Will HypaSwap (HYPA) be as successful as Avalanche (AVAX) and Uniswap (UNI) in the cryptocurrency market?
Will HypaSwap (HYPA) be as successful as Avalanche (AVAX) and Uniswap (UNI) in the cryptocurrency market? This is a sponsored advertising post. Nothing in this content should be construed as advice, it is meant for informational purposes only.
HypaSwap (HYPA) is a new cryptocurrency billed to further improve the DeFi space. Like every new project that enters the coin market now, HypaSwap faces stringent competition from existing cryptocurrencies in its space, especially top ones like Avalanche (AVAX) and Uniswap (UNI).
The buzz about HypaSwap is gradually generating into something worthy of attention, with blogs like Cryptomag and Metaversefinance having a detailed explanation of what the cryptocurrency is, or might be. The developers aim to use every available medium of marketing and publicity including Reddit crypto forums, and these publicity efforts may pay off in the long run.
Beyond effective marketing and publicity, several other factors contribute to the prominence of a token in the coin market. This article reviews HypaSwap (HYPA) based on these factors while comparing it to forerunners like Avalanche (AVAX) and UniSwap (UNI).
Avalanche (AVAX) isn’t just a giant DeFi cryptocurrency, it’s generally a top cryptocurrency on Coinmarketcap with close to $6 billion market capitalization and over 800k individuals adding AVAX to their watchlist. Avalanche prides itself as the fastest smart contracts network in the blockchain. This feature accounts for part of Avalanche’s (AVAX) market prominence and increased adoption.
Apart from the unique feature, Avalanche brings solutions to existing smart contracts platform loopholes, giving popular ones like Ethereum strong competition in the market. Avalanche believes a higher output with optimal scalability can achieve this, and they’ve been waxing strong daily with new users and adopters almost daily.
The platform boasts a unique structural makeup with three distinct chains — X, C, and P Chains, performing varying functions which include token exchange, smart contracts, DApps hosting, and network validators coordination, respectively. This structured chain division contributes greatly to the swiftness and high throughput of the platform.
Avalanche’s price surge in November 2021 saw it rally to its peak price of $146.22 also accounts for the cryptocurrency prominence. But the bulk of the credit goes to the project’s developers and community members that remain committed to the constant development of the platform.
Uniswap (UNI) is another top cryptocurrency in the coin market with DeFi-related applications and utilities. The decentralized trading platform is known for liquidity creation (trading) and the benefits this adds to the DeFi space. Uniswap is one of the top automated market makers presently, and it facilitates the automated trading of decentralized finance (DeFi) assets.
The platform incentives activities through risk mitigation and cost reduction for users. It also eliminates the need for identification, allowing all users to create a liquidity pool for any token pair. Uniswap’s network’s constant dedication to growth has seen it upgrade its version twice.
The latest version (Uniswap v3) features optimum capital efficiency for liquidity providers, efficient smart contracts execution for traders, and improved infrastructure. This is an addition to the price oracles, flash swaps, and ERC-20 pairs feature of its previous version. All these enable Uniswap to remain atop most DeFi tokens in the cryptocurrency market.
HypaSwap (HYPA) is a decentralized finance (DeFi) platform, built on the Ethereum blockchain. The non-custodial DeFi protocol allows users to lend and borrow digital assets on the platform through a liquidity pool containing different cryptocurrencies.
Lenders are liquidity providers, they transfer their assets to the HypaSwap liquidity pool (where it is locked), and earn interest on it each time a borrower takes a loan from the pool and payback. Borrowers deposit collateral which will be liquidated to pay back loans, if they fail to pay the loan with interest.
The platform doesn’t just make this process seamless and rewarding, it’s also concerned about the safety of users’ locked assets and data. Thus, HypaSwap ensures proper external audits and features a safety module, which serves as a failsafe in case the platform’s liquidity is at risk.
The developers also busy themselves with proper market risk assessments, analyzing common risks like severe price decline, asset liquidity due to inaction, huge liquidation events, and safety measure compromise. This helps the team put mechanisms in place to combat them.
HypaSwap (HYPA) is set to go on presale within the next few weeks. It has been tipped to make a strong impact within a few days of launching in the crypto market. Potential adopters are also eligible for numerous bonuses. This includes about 35% bonus when you purchase within the first 30 minutes of registering, 6%, 4%, and 2% on any purchase during the 1st, 2nd, and 3rd stage respectively, referral bonus, etc.
Get more information and follow the project here:
Presale: Join Hypaswap Presale
Website: Official Hypaswap Website
Telegram: Join Hypaswap Telegram Channel