Ethereum (ETH) whales are on the prowl and when they move, they make SERIOUS waves. One of the investment opportunities they are taking out early positions in is crypto lending protocol Kelexo (KLXO), which is expected to compete with older, legacy lending protocol AAVE (AAVE). Here’s why Ethereum (ETH) whales prefer Kelexo (KLXO) over AAVE (AAVE).
What you'll learn 👉
Ethereum (ETH) Holds at $3,000 Amid News of Dencum Upgrade
Ethereum (ETH) has held steadfastly around the $3,000 mark, trading at $2,955 as at press time. The leading smart contract platform turned in a 6.2% increase over the past 7 days. One of the catalysts for Ethereum (ETH) recent uptick is the news surrounding its long-awaited Dencum upgrade. The upgrade will finally implement features like data blobs and proto-danksharding, which are expected to reduce transaction costs and boost throughput. This could lead to enhanced development and user activity, after having lost significant ground to faster L1s like Solana (SOL) and Avalanche (AVAX) over the past years.
Can AAVE (AAVE) Recapture Past Glories?
AAVE (AAVE) was one of the leading DeFi protocols during the last bull cycle, when it hit all-time highs of $661 at the peak of “DeFi Summer” in May 2021. Since then, however, AAVE (AAVE) is running on its past glories, trading 85% below its all-time high at $100 as of this writing. Despite the precipitous decline, AAVE (AAVE) remains among the leading P2P lending protocols in the industry. However, that will be set to change with the launch of Kelexo (KLXO), which is taking DeFi P2P lending to the next level..
Kelexo (KLXO): Ushering in a New Era in DeFi P2P Lending
AAVE (AAVE) and Compound (COMP) have been around as the P2P lending protocols of the last bull cycle. Key word being: “last bull cycle.” In the next bull cycle of 2025, it isn’t AAVE (AAVE) nor Compound (COMP) that’s expected to dominate the sector. Instead, a new contender in the form of Kelexo (KLXO) is set to challenge their long-standing dominance and carve out a space for itself in the sector.
Kelexo (KLXO), which is only in its presale phase, is an easy pick to generate anywhere from a 20x to a 100x depending on conservative or bullish estimates in 2024. Moreover, Kelexo (KLXO) is expected to draw a massive user base with its P2P lending marketplace that removes the complexity from using older P2P lending protocols like AAVE (AAVE) and Compound (COMP).
Kelexo (KLXO) greatly improves the user experience by making P2P lending foolproof and easy, something that other lending protocols don’t. Besides removing the need for KYC and exorbitant transaction fees, Kelexo (KLXO) is doing away with intermediaries and complex P2P lending processes. Presale investors will also be entitled to avail of an account linked debit card, a revenue share on platform revenues and a 0% commission swap service.
The best time to join the Kelexo (KLXO) presale was yesterday. At prices of just $0.028, prospective investors could set themselves up for parabolic gains ahead of the next bull run. Join the hordes of Ethereum (ETH) whales taking out early positions in Kelexo (KLXO) while prices are this low they may never be this low ever again.
Find out more about the Kelexo (KLXO) presale by visiting the website here
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