Echelon unveils Move-based appchain for modular DeFi ecosystem

Decentralized lending protocol Echelon announced on X the launch of Echelon Chain, a debt-focused appchain built using the Move programming language. Developed on Initia's Interwoven Stack with Celestia as its foundation, the Echelon Chain aims to serve as the debt engine for a modular and interconnected DeFi economy.