With the sudden rise of the SUI public chain, APT, which is also a fellow disciple of Move, is not to be outdone. Recently, various data indicators of @Aptos have increased significantly, with huge potential, and ecological projects are worthy of attention.

I found that the TVL of a project in the APT ecosystem has grown very rapidly, increasing by 29,000 times in the past month, 9,360 times in a week, and growing at a rate of 40% every day, which really surprised me. Let's take a look at what Echo Protocol (@EchoProtocol_) does and why it is so attractive!

Echo Protocol is the first Bitcoin liquidity re-staking protocol and yield infrastructure layer on MoveVM. Echo is the first to introduce BTC liquidity staking, re-staking and yield infrastructure to the Move ecosystem, introducing a new class of liquidity assets to the Move ecosystem. The project is directly supported by Aptos, and participating in staking will receive $APT tokens with an APR of 10%, which will be distributed monthly!

Core Architecture

Aptos MoveVM, as the Bitcoin smart contract layer, realizes dual bridging of BTC assets. Users can receive aBTC on Aptos through BTC, APT or USDC. aBTC and BTC can be exchanged 1:1, and Aptos is used for verification and protection.
Echo Bridge integrates with many Bitcoin L2 partners (B^2, Merlin, Bitlayer and Babylon) to create LRT assets on the Layer-2 VM for liquidity integration
aBTC can achieve mobile re-staking through the rich APT DEFI ecosystem (you can borrow APT by staking aBTC and participate in the economic cycle)

Why is it so popular? One fish, four ways to eat:

1️⃣Bridge uBTC assets from B^2 to Echo to earn Echo and B^2 points

2️⃣ Deposit aBTC on Echo Lend to earn up to 10% in $APT (distributed monthly in $APT tokens)

3️⃣Stake $APT on Echo LSD to get 7% eAPT staking rewards and extra Echo points

4️⃣Use eAPT to participate in the APT ecosystem’s DEFI system to earn revenue

One protocol realizes: BTC L2 rewards + Echo rewards + APT income + Liquid Staking income + DeFi. With the official support of Aptos, security is effectively guaranteed, which becomes the key to the rapid growth of Echo Protocol data!

The project has received support from well-known investment institutions: Spartan Group, ABCDE Capital, Arther Hayes X Maelstrom, Selini Capital, Web3Port, Aptos, Movement Labs, Presto Labs, BSquared, and Sats Ventures, Auros Ventures. The specific financing scale has not yet been disclosed!

Finally, the project provides whitelist quotas, and early participants have more benefits: https://echo-protocol.xyz/event-neko?inviteCode=YJFMA…

Summary: As the first BTC ecosystem project officially supported by @Aptos, Echo Protocol's recent performance is amazing, with rapid data growth. The project is also integrating with Movement. As a project that has not yet issued a coin, the "one fish, four meals" plan, as well as rich point rewards and $APT token rewards with a 10% yield, has become a hot commodity in the market and deserves special attention!