eBTC

eBTC is a token within the Echo protocol, a Bitcoin liquidity aggregation layer that aims to solve the fragmentation of Bitcoin across different formats such as native BTC, wrapped BTC, and Bitcoin liquid staking tokens. The protocol targets DeFi users who hold Bitcoin in various forms and want to deploy that capital across decentralized applications without navigating multiple incompatible standards. By accepting different BTC-denominated assets and issuing a unified representation, Echo tries to simplify access to Bitcoin-denominated yield.

Users deposit supported BTC assets — including wrapped BTC tokens like wBTC and fBTC, liquid staking tokens like PumpBTC and LBTC, or native BTC — and receive Echo's unified BTC token in return, which can then interact with DeFi applications. The protocol integrates with Bitcoin Layer 2 networks including Babylon, BSquared, and Bitlayer, and uses Proof-of-Reserve to verify that accepted collateral is accounted for transparently. eBTC exists within the Starknet and Monad ecosystems, though no consensus algorithm or block time is recorded for the asset itself, as it is a token rather than a base-layer blockchain.

The data provided does not include a fee stream, revenue figures, or any record of fees collected, distributed, or retained by the protocol, so no fee-based economic measures are available on this page. The circulating supply stands at 554.4866296852 EBTC as a point-in-time figure, representing 100 percent of supply issued, meaning no additional tokens are pending release. The fully diluted valuation to market cap ratio is recorded at 1.000105 on a point-in-time basis, indicating that virtually all supply is already in circulation and the dilution overhang is 0.010469 percent at the same point in time.