Aave has become the largest lending protocol on Base, with one market update indicating it leads the chain’s lending sector by about $100 million in active loans. The ranking cited in that update is based on active loans rather than total value locked, which helps explain why Aave can be described as the top protocol on Base even as other lending apps remain active on the network. The development matters because Base has been one of the most important Ethereum Layer 2s for DeFi growth, and lending activity is a key measure of onchain capital deployment. Aave is already one of the largest lending protocols across crypto more broadly, with multi-chain deployment and substantial liquidity across Ethereum and L2 networks, so its position on Base reflects both its brand strength and the chain’s expanding DeFi usage.

AI-generated background, compiled from web sources — not editorial content.

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