Recently, there has been some discussion about a lending platform called EVAA, which claims to have a total lock-up position (TVL) of $20 million. However, platforms of this scale are actually not uncommon and are not impressive.

Looking back at the cryptocurrency boom of 2021, we can see that a large number of similar or even larger lending platforms emerged. Even platforms with a TVL of 200 million dollars may ultimately see their platform tokens become worthless. This phenomenon reflects the speculative nature and risks of the cryptocurrency market.

For small platforms like EVA with only $20 million in TVL, it is likely a project created by a few large holders. This scale of TVL is quite small for a true decentralized finance (DeFi) platform, making it difficult to attract a wide user base.

It is worth noting that, according to reports, the accounts ranked fifth and sixth on the platform have sold approximately 5 million platform tokens. This large-scale sell-off may indicate a lack of confidence among insiders regarding the platform's prospects, or it may be a profit-taking move.

For ordinary investors, staking assets on a platform of this smaller scale and lacking widespread recognition poses considerable risks. We should learn from past lessons and approach emerging small DeFi platforms with caution, especially those projects that have seen rapid TVL growth but lack proof of long-term stability.

When making investment decisions, it is recommended that investors pay more attention to the project's technical foundation, team background, community support, and long-term development plans, rather than being merely attracted by short-term TVL figures. At the same time, diversifying investments and controlling risk exposure are also important principles in cryptocurrency investment.