TRON DAO has joined the Chainlink SCALE program to leverage decentralized oracles for its DeFi ecosystem, aiming to enhance market stability and security using Chainlink's reliable data.
TRON DAO Chooses Chainlink for Data Support
TRON DAO has joined the Chainlink SCALE program and will use Chainlink's Data Feeds for pricing data, replacing its previous oracle, WINkLink. Chainlink's decentralized oracle services will be integrated into the TRON ecosystem, which supports over $7.1 billion in total value locked (TVL).
Chainlink SCALE Program and Its Benefits
The Chainlink SCALE program is designed to provide blockchain ecosystems with access to industry-standard oracle services at sustainable costs. By joining SCALE, TRON DAO will cover specific operational expenses like transaction gas fees, which will eventually be supported by dApp user fees as the ecosystem grows.
TRON DAO's Impact on the Crypto Industry
Despite challenges in the current crypto environment, TRON continues to expand its influence, recording significant quarterly revenues and competing with major blockchains such as Bitcoin and Ethereum. In Q3 2024, TRON generated $577 million in revenue.
The partnership between TRON and Chainlink aims to significantly strengthen the DeFi ecosystem through reliable data channels and a sustainable economic model, enhancing market stability and security for developers and users alike.
