No. 1 DeFi Protocol on Aptos, Echo, Launches Token Generation Event

[PRESS RELEASE – Singapore, Singapore, July 2nd, 2025]

A participant in Aptos Foundation’s LFM program, Echo’s TGE further cements its role in Bitcoin DeFi on Aptos

Echo Protocol, the first Bitcoin liquid restaking and yield layer on MoveVM and the largest protocol on Aptos by total value locked (TVL), has launched its Token Generation Event (TGE).

Echo’s TGE follows a period of record-breaking growth and community engagement, underpinned by participation in Aptos Foundation’s LFM program—a premier initiative that provides hands-on guidance to Aptos-native projects preparing for major product and token launches.

Driving the BTCfi Momentum on Aptos

With over $285 million in aBTC minted and Echo securing 65% of all bridged BTC assets on Aptos, the protocol has emerged as a key player in the growth of BTCfi (Bitcoin DeFi) on Aptos. Echo enables users to unlock yield opportunities on their Bitcoin holdings via aBTC—a cross-chain liquid Bitcoin token, backed 1:1 by BTC—while powering liquidity and collateral mobility across Aptos-native DeFi protocols.

Echo recently surpassed an all-time high of $878 million in TVL, fueled by incentive campaigns, integrations with leading DeFi projects in the Aptos ecosystem and high user engagement. To date, the protocol is responsible for more than 1 million user transactions and 60,000 daily active users.

“The launch of the ECHO token marks a major milestone in our mission to bring BTCfi to life. With this TGE, we are unlocking a new phase of growth for our ecosystem and creating real opportunities for users, builders and the broader Aptos community,” said Jonathan Phay, Co-Founder of Echo Protocol.

Accelerating Growth with Aptos LFM Program

Echo’s rapid evolution has been supported through participation in Aptos Foundation’s LFM program, which offers strategic mentorship, marketing resources and ecosystem-wide support for Aptos-native projects preparing for TGEs and beyond.

“Echo Protocol has been instrumental in making BTC a productive, on-chain asset within the Aptos ecosystem,” said Ash Pampati, Head of Ecosystem at Aptos Foundation. “This a major milestone—not just for Echo, but for BTCfi adoption on Aptos as a whole. Supporting Echo through its participation in LFM has been a key part of our mission to help Aptos-native projects scale and succeed.”

Building the Future of Bitcoin Utility on Aptos

Echo’s TGE represents the next step in advancing Bitcoin utility on Aptos. Starting today, ECHO tokens will be available to users via Binance Alpha, Gate and Kucoin. Following its TGE, Echo plans to continue driving BTC liquidity and composability across the ecosystem, with new products and integrations aimed at expanding BTCfi use cases.

About Echo Protocol

Echo Protocol is a Bitcoin liquidity aggregation and yield infrastructure layer on MoveVM designed to make Bitcoin productive for holders, ecosystems, and DeFi protocols. By unifying fragmented BTC liquidity, enabling seamless DeFi integration, and amplifying yield opportunities, Echo provides the foundational infrastructure for unlocking BTC utility across chains. Echo Protocol is backed by leading investors such as Aptos, Maelstrom, and Selini, and is rapidly becoming the go-to layer for BTC capital efficiency in the modular DeFi stack.