Aurora Labs has launched TurboChain and TurboSwap, two blockchain solutions designed to strengthen the TURBO ecosystem.
Developed in collaboration with the NEAR (NEAR) Protocol, these tools aim to improve transaction efficiency and expand access to decentralized finance, according to a release shared with crypto.news.
TurboChain serves as a dedicated blockchain for the TURBO (TURBO) ecosystem, using TURBO as its core token for transactions. The chain is designed for speed, scalability, and low transaction costs, making it accessible to a wider range of users, including smaller investors.
The chain also provides developers with a platform to build decentralized applications while offering compatibility with major blockchain networks such as Ethereum (ETH) and NEAR.
TurboSwap is a decentralized trading platform that focuses on seamless cross-chain liquidity. It enables users to move assets across blockchains, streamlining the process of trading and asset transfers. This feature supports greater flexibility for users engaging with multiple blockchain networks.
Scalability in blockchain adoption
Aurora Labs views these launches as part of a broader strategy to scale blockchain adoption. The company plans to introduce 1,000 interconnected blockchains by 2025 using its Aurora Cloud platform. This service simplifies the process of launching scalable and low-cost virtual chains, eliminating the need for technical expertise.
According to Aurora Labs CEO Alex Shevchenko, TurboChain and TurboSwap highlight the potential of Aurora’s Virtual Chain technology to create scalable blockchain ecosystems.
“With the Turbo Token community, we’re setting a new standard for seamless blockchain innovation and interoperability,” said Shevchenko.
