TL;DR
- TRON partners with Chainlink to integrate its data feeds and reinforce DeFi security.
- The integration benefits TRON’s dApps, improving smart contract reliability.
- The collaboration includes the Chainlink Scale program, reducing costs for TRON developers on the network.
TRON has announced its integration with Chainlink, a leading blockchain oracle provider, aiming to enhance security and reliability in its decentralized finance (DeFi) applications.
This partnership will allow TRON to implement Chainlink’s data feeds into its ecosystem, ensuring that its largest dApps, like JustLend and JustStable, receive accurate and secure data for executing transactions reliably and without manipulation risks.
The information, initially published at SmartCon 2024, highlights that this Chainlink integration comes at a time when the demand for secure and efficient data infrastructure is increasing, especially for DeFi applications.
By joining Chainlink’s Scale program, TRON will also temporarily cover operational costs and gas fees on the network, a strategy aimed at attracting more developers to the TRON ecosystem without the burden of upfront financial barriers.
With this collaboration, TRON aims to reinforce the security of approximately $6.5 billion in total value locked (TVL) within its DeFi ecosystem.
By relying on Chainlink, TRON joins a list of major blockchain networks that use its oracles to access external data securely.
This represents a significant step for TRON, which in recent years has sought to establish itself as one of the most solid platforms in the DeFi space, despite facing certain regulatory and reputational challenges.
Boosting DeFi Growth on TRON
The integration of Chainlink into TRON not only increases security but also paves the way for greater development within its ecosystem.
The initial coverage of operational costs fosters innovation and allows developers to focus on creating advanced DeFi applications that leverage Chainlink’s decentralized data feeds without immediate financial concerns.
The collaboration also highlights the growing influence of Chainlink in the blockchain industry, as its data oracles have facilitated more than $16 trillion in transactions for various platforms within the DeFi space, as announced at the SmartCon event.
These data feeds are essential for maintaining the integrity of smart contracts by ensuring they receive accurate pricing and other relevant data, thereby reducing manipulation and fraud risks.
Moreover, this alliance contributes to the expansion of TRON’s DeFi economy, allowing it to compete with other major networks.
In the words of Justin Sun, founder of TRON, this advancement strengthens its infrastructure and creates new opportunities for both Chainlink and the $60 billion in stablecoins and real-world assets (RWA) on its network.
Despite controversies surrounding TRON and its founder in the past, the platform has demonstrated a sustained commitment to innovation and service improvement.
This partnership with Chainlink not only underscores the relevance of oracles in the blockchain world but also reaffirms TRON’s dedication to providing safe and effective solutions for its users and developers.
