TRON Teams Up with Chainlink to Secure $6.5B in DeFi TVL, Expanding Its $60B Ecosystem

TRON founder Justin Sun recently announced an important update: TRON has joined Chainlink SCALE. This means Chainlink Data Feeds will now be TRON’s official oracle.

Today’s announcement: @trondao has joined Chainlink Scale, adopting Chainlink Data Feeds as TRON’s official oracle. Once upgraded, $6.5B+ in DeFi TVL will be secured by @chainlink , creating opportunities for Chainlink and TRON’s $60B+ in stablecoins and RWA! pic.twitter.com/ArDkMysuMq

— H.E. Justin Sun🌞(hiring) (@justinsuntron) October 31, 2024

This upgrade is a big deal as it will improve the security of more than $6.5 billion locked in decentralized finance (DeFi) on the TRON platform. 

Chainlink’s infrastructure is well-trusted in the crypto space.

Justin Sun Announces TRON’s Integration with Chainlink SCALE

TRON DAO announced a new partnership with Chainlink, the top platform in decentralized computing.

TRON DAO’s mission is to decentralize the internet through blockchain and decentralized apps (dApps). After the announcement, TRX’s price rose by over 1.05%. 

TRON has a large ecosystem worth $60 billion. This ecosystem includes stablecoins and real-world assets. This partnership aims to strengthen TRON’s position in the blockchain industry.

Explaining more about the partnership, Justin Sun revealed that as part of this deal, Chainlink Data Feeds will serve as TRON DAO’s main Oracle provider. This aligns with TRON DAO’s commitment to Chainlink’s SCALE program.

Meanwhile, the official report shared key changes for TRON’s network. For instance, the foundation will stop using WINKlink as its Oracle provider. 

Instead, TRON’s DeFi ecosystem, including major apps like JustLend and JustStable, will switch to Chainlink.

These applications hold over $6.5 billion in value. The move to Chainlink will offer secure and accurate pricing data for TRON’s DeFi projects.

As one of the largest DeFi networks globally, TRON DAO aims to grow even more. With Chainlink SCALE, it seeks to provide better Oracle solutions for its users.

Recently, Justin Sun also shared updates on TRON’s memecoins. He believes they’re ready for a new growth phase. This is thanks to ongoing development and strong community support within the TRON network.

Justin Sun believes that if TRX’s price can break past its previous peak, it might trigger a wave of “fear of missing out” (FOMO). This could drive more attention and investment toward memecoins on the TRON network.

TRON Taps Chainlink’s Data Feeds, Backed by Sun and Elfarra, for Secure DeFi Future

In the Chainlink SCALE, TRON will cover some early costs, like gas fees for Oracle services. Over time, TRON plans to shift these costs so that fees from dApps will support the Chainlink services.

Thodoris Karakostas, head of blockchain partnerships at Chainlink Labs, expressed excitement about this collaboration. He said this partnership with Chainlink Data Feeds strengthens TRON’s DeFi infrastructure.

With reliable decentralized on-chain data, Chainlink empowers TRON developers to create the next wave of DeFi apps, contributing to the future of a decentralized internet.

Sam Elfarra, Community Spokesperson for TRON DAO, also shared his thoughts. He explained that by joining the Chainlink SCALE program, TRON aims to power its DeFi economy with access to high-quality Chainlink data. 

According to him, the unmatched security and dependability of Chainlink makes it the ideal oracle provider for TRON. This choice will allow TRON to focus even more on growth and driving blockchain adoption across its ecosystem.

Chainlink has become the leading choice for Oracle solutions in blockchain. It has secured transactions worth over $16 trillion and sent more than 15 billion verified messages across different blockchain networks.

These include major platforms like Ethereum, Solana, BNB Smart Chain, Avalanche, and others. Also, its Data Feeds support tens of billions in total value locked across various DeFi protocols.

Chainlink also guarantees strong security and availability, even during high market stress or when blockchains are congested.

According to Justin Sun, this collaboration marks a new phase for TRON’s DeFi ecosystem. It provides a secure and scalable path for the future of decentralized finance on the TRON Network.