Liquidity is the primary productive force.

Looking back at the protocol development of @EchelonMarket $ELON since TGE, its most impressive performance lies not in data growth, but in its demonstrated ability to capture and integrate top-tier assets.

Data speaks:

1/ sUSDe supply exceeds $36 million

Accounting for 93% of the sUSDe circulation on Aptos

Echelon has indeed become Ethena's exclusive bridge on Aptos

2/ USDC deposits exceed $55 million

As the largest USDC liquidity market on Aptos

Still able to offer an 8.2% APR in the current market environment

3/ Surprising collaboration brought by USD1

The day after TGE, World Liberty Financial announced a partnership with Echelon

USD1's supply on Echelon reached $25 million

Accounting for 75% of the total supply of USD1 on Aptos—leading significantly

There is an extremely core question here:

Why do giants like Ethena and WLFI only recognize Echelon?

The core lies in the infrastructure value brought by liquidity hegemony.

When a protocol locks down the most critical funding base of the public chain, it transforms from an App into an underlying Protocol. Any arbitrage, leverage, or advanced DeFi strategy cannot bypass Echelon as the main liquidity route.

From an investment odds perspective, such infrastructure-level moats are very rare.

High capital barriers + extremely difficult to shake network effects + absolute pricing power.

The current market's misunderstanding lies in many people still seeing it as a lending leader on Aptos, but its actual positioning has long been the foundation of the entire Move ecology of DeFi Lego.

The liquidity black hole has formed, making the long-term value capture capability of Echelon promising.

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