EVAA – “The AAVE of the TON ecosystem”
EVAA Protocol is a native lending/borrowing protocol on TON, delivering a simple and intuitive DeFi experience right within Telegram. It’s a key piece in completing TON’s DeFi infrastructure.
Highlights:
Unique Telegram integration: Makes EVAA accessible to hundreds of millions of users, bridging the gap between Web2 and Web3.
Results after 2 years: 310,000 wallets and $118M TVL – impressive figures for a new DeFi protocol on TON.
EVAA Token: 50M total supply, with a burn mechanism, used for governance, incentives, and transaction fees.
Reputable investors: TON Ventures, Animoca Ventures, CMT Digital, Polymorphic Capital, plus many KOLs and large communities.
Development Team:
Background in blockchain and decentralized finance.
Previously involved in building products within the TON and Web3 ecosystems.
Team token lock: 9 months → relatively short.
Current Valuation:
EVAA: Market Cap: $27M, TVL: $118M
AAVE: Market Cap: $4.4B, TVL: $45B
AAVE’s TVL is significantly larger than EVAA’s, indicating that EVAA’s market cap is relatively high compared to its actual value.
=> EVAA is a noteworthy project in the TON ecosystem but remains too small to compare with giants like AAVE. The early token unlock for the team, investors, and KOLs may reduce long-term development commitment. It will need significant momentum and differentiation to achieve explosive growth, so careful consideration is advised for long-term holding
