TRON has announced a relationship with blockchain oracle provider Chainlink, replacing its previous provider, WINkLink, with Chainlink Data Feeds, which is a major step for its DeFi ecosystem. The goal of this modification is to improve the security and dependability of TRON’s DeFi applications, including JustLend and JustStable, which collectively oversee a total value locked (TVL) of more than $6.5 billion.
TRON will initially pay for the transaction gas fees and other running expenses related to the Chainlink oracle networks through the new Chainlink integration. Users of decentralized applications (dApps) will eventually progressively bear these expenses, allowing TRON to sustainably maintain and grow its ecosystem.
We anticipate that TRON’s participation in the Chainlink Scale initiative will promote DeFi adoption and ecosystem expansion. TRON DAO community leader Sam Elfarra stressed that the collaboration with Chainlink will boost TRON’s DeFi economy. Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink, underlined this, stating that the partnership will strengthen the decentralized internet and enable TRON developers to create creative DeFi applications.
In a social media post, Justin Sun, the founder of TRON, expressed his excitement for the integration and emphasized how this collaboration creates new opportunities for stablecoin applications and tangible assets. With the help of its memecoin launchpad, SunPump, which brought in $151.2 million in revenue in Q3—a 30% increase from the previous quarter—the memecoin ecosystem on TRON is still expanding as a substantial source of income. The surge in token releases and SunPump transaction activity is a prime example of TRON’s ecosystem’s quick development.
The partnership with Chainlink, a world leader in Oracles with a total secured value of over $26 billion, is expected to fortify TRON’s DeFi application architecture, advancing the network’s future expansion and resilience.
