Coin Researches — Echelon Markets (ELONs) — 04 February 2026

TL;DR

• Idea: Echelon Market is a Move-based, multi-chain overcollateralized lending protocol deploying on Aptos, Movement, and Initia, featuring Aave-style Efficiency Mode to unlock higher LTVs and one-click leverage loops.
• Catalyst: ELON token launch and first CEX listings on February 2, 2026, plus strong partner reveals and growing TVL above $140 million.
• Risks: Highly early-stage, limited liquidity and high emissions schedule risk dilution; niche Move ecosystem concentration; oracle and smart-contract vulnerabilities.
• Score: 7.00/ 10

Coin

• Name/ Ticker: Echelon Market (ELON)
• Segment: DeFi Lending
• Status: active
• Price: $0.410708

Key Metrics

• Market Cap: $5 544 562
• FDV: $41 070 000
• Circulating Supply: 13 500 000
• Total Supply: 100 000 000

Sources

1. https://coinmarketcap.com/currencies/echelonmarket/
2. https://defillama.com/protocol/echelon-market

Technology

• USP: First capital-efficient, modular Move-native lending hub with isolated markets and Efficiency Mode for correlated assets.
• Core Technology: Built in Move VM across Aptos, Movement, and Initia; E-Mode inspired by Aave; Chainlink, Pyth, Switchboard oracles; LayerZero and Wormhole cross-chain integration.

Roadmap

• 2024-03-01: Echelon v1 audited and live on Aptos mainnet
• 2024-09-01: Expansion to Movement M2 and Initia deployments
• 2025-06-01: Release of v1.1 supporting RWA collateral and covered-call vaults
• 2026-01-22: ‘Road to TGE’ campaign kickoff on X with partner reveals
• 2026-01-23: First partner reveal events
• 2026-02-02: ELON Token Generation Event and CEX listings
• 2026-02-03: CEX withdrawals enabled

Team & Investors

Investors

• Amber Group — Seed • 2024-08-27
• Laser Digital — Seed • 2024-08-27
• Saison Capital — Seed • 2024-08-27
• Interop Ventures — Seed • 2024-08-27
• 280 Capital — Seed • 2024-08-27
• Cypher Capital — Seed • 2024-08-27
• Serafund — Seed • 2024-08-27
• Web3Port — Seed • 2024-08-27
• Re7 Capital — Seed • 2024-08-27
• Selini Capital — Seed • 2024-08-27
• DCF God — Seed • 2024-08-27
• Zaheer — Seed • 2024-08-27
• LayerZero — Seed • 2024-08-27
• Chris Yin — Seed • 2024-08-27
• Gate Ventures — Seed • 2024-08-27

Total funding: $3.50M

Tokenomics

• Utility: Governance, liquidity incentives, yield-enhancement via fixed-yield and leverage loops.
• Vesting: Emissions over a multi-year schedule per tokenomics guide.
• Next Unlock: 2026-02-12 (3.70% of circulating)

Pros & Cons

Strengths

• High capital efficiency with up to 90% E-Mode LTV on correlated assets
• Multi-chain deployment on Aptos, Movement, and Initia
• Strong integrations with Ethena Labs, Circle, Thala, and major cross-chain bridges
• Comprehensively audited by Quantstamp, OtterSec, Zellic, and Plainshift
• Backed by reputable investors including Amber Group and LayerZero

Weaknesses

• Small market cap and thin order books pose liquidity risk
• High initial volatility post-listing
• Unclear long-term emissions risk future dilution
• Concentration risk within the Move ecosystem only
• Reliance on third-party oracles for crucial price feeds

Market Signals (7d)

• TVL trend: decreasing
• CEX volume trend: increasing
• Active addresses trend: increasing

Price Scenarios (target: 2026-08-04)

• Bear: $0.200000 — Assumes 50% market correction and stable FDV.
• Base: $0.500000 — Projects linear token price growth aligned with 5% monthly TVL increase.
• Bull: $1.000000 — Models capture of 0.1% of Move ecosystem market cap growth.

How to Buy & Store

CEX

• Gate.io
• MEXC Global
• Binance Alpha
• KuCoin
• LBank

DEX

• PancakeSwap (Aptos)
• Uniswap (Aptos)
• SushiSwap (Aptos)
• Bybit Spot
• Hyperliquid

Storage

• Petra Wallet
• Pontem Wallet
• Martian Wallet
• Aptos Wallet
• Ledger via Aptos

Verdict

ELON presents a compelling Move-native lending infrastructure with strong partnerships and capital efficiency, but remains a high-risk spec play given its early stage, emission schedule, and niche concentration.