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

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

– HE Justin Sun (hiring) (@justinsuntron) October 31, 2024

This upgrade is important because it will improve the security of over $6.5 billion locked in decentralized finance (DeFi) on the TRON platform.

Chainlink’s infrastructure enjoys high trust in the crypto space.

Justin Sun Announces TRON Integration with Chainlink SCALE

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

The mission of TRON DAO is to decentralize the Internet through blockchain and decentralized applications (dApps). After the announcement, The price of TRX increased by more than 1.05%.

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

Further explaining the partnership, Justin Sun revealed that as part of this agreement, Chainlink Data Feeds will serve as the primary Oracle provider of TRON DAO. This aligns with TRON DAO’s commitment to Chainlink’s SCALE program..

Meanwhile, the official report Key changes shared for TRON network. For example, the foundation will stop using WINKlink as its Oracle provider.

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

These apps are worth over $6.5 billion. The move to Chainlink will offer secure and accurate pricing data for TRON’s DeFi projects.

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

Recently, Justin Sun also shared updates on TRON memecoins. He believes they are ready for a new phase of growth. This is due to the continued development and strong community support within the TRON network.

Justin Sun believes that if TRX price manages to surpass its previous high, it could trigger a wave of “fear of missing out” (FOMO). This could attract more attention and investment to memecoins on the TRON network..

TRON leverages Chainlink data feeds, backed by Sun and Elfarra, to secure the future of DeFi

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

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

With trusted, decentralized on-chain data, Chainlink enables TRON developers to build the next wave of DeFi applications, 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 fuel its DeFi economy with access to high-quality Chainlink data.

According to him, Chainlink’s unmatched security and reliability make it the ideal Oracle provider for TRON. This choice will allow TRON to focus even more on growth and drive the adoption of blockchain in its ecosystem..

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

These include major platforms such as Ethereum, Solana, BNB Smart Chain, Avalanche and others. Additionally, its data feeds support tens of billions of total value locked across various DeFi protocols.

Chainlink also ensures high 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.