TRON Partners with Chainlink to Strengthen DeFi Ecosystem

Justin Sun, the founder of TRON, has revealed that the company is now a participant in the Chainlink SCALE initiative.

As part of this collaboration , Chainlink Data Feeds will serve as the official oracle for TRON , bolstering the security of over $6.5 billion in total value locked (TVL) within its decentralized finance (DeFi) ecosystem. This partnership also opens new avenues for TRON’s $60 billion ecosystem, which encompasses stablecoins and real-world assets.

TRON DAO, the governing body dedicated to advancing decentralized internet solutions through blockchain technology, announced this strategic integration today. Following the news, the price of TRX surged by over 1.05%. Sun emphasized that Chainlink Data Feeds will replace WINkLink as the oracle service for the network, enhancing the reliability of major DeFi applications such as JustLend and JustStable.

As a key player in the DeFi space, TRON aims to leverage Chainlink’s trusted infrastructure to further accelerate its ecosystem’s growth. Sun believes that if TRX can surpass its previous high, it could ignite a wave of interest in TRON’s memecoins, fueling investments and attention in that area.

Under the SCALE program, TRON will initially absorb some costs related to using Chainlink’s services, such as gas fees, before transitioning to a model where dApp user fees cover these expenses. Thodoris Karakostas from Chainlink Labs expressed enthusiasm about the partnership, noting that it strengthens the foundation of TRON’s DeFi economy.

With Chainlink’s proven oracle technology, which has secured over $16 trillion in transaction value across various blockchain networks, TRON’s DeFi ecosystem is poised for enhanced security and scalability. Sun views this collaboration as a significant step forward in the evolution of decentralized finance on the TRON network.