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TRON will cover Chainlink Oracle operating costs before gradually transitioning these expenses to dApp users.
Key Takeaways
TRON DAO chooses Chainlink Data Feeds as its official oracle solution, replacing WINkLink. The integration will enhance data security for TRON's DeFi applications and support ecosystem growth. <?xml encoding="UTF-8"?>TRON blockchain is set to integrate Chainlink Data Feeds as its official oracle solution, bringing $6.5 billion in decentralized finance (DeFi) total value locked under Chainlink’s security infrastructure, said Justin Sun at the SmartCon 2024 conference this week.
.@justinsuntron just took the stage at #Smartcon2024, spotlighting TRON’s ecosystem growth.
A highlight of his keynote? ⬇️#TRON is joining the #Chainlink Scale program and adopting #Chainlink Data Feeds as our official oracle solution. pic.twitter.com/aIi0iwYRlV
— TRON DAO (@trondao) October 31, 2024
The integration comes as TRON DAO joins the Chainlink Scale program to enhance data security for its DeFi applications. As part of the strategic collaboration, the TRON blockchain will discontinue its use of oracle solution WINkLink.
TRON’s largest DeFi applications, including JustLend and JustStable, will access price data through Chainlink’s decentralized network of independent node operators. These platforms represent over $6.5 billion in total value locked.
As part of the Chainlink Scale program, TRON will initially cover operating costs, including transaction gas fees, for Chainlink oracle networks until the ecosystem matures enough for dApp user fees to sustain these costs.
Discussing the partnership, Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, believes it will enable TRON developers to build more sophisticated and innovative DeFi applications.
“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. “By delivering highly reliable, accurate, and decentralized market data onchain, Chainlink will further empower TRON ecosystem developers to build next-gen DeFi applications and advance the decentralized internet.”
Sam Elfarra, the Community Spokesperson at TRON DAO, emphasized TRON’s goal to accelerate the growth of its DeFi ecosystem through the collaboration, aiming to provide developers with access to a robust and reliable oracle solution.
“We joined the Chainlink Scale program to accelerate TRON’s DeFi economy by offering developers access to the industry-leading data oracle solution. Chainlink’s unmatched security and reliability made it the clear choice as TRON’s official oracle provider. This integration enables us to focus on scaling our ecosystem and further driving mass adoption in the blockchain industry,” Elfarra said.
Chainlink has facilitated over $16 trillion in transaction value and delivered more than 15 billion verified messages across the blockchain ecosystem. Its Data Feeds currently secure tens of billions in TVL for hundreds of DeFi protocols, the company stated.
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