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