Tron’s DeFi ecosystem set for a boost with Chainlink collaboration

Share This Post

Tron founder Justin Sun said the blockchain’s integration of Chainlink would present significant opportunities for the two networks to grow in the stablecoin and real-world asset sector.

In an Oct. 31 post on X, Sun stated:

“[Tron] 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!”

Through the Chainlink Scale Program, Tron aims to expand its ecosystem by leveraging Chainlink’s reliable Oracle services.

To support this integration, Tron will initially cover certain Chainlink Oracle operating costs, such as transaction gas fees. Over time, these costs will gradually shift to dApp users.

This transition means that Tron will soon phase out its existing Oracle solution, WINkLink, in favor of Chainlink’s Data Feeds.

Chainlink’s data feed is an essential blockchain tool that connects smart contracts and real-world data, like asset prices. The Oracle network ensures reliable data delivery by gathering information from various sources through a decentralized network of independent node operators.

Several DeFi applications across different blockchain networks, including Ethereum, rely on this price feed to ensure smooth operations of their services.

The shift means that Tron’s flagship DeFi platforms, including JustLend and JustStable, holding around $6.5 billion in total value locked (TVL), can access reliable pricing data through Chainlink’s platform.

Thodoris Karakostas, Head of Blockchain at Chainlink Labs, emphasized the role of Data Feeds in fortifying Tron’s DeFi economy. He remarked:

“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, a spokesperson for Tron DAO Community, expressed optimism about the program’s impact, stating that it will drive the network’s DeFi sector forward. He highlighted that developers will now gain access to high-quality data oracle solutions to support the network’s ecosystem expansion and adoption goals.

The post Tron’s DeFi ecosystem set for a boost with Chainlink collaboration appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Despite Bitcoin’s Decline, Tom Lee Maintains BTC Will Still Be the Year’s Best Bet

Fundstrat co-founder and managing partner Tom Lee remains highly optimistic about bitcoin’s trajectory this year, emphasizing that his team has identified BTC as their top

XRP Price To $110? Bollinger Bands Creator Reveals Why It Will Become A Market Leader

The XRP price could be staging a parabolic rally to new all-time highs of $110 While an analyst shares a technical analysis to back this ambitious target, Bollinger Bands creator John Bollinger

XRP Price Watch: Bulls Eye $3.00 as Key Support Holds

XRP is currently trading at $240, with a market capitalization of $140 billion, a 24-hour trade volume of $295 billion, and an intraday price range of $234 to $247, as technical indicators suggest

Lightchain AI to Confirm Centralized Exchange Listings Soon

This content is provided by a sponsor PRESS RELEASE The crypto world is buzzing, and it’s not hard to see why Lightchain AI (LCAI), a cutting-edge AI-powered blockchain token, is gearing up for a

Why is Toncoin (TON) Rising Today?

The post Why is Toncoin (TON) Rising Today appeared first on Coinpedia Fintech News Today, March 16, 2025, Toncoin (TON) is making waves in the cryptocurrency market following the release of Telegram

Vaneck’s New ETF Proposal Aims to Bring Avalanche’s AVAX to Traditional Markets

Asset manager Vaneck has filed with the US Securities and Exchange Commission (SEC) to launch the Vaneck Avalanche ETF, a first-of-its-kind fund designed to track the market price of AVAX, the native