Imagine scrolling through Telegram, skipping past memes and buzzing group chats, when suddenly a notification pops up: “Your crypto loan has been approved—no banks, no middlemen.” This is not a far-off Web3 dream anymore. It is the reality EVAA is delivering today. On October 3, 2025, EVAA Protocol officially launched its $EVAA token while pivoting to a fully DAO-first model, rewriting how decentralized finance works inside Telegram.
Unlike yet another DeFi app, EVAA is built on The Open Network (TON)—the blockchain powering Telegram’s crypto integration. This means more than one billion Telegram users can access crypto lending and borrowing directly in-app, without juggling clunky wallets or worrying about gas fees.
With more than $1.4 billion in processed lending volume and over 300,000 wallets onboarded, EVAA is not just promising. It is proving that DeFi can be simple, seamless, and social. BeInCrypto confirms that EVAA has already become the undisputed lending leader on TON.
Cracking the Code: Why TON + Telegram = DeFi’s Secret Weapon
To understand EVAA’s impact, you need to know TON’s backstory. The Open Network (TON) was originally designed in 2018 by Telegram co-founder Nikolai Durov to power a decentralized internet. Although Telegram paused development after SEC pressure in 2020, TON has since made a major comeback.
Now, TON integrates directly into Telegram wallets and supports thousands of transactions per second thanks to its sharded architecture (Flagship.fyi). With 900+ million Telegram users, TON represents one of the largest untapped markets for DeFi adoption.
Here enters EVAA. Often compared to Aave—but Telegram-native—EVAA lets users supply USDT or TON tokens to earn yield, or borrow against collateral using overcollateralized loans. Think: deposit $150 worth of TON to borrow $100 in liquidity. No KYC, no paperwork—just smart contracts and a simple Telegram Mini App experience.
As EVAA’s co-founder Alexander Sudeykin said in a CryptoSlate interview: “We’re bridging Telegram’s social layer with TON’s speed to make DeFi as easy as sharing a cat video.”
This isn’t just marketing. EVAA’s smart contracts have already undergone two independent security audits by Quantstamp and Trail of Bits, reinforcing its security guarantees (BeInCrypto).
From Beta Buzz to Billion-Dollar Beast
Let’s look at the numbers. In less than a year, EVAA has processed over $1.4 billion in lending and borrowing volume, with deposits peaking at $118 million TVL and more than 300,000 unique wallets connected (GlobeNewswire).
This growth is fueled by accessibility. Telegram users don’t need to wrestle with seed phrases or external wallets—just tap a bot and start.
EVAA even offers leveraged staking: borrow against staked TON (stTON) to unlock liquidity without selling. Borrowers benefit from dynamic, supply-demand-based rates, while lenders earn passive income. As one user posted on X, “EVAA’s turning my idle TON into a money printer—all from my phone.”
Backing from Animoca Ventures, TON Ventures, and Polymorphic Capital provides EVAA with significant financial firepower (Crypto-Reporter). The TON Foundation also incentivizes liquidity providers through rewards like a $100K TON pool (TON Blog).
With this momentum, EVAA has already outpaced other protocols, becoming TON’s top lending platform according to DeFiLlama.
The DAO Pivot: DeFi for the People
October 3 wasn’t just the token launch—it was a governance revolution. EVAA went “DAO-first,” giving $EVAA token holders direct control over the protocol.
The token debuted on Binance Alpha, MEXC, STON.fi, and Gate.io, with perpetuals available on Binance Futures (Crypto-Reporter). Beyond trading, $EVAA delivers utility:
- Staking for boosted yields
- Voting on governance and upgrades
- Fee reductions for borrowers and lenders
- Revenue-tied buyback and burns
CEO Vlad Kamyshov put it best in an interview with Mitrade: “We’re not dropping a token for hype; it’s fuel for governance and growth.”
The design encourages community ownership. Tokenomics are sustainable, featuring a 50 million total supply, long vesting schedules, and deflationary burn mechanics. No meme-coin gimmicks—just utility.
X threads echo the excitement, calling EVAA “AAVE on Telegram steroids.” Early adopters traded XP Vouchers at 6x premiums on GetGems, showing organic community demand.
Looking Ahead: Cards, Social Loans, and Beyond
The EVAA roadmap stretches beyond simple lending. Upcoming features include:
- Card payments – connect DeFi yields to debit cards for real-world spending.
- Undercollateralized “social loans” – leverage Telegram’s social graph to lower collateral requirements. Imagine borrowing with only 50% collateral because your Telegram network vouches for you (TON Blockchain).
- Cross-chain strategies – EVAA aims to auto-allocate stablecoins across TON, Ethereum, and Solana.
- Developer SDKs and a native stablecoin – expected in Q4 2025, empowering third-party builders to integrate “one-tap DeFi strategies.”
As Mitrade notes, EVAA envisions Telegram as “the gateway for millions,” where Mini Apps handle everything from swaps to yield strategies.
Of course, risks remain. TON’s ecosystem is young, and oracle reliance creates vulnerabilities. But with rigorous audits, liquidity incentives, and Telegram’s massive moat, EVAA is mitigating these concerns.
One analyst summed it up well on X: “300K wallets is the spark; DAO governance is the fire.”
Why This Matters: DeFi Becomes Normal
EVAA’s integration into Telegram isn’t just another crypto milestone—it could redefine everyday finance. Traditional banks still gatekeep access to loans, while most DeFi apps intimidate newcomers with jargon and complex UX. EVAA removes both hurdles, making borrowing and lending as simple as sending a message.
With $1.4 billion in volume already processed, EVAA is proving that people want accessible DeFi. With the DAO in place, users—not corporations—will shape its future.
For Telegram’s billion-plus users, this is the perfect entry point into crypto. For seasoned DeFi traders, it’s a new playground with real liquidity. Either way, EVAA is leading the charge toward mainstream, social, and user-friendly finance.
Because when DeFi lives inside your Telegram chats, it’s not just niche anymore. It’s normal.
Sources:
- BeInCrypto – EVAA’s Lending Milestone
- Flagship.fyi – TON Blockchain Overview
- CryptoSlate – EVAA’s Vision Interview
- GlobeNewswire – EVAA Volume Report
- Crypto-Reporter – EVAA Backing and Token Launch
- TON Blog – Incentives for Liquidity Providers
- Mitrade – EVAA DAO Governance
- X.com – TON Blockchain Updates
