Deep Dive
1. Product Roadmap & Adoption (Bullish Impact)
Overview: EVAA's 2025-26 roadmap targets major upgrades, including non-collateralized loans using Telegram's social graph, an EVAA crypto card, and cross-chain expansion to BNB Chain, TRON, and Ethereum. These features aim to tap into Telegram's massive user base, simplifying DeFi access. Successful execution could significantly increase protocol usage and demand for the $EVAA token for governance and utility.
What this means: New product launches could act as catalysts, attracting new users and capital to the protocol. Increased adoption typically drives higher demand for the native token, potentially creating upward price pressure. However, this bullish case depends entirely on timely and successful delivery.
2. Tokenomics & Unlock Schedule (Mixed Impact)
Overview: The total supply is 50 million tokens with a long-term linear unlock. Only 13.24% was in circulation at the Token Generation Event (TGE) on October 3, 2025. Starting from the third month post-TGE, a steady 0.79% of tokens unlock monthly. Team tokens are locked for 9 months and investors for 6 months (EVAA Protocol).
What this means: The structured unlock is designed to prevent inflation and sudden dumps, which is supportive. However, the predictable monthly influx of new tokens, even if small, represents a constant overhang of potential sell-side pressure that the market must absorb, potentially capping short-term price appreciation.
3. Protocol Revenue & Buyback Mechanism (Bullish Impact)
Overview: EVAA projects over $3 million in annualized protocol revenue. All revenue is directed to a DAO treasury, which can allocate funds for automatic token buybacks and burns (EVAA Protocol).
What this means: This creates a direct, value-accrual mechanism for the $EVAA token. Sustained or growing protocol revenue translates to consistent buying pressure from the treasury, reducing circulating supply through burns. This can fundamentally support the token price over the long term, acting as a counterbalance to unlock-driven selling.
Conclusion
EVAA's price faces a tug-of-war between gradual token unlocks and potential value accrual from product-led growth and revenue buybacks. For a holder, the medium-term outlook leans on the team's ability to deliver its roadmap and grow protocol revenue faster than new tokens hit the market.
Can protocol revenue scale sufficiently to offset the selling pressure from ongoing unlocks?