Aurora: a focus on a better user experience

Next in our series on networks supported by 1inch: Aurora, a blockchain that combines speed, affordability and seamless integration.

As the demand for faster and more cost-effective blockchain solutions grows, Aurora has emerged as a powerful player in the space. 

What is Aurora?

Aurora is an Ethereum-compatible blockchain built on the NEAR Protocol. Designed to offer a high-performance environment for Ethereum-based applications, Aurora aims to bring users NEAR’s scalability and low transaction costs alongside Ethereum’s familiar tools and frameworks.

At its core, Aurora addresses Ethereum’s scalability challenges by providing a platform where developers can deploy their dApps without worrying about high gas fees or network congestion. With Aurora, projects can enjoy the benefits of Ethereum’s security and decentralized ecosystem while tapping into NEAR’s advanced infrastructure.

Key features of Aurora

• Ethereum сompatibility: Aurora supports the Ethereum Virtual Machine (EVM), so developers can seamlessly migrate their dApps from Ethereum without making major changes to their code.
• Low transaction costs: Transactions on Aurora are cheaper compared to Ethereum, thanks to NEAR’s high throughput and efficient design.
• High speed: With reported block times  as low as one second, Aurora provides near-instant transaction finality, offering a smooth user experience for dApps.
• Bridging capabilities: The Rainbow Bridge enables secure and efficient asset transfers between Ethereum and Aurora, fostering interoperability between the two ecosystems.

Aurora and 1inch

1inch’s Aurora support unlocks a wealth of opportunities for users. Traders can access the best rates across multiple decentralized exchanges (DEXes) operating on Aurora, ensuring optimal trading efficiency.

Aurora’s low transaction fees and high speeds align perfectly with 1inch’s mission to deliver a seamless and cost-effective DeFi experience. Users can perform swaps, provide liquidity and explore a growing ecosystem of dApps on Aurora with the same ease they’ve come to expect from Ethereum.

Why Aurora?

Aurora is a great solution for  users seeking the security and decentralization of Ethereum without the constraints of high fees and slow transactions. Its compatibility with Ethereum’s tooling and the ability to leverage NEAR’s scalability make it a strong choice for developers, too.

Start trading on Aurora with 1inch today!