HypaSwap, Aave, and Compound: DeFi Cryptocurrencies Set for Price Surges in the Coming Months

Since the DeFi craze in the summer of 2020, the decentralized finance (DeFi) space has witnessed tremendous growth in the cryptocurrency market, prompting more projects with DeFi-related utilities to keep coming up. The crypto market now boasts DeFi cryptocurrencies, including DAI, Avalanche (AVAX), UniSwap (UNI), Aave (AAVE), Compound (Comp), amongst others.

HypaSwap (HYPA) will be the newest addition to the DeFi space, and experts believe it will rise to prominence and have a successful run within a short period of release into the mainstream crypto market. However, HypaSwap isn't the only DeFi token billed for price surges in the common months. Existing cryptocurrencies like Aave (AAVE) and Compound (Comp) could also see their value rise in months to come. Based on experts' opinions, We review this article below based on experts' predictions.

Aave (AAVE) – The Platform For Lending and Borrowing

Aave (AAVE) is a decentralized finance platform for lending and borrowing. It follows the same mechanism as other similar but features flagship products like 'flash loans,' which has been regarded as the first loan scheme in the DeFi space that needs no collateral, although you must pay back within the same transaction.

Aave allows users to choose between fixed or variable interest rates, depending on which is best for them at the time. It also allows users to borrow and lend over 20 different cryptocurrencies. Aave boasts over $1.2 billion TVL (Total value locked) and sits comfortably on close to 400,000 individuals' watchlists as they anticipate the best time for entry.

Aave peaked at a market price of $666.86 but has since been experiencing some price fluctuation, largely due to the bear market. It sells at a double-figure price, but experts believe it could rally beyond the $100 mark as it tries to recover.

Earn Passive Income With Compound (COMP)

Compound (COMP) is another lending protocol that allows users to earn passive income by earning interest from depositing their assets into a liquidity pool supported by the network. The platform gives cTokens to every user that deposits in the platform's liquidity pool. The cToken is a proof of stake the user can utilize to redeem deposited digital assets from the pool at any time.

The platform looks to help users benefit from their assets by earning interests rather than just locking them up. COMP is the native token of the DeFi protocol, and it can be used to earn governance rights, participate in incentivized activities, and facilitate depositing or taking out loans.

The compound boasts over $2.7 billion total locked value but a much lesser market cap of about $356 million. COMP peaked at an all-time high of $911.20 in May 2021 but saw a massive price decline that brought it to its all-time low of $26.52 a month ago (June 2022).

However, it has done about 86.51% increase from its all-time low in that one month, and analysts believe it will continue the steady increase. This could make it a good purchase in the long run.

HypaSwap (HYPA) – The Platform To Earn Interest

HypaSwap (HYPA), like the other projects in this article, is a lending and borrowing platform that enables users to earn interest by transferring assets to the platform's liquidity pool. Borrowers take out this LP and deposit the equivalent value of the collateral, which they'll get back once they return the loan with interest.

HypaSwap focuses more on providing users with optimal asset security and market protection. This help keeps users' assets safe from fraudulent acts and adverse effects of unfavourable market conditions. HypaSwap also features a community grants program and gives grants for protocol development, community benefits, auditing, hackathon, multifarious needs, etc.

HypaSwap will also feature an incentive mechanism called BUG BOUNTY which will prompt users to report system bugs and earn rewards. This will help the platform maintain its optimum security and safety promise. HYPA, the native token of the platform, powers its utility.

It is set to go on presale soon, and experts believe its features, utility, and uniqueness will increase its adoption potential and will see it make a progressive rally in the market once it launches. It's set to go on presale soon, with many presale bonuses up for grab.

You get up to a 6% bonus at the first presale stage, 35% when you purchase within the first 30 minutes, and about 3% when you make a purchase worth $500.

You can learn more about HypaSwap, its presale bonuses, and how to join here.