EVAA Protocol (TON: $EVAA) is a decentralized lending protocol powered by the TON blockchain. It allows secure and efficient borrowing and lending of crypto assets. You can participate as a lender to earn interest or a borrower to access loans collateralized using your crypto holdings.
It is currently the leading DeFi superlayer of Telegram due to the simplicity it brings to earning yields, making payments, and taking loans. The protocol offers a great experience for those using innovative financial services.
How EVAA Protocol Works
At the heart of EVAA is the use of smart contracts on the blockchain. These smart contracts enforce the terms of each loan. Additionally, it utilizes robust risk assessment protocols and comes with strict collateral requirements to secure the interests of borrowers and lenders. The developer team is constantly working on increasing security by collaborating with professional smart contract auditors.
EVAA supports a wide range of crypto coins for borrowing and lending. The options include TON, popular liquid tokens, stablecoins, LP tokens, and TON derivatives with liquid staking. Specific assets supported on the platform vary based on demand and governance decisions.
The interest rates on the platform are set by demand and supply dynamics. The rates fluctuate in real time based on the liquidity of a given asset and the demand for loans. This system ensures that the interest rate model is market-driven.
If the collateral experiences a shortfall or the loan amounts skyrocket, that could impact your Health Factor. When it drops to 0%, the loan becomes due for liquidation. If an account faces this risk, the Third-Party Liquidators may repay up to 50% of the loan by selling the collateral. By doing so, the liquidators earn an extra 10% of the liquidated amount as a bounty for securing the protocol.
Other Unique Features
EVAA Protocol has several unique features that are worth mentioning. These include:
Telegram Mini App
EVAA offers users a Telegram mini app that provides access to a seamless, customized interface inside Telegram. The integration ensures convenience and a native feel inside Telegram.
TON Space Integrated
The EVAA Protocol supports TON Space, which is a non-custodial wallet built into Telegram. The wallet allows users to manage their assets directly inside Telegram. There is no need to switch apps when using EVAA, ensuring streamlined blockchain lending.
Card Payments
The project features EVAA Card, which bridges the gap between yield and payments. You can use it to pay and earn at the same time. With the EVAA Card, you earn yield on your balance while spending, giving you access to liquidity for daily use, without having to sell your crypto. You can spend against your deposit and pay directly from EVAA, skipping the need to use a fiat off-ramp.
EVAA NFTs
The EVAA Friend NFT features great utility. For one, it gives you private chat access with the EVAA core team. Additionally, holders get launchpad priority access. There is also the Mainnet NFT, which gives users a x1.1 multiplier for EVAA XP, and a retrodrop of $EVAA after the TGE if you participated in liquidity providing in the beta mainnet. Finally, there is the EVAA Boost NFT Card that lets holders receive a x1.1 multiplier for EVAA XP.
EVAA Protocol ($EVAA) Market Performance
EVAA Protocol ($EVAA) dipped 27.94% in the past 24 hours as of October 23, 2025. However, it is still up 42.68% over the past week, outperforming the broader crypto market, which is up 1% in the same period. This bullish performance has been driven by exchange listings, bullish tokenomics, and protocol adoption.
Some notable recent events include the DAO Governance Launch, giving the community voting rights on October 16, 2025. It also features a Token Scarcity Mechanism where only 1.71% of the supply was unlocked at the TGE, coupled with buybacks. Another notable feature is its massive potential user base of over 900 million on Telegram via its Mini App.
Social Media Following
EVAA Protocol has a massive social media presence. On Telegram, it has 462,135 subscribers, 101.5K followers on X, and the EVAA Protocol App on Telegram already has 24,676 monthly users.
Is EVAA Protocol ($EVAA) A Buy
With a combined total social media community of over half a million, EVAA Protocol has become the number one lending protocol on TON. Additionally, its multi-chain launch means that its community will only go bigger over time as more people learn of its powerful DeFi products. Based on its recent performance and massive user base, adding $EVAA to your portfolio could potentially pay off in the long run.
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