Aave Expands to OKX's X Layer, Boosting DeFi Access for Users
Aave, the largest decentralised finance (DeFi) lending platform, has expanded to X Layer, OKX's Ethereum Layer 2 network. This marks the 21st blockchain to integrate Aave, placing it alongside major networks like Ethereum, Arbitrum and Base.
The move allows OKX Wallet users to lend, borrow and earn yield directly on X Layer without needing to bridge assets to another chain. X Layer launched in May 2024 with around $25 million in total value locked. The network offers fast transactions, with block times of just one second and average fees as low as $0.0005. It supports assets such as USDT0, xBTC, xETH and xSOL, with loan-to-value ratios reaching up to 88% on liquid staking pairs.
Aave's arrival is the most high-profile integration for X Layer so far. The protocol, which holds $23.5 billion in total value locked, recently surpassed $1 trillion in cumulative lending volume. In the last 30 days alone, Aave generated over $6.2 million in revenue—more than five times that of competitor Morpho.
OKX is now embedding DeFi features directly into its core wallet product, following a trend set by competitors like Coinbase and Binance. Other DeFi protocols already live on X Layer include Uniswap, Chainlink and Stargate. The integration simplifies access to Aave's lending and borrowing services for OKX Wallet users. Transactions on X Layer remain fast and low-cost, while the network continues to expand its DeFi offerings. Aave's presence further strengthens the ecosystem's position in decentralised finance.
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