Heat 2 teaspoons olive oil in a medium-large nonstick pan over medium heat. Fry the polenta 3 minutes per side, or until crispy and lightly golden brown. Partially cover with a lid to help reduce oil splatter if you wish.
Meanwhile heat 1 teaspoon olive oil in a medium-small nonstick pan over medium heat. Saute the asparagus for 3 minutes or until crisp-tender, stirring occasionally. When the asparagus is almost done, season with crushed red pepper flakes. Partially cover with a lid to help reduce oil splatter if you wish.
Place the cooked polenta rounds in a shallow bowl or on a plate, followed by the asparagus. Add the hummus then season the asparagus with lemon juice. Sprinkle the basil on top then season with salt and pepper.