eBTC (EBTC)
eBTC is the unified Bitcoin liquidity asset associated with Echo, an infrastructure layer focused on making BTC easier to use across decentralised finance. Echo addresses a growing problem in the Bitcoin DeFi market: liquidity is spread across native BTC, wrapped BTC, Bitcoin liquid staking tokens and assets issued on different Bitcoin Layer 2 networks. This fragmentation can make it harder for users and applications to access deep, consistent liquidity.
Through Echo, users can deposit supported forms of BTC exposure and receive a unified BTC asset that is designed to interact more easily with DeFi applications. The system supports a range of BTC formats, including wrapped assets such as wBTC and fBTC, liquid staking tokens such as PumpBTC and LBTC, and integrations with Bitcoin Layer 2 ecosystems including Babylon, BSquared and Bitlayer.
Rather than operating as a conventional Bitcoin staking protocol, Echo functions as a liquidity aggregation and yield infrastructure layer. Its objective is to simplify the movement of BTC value into onchain markets while helping users access yield opportunities that would otherwise be split across separate standards and networks.
eBTC’s importance lies in its attempt to give Bitcoin holders a more composable asset for DeFi. Bitcoin remains the largest and most widely recognised crypto asset, but its native design is not optimised for smart-contract applications. Echo’s model seeks to preserve BTC exposure while improving usability, supported by Proof-of-Reserve processes intended to provide transparency around the assets accepted into the aggregation layer.
Last updated
- Market Cap
- $34.8M
- Fully Diluted Valuation
- $34.8M
- 24 Hour Trading Vol
- $13.2k
- Circulating Supply
- 554.545
- Total Supply
- 554.545
- Max Supply
- —
Echo Protocol’s $76.7M Unauthorized Mint Raises Bridge Security Questions
Bitcoin DeFi Platform Echo Protocol Hit By $76M Monad Exploit
Echo Protocol loses $77 million in eBTC hack
Echo Protocol Suffers $76M eBTC Minting Attack
Echo Protocol Suffers $816K Loss After Admin Key Compromise on Monad Network
FINANCE FEEDS: Echo Protocol Exploit on Monad Leads to $76 Million eBTC Minting Incident
COINDESK: Echo Protocol suffers $76 million exploit in eBTC minting attack on Monad
Echo Protocol: Monad Deployment Admin Key Compromised, Around $816,000 in Assets Affected
Echo: The attack stemmed from a leak of the administrator's key. Control has been regained and the remaining 955 eBTC belonging to the hacker have been destroyed.
Echo Protocol pauses bridge after attacker mints $76M eBTC
Monad Foundation: Monad Network Unaffected by Echo Security Incident and Operating Normally
Monad Co-founder: The Monad network was unaffected by the Echo security incident and is operating normally.
Echo Protocol's eBTC exploited for $77M in admin key compromise
THE BLOCK: BTCFi protocol Echo exploited, targeting eBTC market on Monad: onchain analysts
Echo Protocol confirms being under attack, suspends all cross-chain transactions
Echo: We are investigating a security incident affecting the Echo cross-chain bridge on the Monad chain, during which all cross-chain transactions have been suspended.
- Market Cap
- $34,844,120
- Fully Diluted Valuation
- $34,844,120
- 24 Hour Trading Vol
- $13,171
- 24h High
- $65,920.00
- 24h Low
- $61,486.00
- 24h Change
- -4.22%
- 7d Change
- -13.89%
- 30d Change
- -22.70%
- 1y Change
- 0.00%
- Market Cap Rank
- #580
- Market Cap Rank (rehypothecated)
- #745
- Circulating Supply
- 555
- Total Supply
- 555
- Max Supply
- —
- All-time high
- $82,484.00 (-23.60%) · 06 May 2026, 13:35
- All-time low
- $61,486.00 (+2.50%) · 04 Jun 2026, 04:15
- Website www.echo-protocol.xyz
- X / Twitter twitter.com/EchoProtocol_
- GitHub github.com/echo-proto