Aurora Labs launches TurboChain and TurboSwap to improve the TURBO ecosystem

Aurora Labs has launched TurboChain and TurboSwap, two blockchain solutions designed to power 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 statement shared with Crypto.news.

TurboChain acts as a private blockchain for the TURBO (TURBO) ecosystem, using TURBO as the base token for transactions. The chain is designed for speed, scalability and low transaction costs, making it accessible to a wider range of users, including small investors.

The chain also offers compatibility with major blockchain networks such as Ethereum (ETH) and NEAR, while providing a platform for developers to build decentralized applications.

TurboSwap is a decentralized trading platform focused on seamless cross-chain liquidity. It facilitates the trading and asset transfer process by allowing users to move assets between blockchains. This feature supports greater flexibility for users interacting with multiple blockchain networks.

Scalability in blockchain adoption

Aurora Labs sees these launches as part of a broader strategy to scale blockchain adoption. The company plans to introduce 1,000 interconnected blockchains by 2025 using the 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 are setting a new standard for seamless blockchain innovation and interoperability,” said Shevchenko.