The Secret Circle is off to a better start than The Vampire Diaries, for what it's worth, and the plotting is rather promising. However, it is still in the starting blocks, developing the characters, who are all fairly boring at this point, and trying to put Cassie and Adam together whenever possible.
"Bound" is a pretty boring episodes from a plot perspective since the whole episode is designed so Cassie will be bound in the circle at the end of the episode. There's nothing unexpected about what happens, nor are there any moments that stand out. We get to see more of Dawn and what she's up to, but we don't learn much other than that the magic is contained in a crystal and she's a really bad person who cares about her daughter.