The TRON network boasts one of the most extensive DeFi economies globally, and the TRON DAO is taking significant steps to enhance ecosystem growth and adoption by joining the Chainlink Scale program. This collaboration was announced on October 31, 2024, to further the decentralization of the internet through blockchain and dApps. Chainlink, a leading decentralized computing platform, will now serve as the official data oracle solution for the TRON blockchain ecosystem.
As a result, TRON DAO will phase out its reliance on WINkLink, transferring all support to Chainlink Data Feeds to secure and enhance the TRON DeFi ecosystem with reliable pricing data. Chainlink Data Feeds will play a critical role in securing TRON's major DeFi applications, JustLend and JustStable, which together hold over $6.5 billion in Total Value Locked (TVL). Participating in the Chainlink Scale program is expected to expedite ecosystem growth by offering developers sustainable access to high-quality oracle services.
During an initial transition period, TRON will cover certain operational costs of running Chainlink oracle networks, such as transaction fees, with the anticipation that these expenses will eventually be sustained through dApp user fees. This partnership marks a significant commitment by TRON to use leading technologies for enhancing the security and reliability of on-chain data. The collaboration is celebrated by stakeholders, including Thodoris Karakostas from Chainlink Labs, who emphasized the benefit of delivering precise, decentralized market data to TRON developers.
This integration promises to support the development of next-generation DeFi applications, advancing the broader quest for a decentralized internet. With Chainlink's substantial presence in the blockchain industry, the platform has already facilitated over $16 trillion in transaction value and proven itself as a secure, reliable service. By securing large-scale DeFi protocols with its Data Feeds, Chainlink demonstrates resilience even under difficult market conditions. Chainlink represents a universal solution for connecting real-world data across blockchains, furthering its role in powering high-integrity blockchain applications and markets globally.
TRON DAO, since its establishment by Justin Sun in 2017, has achieved substantial milestones, including decentralization and integration with BitTorrent. As of October 2024, TRON supports a robust user base of over 265 million accounts and has executed more than 8 billion transactions. The network also dominates the USDT stablecoin market, surpassing Ethereum by circulation. In a groundbreaking development, TRON became the national blockchain of the Commonwealth of Dominica in 2022, marking a historic partnership between a public blockchain and a sovereign nation.
This partnership includes issuing Dominica Coin and recognizing several TRON tokens as official digital currencies, an endorsement that signifies TRON's growing influence in the blockchain sphere.
