Solana (SOL) and Shiba Inu (SHIB) are two well-known alts in the land of decentralized finance. Both tokens have had their highs and lows, but are still among the leading crypto assets. HypaSwap news…
They both had their best days last year. Despite the extreme bearish nature of the market, Solana (SOL) and Shiba Inu (SHIB) still have a very solid crypto community.
While SOL and SHIB have had their days in the crypto world, a few newer tokens may well follow in their footsteps. The fundamentals of HypaSwap make it a potential Solana (SOL) and Shiba Inu (SHIB) in the near future.
Why HypaSwap (HYPA)?
The (HYPA) platform will serve as a decentralized lending protocol for users. The protocol will support multiple tokens, giving traders more swapping options. The protocol will also have numerous incentives for contributors.
One of the main goals of HypaSwap is to bridge existing gaps in the decentralized finance world. Since the inception of cryptocurrencies, more users around the globe have come from developing and third-world countries.
In developing countries, a bulk of the crypto users are traders. Many of these traders use centralized exchanges, which are not so different from traditional finance models. This has been a major hindrance in the adoption of decentralized finance and the promotion of blockchain.
HypaSwap (HYPA) has the goal of drawing non-crypto users to the crypto train. Moreover, (HYPA) has the goal of attracting already existing crypto users to the world of decentralized finance.
To achieve this, (HYPA) will incentivize DeFi fans in a unique way. The protocol will pick a tip from already existing DeFi models and refine lagging frameworks.
With the aid of bug bounties, incentives, attractive yields, and a lot more, HypaSwap will promote DeFi adoption. Notably, HypaSwap will ensure its operating model is sustainable. The protocol will implement principles that will prevent extortion.
Will HypaSwap (HYPA) Reach The Levels of Solana (SOL) And Shiba Inu (SHIB)?
Already, Solana (SOL) and Shiba Inu (SHIB) are already blown away. Both tokens have valuations in billions of dollars. The market cap of the SOL token is over $14 billion at the moment. Shiba’s market cap is less than half that of Solana (SOL), with a $6+ billion valuation. Both crypto assets are ranked in the top twenty cryptocurrencies.
Can (HYPA) reach this height? Very likely. In the blockchain ecosystem, tokens with utility tend to grow over time. (HYPA) will be bringing more than utility to the table. The protocol will also solve numerous problems in the DeFi ecosystem.
More so, the protocol will have attractive incentives to reward active participants and keep the system running. For example, early adopters of the token will be able to get as much as 20% bonus when they purchase the HYPA token with BSC-20 BNB. The protocol also has other incentives that will attract users and drive adoption.
Solana (SOL) and Shiba Inu (SHIB) have both reigned at different times in the DeFi world. Both altcoins have blown up, and HypaSwap is likely to follow in their footsteps. With HypaSwap’s utility and its numerous incentives for users of the protocol, the tokens’ market capitalization may soar in the coming months. It would not be unrealistic to expect a billion valuation for HypaSwap (HYPA).