TON Protocol EVAA Transitions to Decentralized Governance with $1.4B in Volume
EVAA, the largest DeFi protocol on the TON network, has announced its shift to decentralized governance through the launch of its native token and DAO. The MOVE places control directly in the hands of its 300,000-strong user base, leveraging Telegram's Mini Apps for seamless integration.
Since its inception at the 2023 Hack-a-TON x DoraHacks hackathon, EVAA has processed over $1.4 billion in transactions. The protocol's success demonstrates the viability of DeFi solutions within Telegram's ecosystem, bypassing the need for complex external wallets.