@EchoProtocol_ is the first project in the @Aptos ecosystem to land on the "Binance Alpha" sector.
In the Aptos ecosystem, it is a leading project in the BTCFi track, monopolizing nearly 70% of the BTC liquidity on the Aptos chain. Recently, APT and its projects in the ecosystem are often the feeling of being hidden in the abyss and accumulating steadily.
Echo Protocol's landing on Binance Alpha may also be an attempt to pay attention to the ecosystem, compared with other Alpha projects that fell on the line, it has risen twice last Sunday and today, the first time from 0.022 to 0.053, and after a few days of shock, it has risen from 0.034 to 0.08277 today, which is more than double the space, and is now back around 0.06.
Comparison of similar projects:
From the data point of view, Echo monopolizes nearly 70% of the BTC liquidity on the Aptos chain 600M, but the current TVL exceeds FDV by only about 60M, and the FDV/TVL ratio is only about 0.1.
Compared with similar BTCFi products such as BounceBit, the current TVL is close to about 300m, FDV150m, and the ratio is 0.51. Bedrock's current TVL is close to around 500m, FDV150m, and the FDV/TVL ratio is 0.3. The FDV/TVL ratio is much higher than that of the Echo.
You can pay attention to this coin and wait for the price to step back, which has been rising at present, and there is no chance to enter the market
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