TL;DR
- Idea: Telegram-native decentralized lending protocol on TON offering seamless DeFi via Telegram Mini App, featuring integrated leveraged liquid staking
- Catalyst: Token Generation Event on October 3, 2025 with listings on Binance Alpha, Gate.io, MEXC, and increased ecosystem adoption
- Risks: Exposure to smart contract vulnerabilities, oracle risks, high token volatility, potential liquidity constraints, and migration risk due to Telegram dependency
- Score: 8.00/ 10
Coin
- Name/ Ticker: EVAA Protocol (EVAA)
- Segment: DeFi
- Status: active
- Price: $7.000000
Key Metrics
- Market Cap: $46 571 479
- FDV: $351 856 122
- Circulating Supply: 6 617 972
- Total Supply: 50 000 000
Sources
Technology
- USP: First Telegram-native DeFi lending protocol on TON integrating leveraged liquid staking and overcollateralized loans via Telegram Mini App
- Core Technology: Smart contracts in FunC on TON blockchain, Telegram Mini App integration, Pyth Network oracles, and support for leveraged liquid staking
Roadmap
- 2023-09-01: Hackathon MVP launch at Hack-a-TONx DoraHacks
- 2024-01-15: Mainnet launch on TON blockchain
- 2024-06-30: Pyth Oracle integration
- 2025-01-19: Private funding round closed
- 2025-10-03: Token Generation Event and initial listings
Team & Investors
Team
- CEO — Vlad: 3 years in decentralized finance; 4 years in traditional finance risk management
- CTO — Vladislav: 7 years in software development; 4 years in DeFi application development
- CGO — Alexander: 5 years as founder; former game developer
- CMO — Alexander: 7 years in crypto marketing; co-founded Telegram mini-app accelerator
Investors
- TON Ventures — seed • 2025-01-19
- Polymorphic Capital — seed • 2025-01-19
- Animoca Ventures — seed • 2025-01-19
- CMT Digital — seed • 2025-01-19
- Mythos Ventures — seed • 2025-01-19
- WAGMI Ventures — seed • 2025-01-19
Total funding: $2.50M
Tokenomics
- Utility: Governance, fee reduction, boosted APYs, treasury management, and incentivization of liquidity providers
- Vesting: 1.71% unlocked at TGE, with 0.79% of total supply unlocking monthly thereafter
- Next Unlock: 2025-11-03 (0.79% of circulating)
Pros & Cons
Strengths
- Seamless Telegram integration via Mini App
- First DeFi lending protocol on TON
- Leveraged liquid staking feature
- Audited by Quantstamp and Trail of Bits
- Backed by reputable investors (Animoca Ventures, TON Ventures, Polymorphic Capital, CMT Digital, WAGMI Ventures)
- Low gas fees on TON network
- High initial liquidity with TVL ~28.59M
Weaknesses
- Smart contract vulnerabilities potential
- Reliance on Telegram platform
- Oracle manipulation risk
- Relatively small TVL compared to major chains
- Token price volatility
- High liquidation risk during downturns
- Regulatory uncertainties for token sales
Market Signals (7d)
- TVL trend: +1.36%
Price Scenarios (target: 2026-04-04)
- Bear: $3.500000 — Assumes 50% decline from current price due to market downturn
- Base: $7.000000 — Assumes price remains unchanged at current level
- Bull: $14.000000 — Assumes price doubles based on increased adoption and TVL growth
How to Buy & Store
CEX
- Binance Alpha
- Gate.io
- MEXC
- BitMart
- OKX
DEX
- PancakeSwap V3 (BSC)
- Symbiosis DEX
- DeDust
- Storm Trade
- TONSwap
Storage
- Tonkeeper
- Tonhub
- Telegram Wallet
- MetaMask
- Ledger
Verdict
EVAA Protocol offers a unique and user-friendly approach to DeFi on TON via Telegram, backed by strong tech and investors, but faces risks from volatility and platform reliance.
Official Links
Source: Coin Research (internal)
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