EVAA Protocol

EVAA Protocol emerges as a high-conviction infrastructure play within the TON ecosystem, functioning as the dominant decentralized lending platform ('Aave of TON'). Its strongest assets are its security and team (both scoring 9/10), evidenced by top-tier audits from Quantstamp and Trail of Bits, a lack of historical exploits, and reputable backing from Animoca Brands and TON Ventures. The project boasts exceptional market fit by leveraging Telegram Mini Apps to access a massive user base (900M+ potential), resulting in high wallet engagement and TVL. However, the investment thesis is tempered by its Tokenomics (6.2/10). With a low circulating supply (~13%) and aggressive liquidity mining incentives, the token faces significant inflationary pressure and potential selling drag from yield farmers. While the protocol implementation is technically robust and professionally managed, the disparity between the project's high utility and its token's inflationary mechanics suggests investors should be mindful of vesting schedules. Overall, EVAA is a fundamental ecosystem pillar with excellent safety and growth metrics, slightly offset by supply-side token risks.