TLDR
- Aave, the largest DeFi lending protocol, has launched on X Layer, OKX’s Ethereum Layer 2 blockchain
- OKX Wallet users can now lend, borrow, and earn yield directly without bridging to another chain
- X Layer supports assets including USDT0, xBTC, xETH, xSOL, and offers up to 88% loan-to-value on liquid staking pairs
- Aave holds $23.5 billion in total value locked and recently crossed $1 trillion in cumulative lending volume
- X Layer becomes the 21st blockchain to integrate Aave, joining Ethereum, Arbitrum, and Base
Aave, the largest decentralized lending protocol, has gone live on X Layer, the Ethereum Layer 2 blockchain built by crypto exchange OKX. The launch gives OKX Wallet users direct access to onchain lending without needing a separate wallet or bridging assets to another network.
🔥JUST IN: @aave, the largest DeFi lending protocol with $23.5B TVL, has launched on @okx's Ethereum L2, X Layer. pic.twitter.com/W2pUtXtDwH
— The Crypto Times (@CryptoTimes_io) March 30, 2026
OKX announced the deployment on Monday. Users can supply assets, borrow against collateral, and earn compounding yield directly through the OKX Wallet interface.
“Its arrival on X Layer brings that same battle-tested infrastructure to OKX’s L2 ecosystem, permissionless, non-custodial, and accessible directly from OKX Wallet,” OKX said in a blog post.
Stani Kulechov, founder of Aave Labs, also commented on the expansion. “By expanding to X Layer, Aave connects its liquidity to a growing ecosystem of users and applications, making it easier to earn, borrow, and build applications on the network,” he said.
Supported assets on the platform include USDT0, USDG, GHO, xBTC, xETH, xSOL, xBETH, and xOKSOL. Users can borrow without a credit check or intermediary.
X Layer’s Growing DeFi Ecosystem
X Layer launched in May 2024. It currently has around $25 million in total value locked. The chain offers average transaction fees of $0.0005 and one-second block times.
Other DeFi protocols already on X Layer include Uniswap, Chainlink, and Stargate. Aave’s arrival is the most high-profile integration to date.
X Layer has set up six “eModes” calibrated to its asset ecosystem. These allow loan-to-value ratios of up to 88% for liquid staking pairs.
The move is part of OKX’s broader push to embed DeFi features into its core wallet product, following competitors like Coinbase and Binance. In November 2025, OKX added in-wallet DEX trading on Base, Solana, and X Layer.
Aave’s Recent Milestones
Aave currently holds around $23.5 billion in total value locked across more than 20 blockchains. That figure is more than three times that of its closest competitor, Morpho, which holds roughly $10 billion.
The protocol passed $1 trillion in cumulative lending volume in late February, the first DeFi protocol to reach that mark.
Aave also brought in over $6.2 million in revenue in the last 30 days, more than five times Morpho’s revenue in the same period.
Net deposits on Aave stand at over $40.4 billion. X Layer is now the 21st blockchain to integrate the protocol.
The deployment follows a near-unanimous Aave DAO vote backing its Version 4 mainnet plan, signaling continued development activity across the protocol.
