EVAA (EVAA Protocol) rose 38.02% in the last 24 hours.

Gate News Bot news, on October 22, according to CoinMarketCap data, EVAA (EVAA Protocol) is currently priced at $6.04, with a pump of 38.02% in the last 24 hours, peaking at $6.19 and dropping to a low of $2.57. The current market capitalization is approximately $40 million, an increase of $11 million compared to yesterday.

EVAA is the first decentralized lending protocol on the TON blockchain. As a leading DeFi super layer on Telegram, EVAA simplifies the processes of earning yields, payments, and loans. The protocol supports native TON assets and wrapped assets, maximizing the utility of the TON blockchain. EVAA also integrates Telegram mini-programs and the TON Space wallet, providing users with a seamless lending experience. Additionally, the EVAA card bridges the gap between earning and spending, allowing users to earn yields while they consume.

Important news about EVA recently:

1️⃣ High-yield financial products continue to attract investors The EVAA 7-day fixed-term financial product launched by Gate's Yubibao has an annualized yield of up to 200%, with a total quota of 390,000 EVAA. This product will be available for subscription starting from October 10 and will continue until November 10. Such an attractive yield continues to draw the attention of a large number of investors, becoming one of the main factors driving the continuous rise in the price of EVAA.

2️⃣ Market liquidity has significantly risen The launch of high-yield financial management products has effectively increased the market liquidity of EVA. With investors actively participating in regular financial management, it has brought more trading volume and market activity, further driving the price rise trend. This virtuous cycle effect may be an important driving force behind the recent continuous rise of EVA.

3️⃣ Technological innovation widely recognized by the market EVA, as a blockchain project that combines identity layers and privacy protection, is gaining widespread recognition in the market for its unique technical features. In particular, its support for programmable protocol layer tokens and PayFi functions, including time-locked releases, compliance controls, and identity-based geo-fencing for cross-border transactions, continues to attract the attention of more investors and developers, driving the sustained rise in project value.

From a technical perspective, the price of EVA has been continuously breaking new highs recently, showing a strong rise momentum. However, such a rapid increase may also bring about the risk of a pullback, and investors need to closely monitor market trends and potential profit-taking pressure.

This message is not intended as investment advice; investors should be aware of market volatility risks.