TLDR
- Aave launched on OKX’s X Layer, marking the DeFi protocol’s 21st blockchain integration.
- X Layer users can now lend, borrow, and earn yield through Aave without bridging elsewhere.
- Aave holds $23.5 billion in TVL, while X Layer holds about $25 million.
- OKX says X Layer delivers one-second block times and average fees of $0.0005.
- Aave crossed $1 trillion in cumulative lending volume in late February.
Aave has launched on OKX’s Ethereum layer-2 network X Layer, opening lending services on the chain. The move marks Aave’s 21st blockchain integration and expands its reach across Ethereum scaling networks. It also gives X Layer users a direct way to lend, borrow, and earn yield. The rollout links a leading DeFi lender with a smaller but growing L2 network. It also brings a new lending option to users who already trade through OKX products.
Aave adds a missing service on X Layer
Before this launch, X Layer had no native lending market from a top protocol. Its live DeFi stack included Uniswap, Chainlink, and Stargate. Aave now adds borrowing and lending to that mix. That service had been missing from the network since launch.
The integration also works with OKX Wallet, so users can access Aave on the same network. That means they do not need to bridge assets elsewhere. As a result, lending activity can stay inside X Layer. Users can manage loans and deposits without leaving the chain.
An OKX spokesperson called the move a broad expansion of the network’s DeFi ecosystem. “This is a very versatile expansion of our DeFi ecosystem,” the spokesperson told Cointelegraph. The spokesperson added that it should benefit the full range of customers on X Layer. The comment framed the launch as a network-wide product expansion.
A large lender joins a much smaller L2
Aave enters X Layer with far more scale than the network itself. Aave holds $23.5 billion in total value locked. X Layer holds about $25 million, based on the figures provided. The gap shows the difference in size between the protocol and the chain.
X Layer launched in May 2024 and competes in the Ethereum L2 market. OKX says the chain offers one-second block times and average fees of $0.0005. Those features place it in a market focused on speed and low costs. Competition remains intense across Ethereum scaling networks.
Aave already runs on more than 20 chains, including Ethereum, Arbitrum, and Base. X Layer now becomes the protocol’s 21st blockchain integration. For X Layer, this is its most prominent DeFi partnership since launch. That range has helped Aave build users across different Ethereum-linked ecosystems.
Aave extends its lead in DeFi lending
The deployment follows another milestone for Aave in late February. The protocol crossed $1 trillion in cumulative lending volume. It was the first DeFi protocol to reach that level. The new X Layer rollout comes soon after that record.
Aave also reported more than $40.4 billion in net deposits. Rival platform Morpho held roughly $10 billion by comparison. The figures place Aave well ahead in lending activity. Morpho remains one of the better-known rivals in decentralized lending.
Over the past 30 days, Aave generated more than $6.2 million in revenue. That was more than five times Morpho’s total over the same period. Its total value locked also remains more than three times larger than its closest lending rival. That keeps Aave ahead of competitors by revenue and locked assets.
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