TRON Joins Chainlink Scale, Adopts Chainlink Data Feeds as Its Official Oracle Solution
Tron founder Justin Sun said the blockchain's integration of Chainlink would present significant opportunities for the two networks to grow in the stablecoin and real-world asset sector.
Tron founder Justin Sun has announced the blockchain’s integration with Chainlink Scale Program, adopting Chainlink Data Feeds as TRON’s official oracle.
According to a recent X post on Oct. 31, Tron has joined the Chainlink Scale Program, aiming to expand its ecosystem by leveraging Chainlink's reliable Oracle services to support the growth of both networks in the stablecoin and real-world asset sector.
As part of this integration, Tron will initially cover certain Chainlink Oracle operating costs, such as transaction gas fees, to support dApp development on Tron. Over time, these costs will gradually shift to dApp users.
This transition will also see Tron phasing out its existing Oracle solution, WINkLink, in favor of Chainlink’s Data Feeds.
Chainlink's data feed is an essential blockchain tool that connects smart contracts and real-world data, like asset prices. The Oracle network ensures reliable data delivery by gathering information from various sources through a decentralized network of independent node operators.
Several DeFi applications across different blockchain networks, including Ethereum, rely on this price feed to ensure smooth operations of their services.
The shift means that Tron’s flagship DeFi platforms, including JustLend and JustStable, holding around $6.5 billion in total value locked (TVL), can access reliable pricing data through Chainlink's platform.
Thodoris Karakostas, Head of Blockchain at Chainlink Labs, highlighted the role of Data Feeds in fortifying Tron’s DeFi economy. He stated:
“By delivering highly reliable, accurate, and decentralized market data onchain, Chainlink will further empower TRON ecosystem developers to build next-gen DeFi applications and advance the decentralized internet.”
Sam Elfarra, a spokesperson for Tron DAO Community, expressed optimism about the program's impact, stating that it will drive the network's DeFi sector forward. He highlighted that developers will now gain access to high-quality data oracle solutions to support the network’s ecosystem expansion and adoption goals.
Mentioned in this article
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
Liam 'Akiba' Wright
Also known as "Akiba," Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that decentralized technology has the potential to make widespread positive change.
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