[DigitalToday reporter Chi-gyu Hwang] DeFi lending protocol Aave has started offering its service on OKX’s Ethereum Layer2 blockchain X Layer, Cointelegraph reported on March 30 local time.
Cointelegraph said the integration allows X Layer and OKX Wallet users to use Aave to deposit, lend, borrow and access yield features within the same network without bridging assets to other chains.
X Layer, launched in 2024, has total value locked of only about $25 million. Aave’s TVL is $23.5 billion, making it the largest protocol in the DeFi lending market.
OKX expects the integration to help broaden its user base.
X Layer has highlighted speed and fees as differentiators in the highly competitive Ethereum Layer2 market.
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Chi-gyu Hwang
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