- TRON’s $6.5B DeFi ecosystem is now safeguarded by Chainlink oracles, boosting reliability and data security for DeFi platforms.
- TRON’s switch to Chainlink empowers JustLend and JustStable with accurate, secure data feeds, fueling DeFi growth and innovation.
- Chainlink integration on TRON backs its user growth with scalable, trusted data solutions, supporting over 268M accounts daily.
TRON DAO has joined Chainlink’s Scale program, using Chainlink Data Feeds as TRON’s official Oracle solution. With this integration, TRON’s $6.5 billion DeFi ecosystem will gain enhanced data security and reliability. This move marks TRON’s transition from the WINkLink oracle to Chainlink’s decentralized node network.
Furthermore, TRON’s largest DeFi platforms, JustLend and JustStable, will access Chainlink’s secure, accurate market data, helping to support more sophisticated decentralized finance (DeFi) applications.
TRON and Chainlink Partnership: Strengthening DeFi Security
Through the Chainlink Scale program, TRON will initially manage Chainlink’s operating costs, including gas fees. Eventually, user fees will sustain these expenses, supporting ecosystem maturity. This collaboration aligns with TRON’s commitment to expanding its DeFi ecosystem while addressing data reliability.
Sam Elfarra, Community Spokesperson for TRON DAO, emphasized TRON’s focus on scaling and mass adoption through Chainlink’s proven security. He said the decision to partner with Chainlink provides TRON developers with a trusted oracle solution that bolsters DeFi security.
Furthermore, by facilitating easy access to real-time data, TRON’s connection with Chainlink seeks to hasten the adoption of DeFi apps. Thodoris Karakostas, Head of Blockchain Partnerships at TRON, thinks developers will be empowered by Chainlink’s decentralized data. “Chainlink will help TRON developers progress the decentralized internet by providing highly dependable, decentralized data,” Karakostas said.
Strategic Impact of TRON and Chainlink’s Collaboration
As Chainlink continues to grow, the TRON partnership could boost LINK token adoption, thanks to TRON’s expansive user base. TRON currently supports over 268 million accounts and records a daily active address count exceeding 2.28 million.
This substantial engagement makes TRON an essential partner for Chainlink’s growth. Additionally, the TRON network boasts a stablecoins market cap of more than $60 billion, which enhances the ecosystem’s liquidity and overall value.
In a broader context, Chainlink’s recent integrations with entities like Euroclear and Swift highlight the oracle’s role in creating unified data standards. This partnership aims to bring corporate data on-chain by merging blockchain technology with AI, Hyperledger Besu, Avalanche, and ZKsync. Besides enhancing data accuracy, it addresses the industry’s need for standardized, real-time data.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
