Aurora Price

Aurora (AURORA) is an Ethereum-based cryptocurrency that operates as a Layer 2 solution for the NEAR Protocol ecosystem. Ranked #741 with a current price of $0.03624, Aurora has seen a -7.55% change in the last 24 hours. It features free bridge transfers and minimal transaction fees, allowing users to function as liquidity providers for any ERC20 token. With a market cap of $24.5M and a 24-hour trading volume of $64.02K, Aurora has a circulating supply of 676.15M AURORA out of a maximum supply of 1B AURORA. The token reached its all-time high of $35.4 and has traded between $0.03941 and $0.03503 in the past 24 hours. Aurora aims to provide Ethereum compatibility with NEAR Protocol's scalability, offering developers a seamless experience when building decentralized applications that can operate across both ecosystems.

Aurora was created on November 19, 2021, when it was officially listed on cryptocurrency tracking platforms. It operates on the Ethereum platform as an ERC-20 token and is also available on the NEAR Protocol. Aurora was developed as part of the Aurora ecosystem, which aims to extend Ethereum compatibility to the NEAR Protocol blockchain, enabling developers to run their Ethereum applications on NEAR's infrastructure with minimal changes. Since its launch, Aurora has established itself as a key token in both the Ethereum and NEAR Protocol ecosystems.

Aurora was founded by Alex Shevchenko and Arto Bendiken. Alex Shevchenko serves as the CEO of Aurora, which was launched in 2021 as an Ethereum Virtual Machine (EVM) built on the NEAR Protocol. The project aims to provide a seamless experience for Ethereum users and developers, allowing them to use their existing tools with the performance benefits of NEAR Protocol. The founding team has extensive experience in blockchain technology and has positioned Aurora as a bridge between Ethereum and NEAR ecosystems, focusing on scalability and interoperability solutions.

Aurora operates as a Layer 2 solution built on the NEAR Protocol, enabling Ethereum compatibility within the NEAR ecosystem. The AURORA token powers this ecosystem in several ways: 1. It functions as a governance token, allowing holders to vote on protocol decisions and upgrades. 2. AURORA serves as the native currency for transaction fees on the Aurora network, which are significantly lower than Ethereum's gas fees. 3. The protocol utilizes the Rainbow Bridge to facilitate seamless asset transfers between Ethereum, NEAR, and Aurora networks. 4. Developers can deploy Ethereum-compatible smart contracts on Aurora without modifying their code, benefiting from NEAR's faster transaction speeds and lower costs. With a current price of $0.03624 and market cap of $24.5M, AURORA has a total supply of 999.83M AURORA tokens, with 676.15M AURORA currently in circulation. The token's maximum supply is capped at 1B AURORA, ensuring long-term scarcity as adoption grows.

Aurora operates on a sophisticated relayer-based architecture that bridges the Ethereum and NEAR Protocol ecosystems. This design natively supports meta-transactions, allowing for a seamless user experience. When users interact with the Aurora network, they pay gas fees in ETH, while the RPC nodes handle these transactions by paying in NEAR tokens. The technical infrastructure of Aurora includes an EVM (Ethereum Virtual Machine) implementation that runs on the NEAR Protocol, enabling Ethereum developers to deploy their applications with minimal changes. This architecture provides the security and decentralization of NEAR while maintaining full compatibility with Ethereum's tools and smart contracts. Aurora's design prioritizes scalability and low transaction costs while preserving the developer experience of Ethereum. The token itself (AURORA) serves as the governance token for the protocol, allowing holders to participate in decision-making regarding protocol upgrades and parameter changes.

Aurora has an ambitious roadmap focused on expanding its ecosystem within the NEAR Protocol and Ethereum networks. The project aims to enhance its EVM compatibility, improve scalability, and develop more cross-chain functionalities by 2027. Key upcoming developments include advanced DeFi integrations, enhanced governance mechanisms, and improved developer tools to attract more projects to the Aurora ecosystem. With a maximum supply of 1B AURORA tokens, Aurora is positioning itself as a bridge between NEAR and Ethereum ecosystems. The team is working on implementing sharding solutions to increase transaction throughput and reduce fees by 2028. The roadmap also includes plans for expanded partnerships with major Web3 projects, improved staking mechanisms, and enhanced security features to support the growing ecosystem of dApps built on Aurora.