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TRON Taps Chainlink in $6.5bn DeFi Security Push

TRON Taps Chainlink in $6.5bn DeFi Security Push

Nov, 01 2024 14:40
TRON Taps Chainlink in $6.5bn DeFi Security Push

TRON has announced a strategic partnership with Chainlink. The blockchain platform will integrate Chainlink's data feeds across its ecosystem. This marks a significant shift in TRON's infrastructure strategy.

The integration aims to enhance security for TRON's decentralised finance applications. Major platforms including JustLend and JustStable will transition to Chainlink's oracle services. These services provide critical off-chain data for smart contract operations.

Justin Sun, TRON's founder, highlighted the scale of the integration. "TronDAO has joined Chainlink Scale, adopting Chainlink Data Feeds as TRON's official oracle," he said. The move will secure more than $6.5bn in total value locked within TRON's DeFi ecosystem.

The announcement emerged during SmartCon 2024. Chainlink revealed substantial transaction volumes at the event. Its data feeds have facilitated more than $16tn in blockchain transactions. The service currently secures tens of billions in locked value across various protocols.

The partnership replaces TRON's previous oracle solution, WINkLink. Chainlink's infrastructure will now handle price data delivery and manipulation risk protection. This positions TRON alongside other major blockchains using Chainlink's services.

Cost considerations feature prominently in the arrangement. TRON will initially subsidise operational expenses through Chainlink's Scale programme. These costs include transaction gas fees for oracle networks. The subsidy will continue until application usage reaches self-sustaining levels.

Thodoris Karakostas, head of blockchain partnerships at Chainlink Labs, emphasised the technical benefits. "By delivering highly reliable, accurate, and decentralised market data onchain, Chainlink will further empower TRON ecosystem developers," he said. The focus remains on supporting next-generation DeFi applications.

The TRON community voiced strong support for the transition. "We joined the Chainlink Scale program to accelerate TRON's DeFi economy," said Sam Elfarra, community spokesperson at TRON DAO. The move provides developers access to leading oracle solutions.

Chainlink continues to expand its institutional partnerships. Recent collaborations include Swiss Taurus for market pricing and reference data services. The company has established itself as a dominant force in blockchain data infrastructure.

The integration represents a significant technical upgrade for TRON. It demonstrates the platform's focus on infrastructure development. The move comes despite occasional regulatory scrutiny of founder Justin Sun.

TRON maintains substantial market presence. Its ecosystem includes more than $60bn in stablecoins and real-world assets. The Chainlink integration suggests continued commitment to technical advancement.

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