gain block extension linkage from LayerZero and IBC, Celestia’s underlying protocol support, native stablecoin support, integrated oracles, and comprehensive user tools.