{"id":98631,"date":"2024-10-31T06:54:56","date_gmt":"2024-10-31T10:54:56","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=98631"},"modified":"2024-10-31T06:55:00","modified_gmt":"2024-10-31T10:55:00","slug":"tron-collaborates-with-chainlink-what-to-know","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tron-collaborates-with-chainlink-what-to-know\/","title":{"rendered":"TRON Collaborates With Chainlink, Here\u2019s What To Know"},"content":{"rendered":"\n

TRON has become a member of Chainlink SCALE<\/a>, and Chainlink Data Feeds will now serve as the foundation's official oracle.<\/p>\n\n\n\n

\"TRON
TRON Collaborates With Chainlink, Here\u2019s What To Know<\/em><\/figcaption><\/figure>\n\n\n\n

Justin Sun, the founder of TRON\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, has announced that his company has joined Chainlink SCALE. Chainlink Data Feeds will now serve as the foundation's official oracle.<\/p>\n\n\n\n

This strategic upgrade will improve the security of over $6.5 billion in DeFi total value locked (TVL) on this blockchain platform by leveraging Chainlink's trusted infrastructure. Additionally, it will generate new opportunities for its extensive $60 billion ecosystem of stablecoins and real-world assets.<\/p>\n\n\n\n

TRON DAO Disconnects WINkLink and Integrates Chainlink Data Feeds<\/strong><\/h3>\n\n\n\n

Today, TRON DAO, the decentralized autonomous organization dedicated to decentralizing the internet through blockchain and dApps, announced a strategic partnership with Chainlink, the premier decentralized computing platform. Following the announcement, the TRX price<\/a> experienced a surge of over 1.05%.<\/p>\n\n\n\n

Justin Sun, the platform's founder, stated that Chainlink Data Feeds will serve as the official Oracle service provider for the DAO's blockchain ecosystem as part of the collaboration. This is by the company's dedication to the Chainlink SCALE program.<\/p>\n\n\n\n

The official report indicates that the foundation will no longer endorse WINkLink as the network's oracle solution. The DeFi landscape, which includes significant applications like JustLend and JustStable, which have a total value of over $6.5 billion locked, is transitioning to Chainlink for secure and precise pricing data.<\/p>\n\n\n\n

This decentralized autonomous organization, which is one of the largest DeFi networks in the world, is currently endeavoring to expedite the expansion of the ecosystem by offering Oracle solutions that are both high-quality and reliable through Chainlink SCALE.<\/p>\n\n\n\n

Sun also recently stated that Tron memecoins are prepared for a new growth cycle, facilitated by a high degree of community involvement and continuous development in the Tron network.<\/p>\n\n\n\n

He believes that a wave of FOMO could be generated to attract attention and investment in meme currencies on Tron if TRX can surpass its previous peak.<\/p>\n\n\n\n

Developing the Next Generation of DeFi Applications<\/strong><\/h3>\n\n\n\n

During the initial phase of the SCALE program, TRON will provide partial reimbursement for the expenses associated with the Chainlink network, including petrol fees for Oracle services. Over time, the ecosystem will transition to a model in which the user fees from dApps cover the costs.<\/p>\n\n\n\n

Thodoris Karakostas, the manager of blockchain partnerships at Chainlink Labs, expressed his enthusiasm for the collaboration and stated that the adoption of Chainlink Data Feeds and this partnership will strengthen the foundational layer of the foundation's DeFi economy.<\/p>\n\n\n\n

\n

\u201cWith dependable, decentralized on-chain market data, Chainlink empowers TRON developers to build the next wave of DeFi applications, helping to shape the decentralized internet.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

In the same vein, Sam Elfarra, the Community Spokesperson for TRON DAO, elaborated on the matter:<\/p>\n\n\n\n

\n

\u201cBy joining the Chainlink SCALE program, the platform is aiming to enable its DeFi economy with a wide range of developers harnessing the power of leading industry Chainlink data oracle. The security and reliability unrivaled by anyone made Chainlink the perfect choice as our official Oracle provider, saving us on that level and allowing us to put more effort into adopting blockchain by fostering growth in our ecosystem.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Chainlink is currently securing TRON's DeFi ecosystem<\/strong><\/h3>\n\n\n\n

Chainlink<\/a> became the industry standard for Oracle solutions. It has verified over 15 billion communications across multiple blockchain networks and secured over $16 trillion in transaction value. This encompasses Ethereum, Solana, BNB Smart Chain, Avalanche, and other cryptocurrencies.<\/p>\n\n\n\n

Tens of billions of TVL are also supported by its Data Feeds for a diverse array of DeFi protocols<\/a>. Even with blockchain congestion and extreme market stress, it guarantees exceptional security and availability.<\/p>\n\n\n\n

The Sun reports that the collaboration marks the beginning of a new chapter in the organization's DeFi ecosystem, which will establish a secure and scalable path for the future of decentralized finance on the TRON Network.<\/p>\n","protected":false},"excerpt":{"rendered":"

TRON has become a member of Chainlink SCALE, and Chainlink Data Feeds will now serve as the foundation’s official oracle. Justin Sun, the founder of TRON , has announced that his company has joined Chainlink SCALE. Chainlink Data Feeds will now serve as the foundation’s official oracle. This strategic upgrade will improve the security of […]<\/p>\n","protected":false},"author":59,"featured_media":91799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[852,22640,144],"class_list":["post-98631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chainlink","tag-defi-protocols","tag-tron"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/images-11-4.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=98631"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/91799"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=98631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=98631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=98631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}