TRON DAO announced a significant partnership with Chainlink as part of the SCALE program, utilizing Chainlink's data to fortify their DeFi ecosystem.
TRON Strengthens Its DeFi Ecosystem
TRON DAO, one of the largest blockchain ecosystems globally, joined the Chainlink SCALE program. TRON will also use Chainlink's Data Feeds for its pricing data needs, replacing WINkLink as its previous oracle. The blockchain network will also use Chainlink's decentralized oracle services in its DeFi ecosystem, which supports over $7.1 billion in total value locked (TVL). “By delivering highly reliable, accurate, and decentralized market data on-chain, Chainlink will further empower TRON ecosystem developers to build next-gen DeFi applications,” Chainlink’s Head of Blockchain Partnerships, Thodoris Karakostas, commented.
What is Chainlink SCALE
The Chainlink SCALE program is designed to provide blockchain ecosystems with access to Chainlink’s industry-standard oracle services at sustainable costs. By joining SCALE, TRON DAO will cover specific operational expenses, such as transaction gas fees, which will eventually be supported by dApp user fees as the ecosystem grows. This cost-sharing structure will reportedly benefit developers by reducing their operating costs, enabling them to use Chainlink’s oracle services without financial strain.
TRON DAO's Growing Influence
Despite challenges in the current crypto environment, TRON continued to expand its influence. TRON generated $577 million in revenue in Q3 2024 alone. Staking contributed 74% of this revenue, while 26% came from token burning.
The collaboration between TRON and Chainlink in the SCALE program underscores the importance of reliable oracles for the development and security of decentralized financial ecosystems. This partnership is expected to stimulate the creation of new DeFi applications and strengthen TRON's position in the blockchain technology market.
