Decentralized finance (DeFi) isn’t only gathering a full head of steam as it seeks to break the previous all-time high in total locked value set last 2021 at $179 billion. The entire sector is in for a MAJOR upheaval. Heck, even XRP and Polkadot (DOT) developers are enhancing their DeFi capability ahead of the next bull run. But the REAL driver of DeFi evolution lies in the new order of freshly launched protocols that are expected to drive the DeFi sector to new heights, with Kelexo (KLXO) expected to be among the leaders of the pack.
Kelexo is bringing decentralized peer-to-peer lending to a whole new level with the launch of its innovative new P2P lending marketplace. Market analysts believe it’s only a matter of time before KLXO overthrows legacy lending protocols like AAVE and surges to a 50x gain in 2025.
XRP betting on DeFi with AMM launch
The brain trust behind XRP knows they have to stay competitive even as Ripple Labs, the cryptocurrency’s issuer, faces a legal challenge from the United States Securities and Exchange Commission. Recently, XRP Labs announced the launch of the first automated market maker on the XRP blockchain, opening up XRP to an array of DeFi functionality that its XLS-30 AMM protocol brings to the table. The move opens up future DeFi activity and development on XRP. This is indicative of the rising interest in DeFi, even among established “legacy” tokens like XRP that want a piece of the action.
Polkadot (DOT) is advancing DeFi with its flexible tech stack
Polkadot backers will say that the Gavin Wood-led Layer-1 protocol is virtually built for DeFi as the next logical evolution and strictly better version of Ethereum (ETH). And why not? Polkadot (DOT) and its software development kit have been adopted by their leading contenders, such as Cardano (ADA) and NEAR Protocol (NEAR), thanks to its relay chain’s ability to deliver higher data availability and concrete security to execution. According to its proponents, Polkadot has solved all pain points that bedevil Ethereum to this very day, solving the blockchain trilemma with the most scalable tech stack that imitators are tripping over themselves to copy.
Kelexo (KLXO) set to challenge AAVE (AAVE) for the P2P lending throne
AAVE was one of the top DeFi protocols that mooned in 2021, particularly off the heels of its decentralized lending protocol. However, fast forward to 2024, and AAVE has STILL failed to make any tangible inroads into mainstream acceptance. Part of it has to do with its steep learning curve, turning non-crypto natives away.
Kelexo (KLXO) is coming straight for AAVE (AAVE) crown by launching the first and thus far only decentralized P2P lending marketplace of its kind to address the need for a robust yet easy solution for borrowers and lenders to connect under one roof and transact with low fees, no KYC and no intermediaries without the learning curve associated with older lending protocols.
With stage 2 of its presale taking off, there’s no better opportunity to get in the early Kelexo action before the next bull run actually begins, and XRP and Polkadot (DOT) traders are among the early adopters betting on Kelexo to dominate the P2P lending sector in the years to come.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
Source: https://www.cryptonewsz.com/xrp-and-dot-traders-to-invest-in-kelexo-presale-which-challenges-aave/