TRON DAO, one of the world's largest blockchain ecosystems, has joined the Chainlink SCALE program. TRON will employ Chainlink's data feeds for pricing needs, replacing WINkLink as its previous oracle. This move aims to fortify the network's DeFi ecosystem, which supports over $7.1 billion in total value locked (TVL).
TRON’s DeFi Ecosystem Seeks Stability and Security
The TRON network is known for its robust DeFi ecosystem, anchored by popular platforms like JustLend and JustStable, which depend on secure and accurate pricing data. Chainlink emerged as a clear choice for TRON in its efforts to reinforce its DeFi architecture because of its reputation as a reliable and decentralized data provider.
Inside the Chainlink SCALE Program
The Chainlink SCALE program is designed to provide blockchain ecosystems access to Chainlink’s industry-standard oracle services at sustainable costs. By joining SCALE, TRON DAO will cover specific operational expenses. As the ecosystem expands, developers will be able to use Chainlink’s oracle services without financial strain, with costs being gradually covered by user fees from dApps.
TRON DAO’s Rising Influence
Despite challenges in the current crypto environment, TRON continues to expand its influence, marking significant quarterly revenues and competing with major blockchains like Bitcoin and Ethereum. In Q3 2024 alone, TRON generated $577 million in revenue—a record-breaking figure for the network. Staking contributed 74% of this revenue, while 26% came from token burning.
The partnership between TRON and Chainlink strengthens both parties and showcases the importance of decentralized data in the modern DeFi landscape. With these innovations, TRON is poised not only to stabilize its ecosystem but also to maintain competitiveness on a global scale.
