TRON and Chainlink- TRON DAO Shifts to Chainlink Data Feeds for DeFi Applications
TRON and Chainlink– TRON DAO, recognized as a community-governed decentralized autonomous organization (DAO), has announced a strategic partnership with Chainlink, the leading decentralized computing platform. This collaboration will see Chainlink Data Feeds become the official data oracle solution for the TRON blockchain ecosystem, marking a significant step in TRON’s efforts to decentralize the internet through blockchain technology and decentralized applications (dApps).
Transitioning to Chainlink Data Feeds
As part of this transition, TRON DAO will cease all support for WINkLink as its oracle solution. The shift to Chainlink Data Feeds is aimed at providing secure and reliable pricing data essential for the TRON DeFi ecosystem. Chainlink’s robust data oracles will bolster two of TRON’s largest DeFi applications, JustLend and JustStable, which together manage over $6.5 billion in total value locked (TVL). This strategic move positions TRON to enhance its already significant presence in the global DeFi landscape.
According to the announcement, TRON’s participation in the Chainlink Scale program will facilitate sustainable access to high-quality oracle services, thereby accelerating growth and adoption within the ecosystem. This partnership is crucial for developers seeking reliable data solutions as they build and expand their dApps on the TRON network.
Supporting Operational Costs for Enhanced Adoption
To further support this transition, TRON will initially cover certain operational costs associated with Chainlink’s oracle networks, such as transaction gas fees. This support is designed to ensure a smooth transition to Chainlink Data Feeds and will eventually shift to being fully covered by fees from dApp users as the ecosystem matures. This approach underscores TRON’s commitment to fostering a sustainable and efficient environment for developers and users alike.
Chainlink has already demonstrated its capacity as a trusted oracle solution, having enabled over $16 trillion in transaction value and delivered more than 15 billion verified messages across the blockchain ecosystem. The platform actively secures tens of billions in TVL for various DeFi protocols, maintaining high availability and robust security even during periods of market volatility and congestion.
TRON’s Growth and Achievements
Founded by Justin Sun in September 2017, the TRON network has consistently made strides since its MainNet launch in May 2018. The integration of BitTorrent in July 2018 marked a significant milestone, enhancing TRON’s offerings as a decentralized Web3 service. As of October 2024, TRON has amassed over 265 million user accounts, facilitated over 8 billion transactions, and achieved a total value locked exceeding $16 billion, as reported on TRONSCAN.
Additionally, TRON boasts the largest circulating supply of USD Tether (USDT), surpassing USDT on the Ethereum network since April 2021. The network reached full decentralization in December 2021, reinforcing its status as a community-governed DAO. Furthermore, in October 2022, TRON was designated the “national” blockchain for the Commonwealth of Dominica, showcasing its growing influence on a global scale.
This partnership with Chainlink signifies a pivotal moment for TRON DAO, as it continues to strive for greater decentralization and innovation within the blockchain ecosystem. The collaboration is expected to not only enhance the functionality of TRON’s DeFi applications but also solidify its position as a key player in the broader blockchain landscape.
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