Aave (AAVE) lending market soars but Kelexo (KLXO) lending presale looks to overtake as more Solana (SOL) rush to get in early

February 27, 2024

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Decentralized finance (DeFi) is going to be a dominant narrative in the next bull cycle. AAVE (AAVE) became one of the leading DeFi lending protocols in the last bull market of 2021. On the other hand, Solana (SOL) has seen its price action accelerate due to increasing activity on the blockchain, including DeFi. However, altcoins that hit all-time highs in the last cycle do not tend to retest their all-time highs in the proceeding cycle. But altcoins that have just recently launched, like Kelexo (KLXO) literally have a rocket strapped to them in 2024 and beyond. Learn why whales, including those loaded up on Solana (SOL), are buying into the Kelexo (KLXO) presale.

AAVE (AAVE) Losing Ground to Newer DeFi Protocols

OG lending protocol AAVE (AAVE) was one of 2021’s biggest gainers, peaking at $661 during the “DeFi Summer” of 2021. However, since then, AAVE (AAVE) has bled out in terms of users, with many others moving on to other newer lending protocols. AAVE (AAVE) has become a less intriguing investment in 2024, considering it has already peaked. Despite registering a 15.4% gain in the past 2 weeks, AAVE (AAVE) is trading at $98.76 as at press time.

Solana (SOL) Losing Against Ethereum (ETH)

Solana (SOL) has been touted as a major competitor to Ethereum (ETH), with its higher throughput, lower fees and growing ecosystem. However, the Solana (SOL)/Ethereum (ETH) paints a bearish picture, showing a market downturn in investor interest. Solana (SOL) prices have plummeted by 7% over the past week, trading at $101.70 at press time, after riding high at $118 in mid-February.

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Kelexo (KLXO) to Outperform AAVE (AAVE) in 2024?

There’s no question that AAVE (AAVE) introduced the possibilities of decentralized peer-to-peer lending in the last cycle. But entering this cycle, Kelexo (KLXO) is ushering in a new era in the sector with its revolutionary lending marketplace concept.

Kelexo (KLXO) is at the forefront of advancing P2P lending and borrowing within the realm of decentralized finance. The protocol acknowledges the challenges inherent in decentralized finance, particularly in terms of adoption and accessibility. Kelexo (KLXO) aims to address these challenges by creating a more inclusive, intuitive and seamlessly connected P2P lending marketplace. The platform also places a strong emphasis on security, undergoing rigorous audits to ensure the safety of its users. Through these efforts, Kelexo (KLXO) is poised to attract a significant number of both existing and new users to its innovative marketplace solution.

The Kelexo (KLXO) lending marketplace simplifies and democratizes the lending process, making it easily accessible to mainstream audiences and individuals unfamiliar with the world of cryptocurrency. With audited smart contracts powering the entire lending and borrowing process, Kelexo (KLXO) approach iterates on the path laid out by earlier protocols like AAVE (AAVE) and packages it in a user-friendly, familiar format.