TRON DAO partners with Chainlink to strengthen the DeFi ecosystem
TRON DAO partners with Chainlink to strengthen the DeFi ecosystem
In a significant advancement for the TRON blockchain, TRON DAO announced today that it is partnering with Chainlink by joining the Chainlink SCALE program. Chainlink’s Data Feeds will become the official data oracle solution for the TRON blockchain ecosystem, replacing WINkLink as the primary oracle provider.
This shift will bring enhanced security and accuracy to the TRON DeFi ecosystem, especially for key DeFi applications like JustLend and JustStable, which collectively hold over $6.5 billion in Total Value Locked (TVL).
"We're excited to join Chainlink," stated Justin Sun, founder of Tron.
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The collaboration with Chainlink marks a strategic step for TRON DAO, as the network ranks among the largest DeFi economies globally. By joining the Chainlink SCALE program, TRON DAO aims to accelerate the network’s growth and adoption. Chainlink’s proven track record in providing reliable and decentralized data services will empower TRON developers to access high-quality oracle solutions, which are essential for developing robust decentralized finance (DeFi) applications. The agreement includes TRON covering certain operational expenses, such as transaction gas fees, for Chainlink oracles in the early stages, eventually transitioning to dApp-based user fees as the ecosystem matures.
Enhancing TRON’s DeFi ecosystem with Chainlink’s technology
The integration of Chainlink Data Feeds provides TRON developers with seamless access to secure and decentralized price data, crucial for creating dependable DeFi applications. Chainlink’s oracles, known for their reliability and precision, help sustain robust security and availability even during periods of high market volatility. By adopting Chainlink’s services, TRON DAO is set to reinforce the foundation of its DeFi economy and encourage developers to build advanced financial applications on its platform.
“We’re thrilled that TRON has joined the Chainlink SCALE program and is adopting Chainlink Data Feeds to further secure the foundation of the TRON DeFi economy,” said Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs. Chainlink’s oracles have been widely adopted across the blockchain industry, with over $16 trillion in transaction value secured and more than 15 billion verified messages delivered onchain, underscoring Chainlink’s influence and reputation in the space.
Supporting a decentralized Internet and expanding global presence
TRON’s mission to accelerate internet decentralization aligns well with Chainlink’s capabilities. The TRON network, founded in 2017 by Justin Sun, boasts an impressive user base, with over 265 million accounts and more than 8 billion transactions as of October 2024. The integration of Chainlink’s oracle technology strengthens TRON’s position as a leading DeFi network, supporting its vision of a decentralized internet powered by blockchain and decentralized applications (dApps).
With the participation in the Chainlink SCALE program, TRON DAO demonstrates its commitment to fostering a more decentralized and transparent internet. This partnership reflects a mutual goal of expanding blockchain technology’s accessibility and reliability, paving the way for TRON to achieve widespread adoption in decentralized finance and other sectors reliant on secure, real-time data.
Earlier, Justin Sun announced that the blockchain network had reached over 265 million registered users, ranking second among all blockchain networks in total value locked (TVL).
