Thermoplastic vulcanizate (TPV) with fascinating high elasticity has been received the ongoing research attention in the application of sealing system for the engineering machine. However, there still exists one factor, the plastic strain of plastic matrix adjacent to rubber particles in equatorial direction, which has greatly inhibited the resilience improvement of TPV. Traditional in-situ online experiments could not accurately obtain and quantify the stress-strain evolution behavior of heterogeneous rubber-plastic materials, crucial for resilience. Herein, one kind of TPV based on polyamide thermoplastic elastomer (TPAE) and ethylene-propylene-diene monomer (EPDM) with outstanding rebound resilience has been fabricated via introducing the interfacial compatibilization reaction and reinforcing particles during the melt-reactive blending. One three-dimensional representative volume element (3D-RVE) model has been established to analyze the deformation mechanism of such designed TPV in this work compared with that for TPV based on polypropylene (PP) and EPDM. By analyzing the forces on the RVE mesh units, it could reveal that the TPAE matrix exhibited more uniform stress transfer behavior at the thin ligament, and the recovery behavior of TPV matrix mainly occurred at the thin ligament. This work would provide important value for the preparation of new high elastic TPV materials from a microscopic level.