TRON DAO, one of the largest blockchain communities, has joined the Chainlink SCALE program to enhance its DeFi ecosystem.
TRON DAO Strengthens Its DeFi Ecosystem
TRON DAO selected Chainlink as the source for providing reliable and decentralized data for its DeFi ecosystem, overseeing 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," commented Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink.
Features of the Chainlink SCALE Program
The Chainlink SCALE program offers TRON DAO access to Chainlink's oracle services at economically justified costs. TRON DAO will cover operational expenses such as transaction fees, which will eventually be covered by user fees. This cost-sharing structure lowers the financial burden for developers.
Growing Influence of TRON DAO and Chainlink
Despite challenges in the crypto industry, TRON continues to expand its influence, competing with leading blockchains in terms of financial performance. In Q3 2024, TRON generated $577 million. Chainlink is expanding its presence not only through its partnership with TRON but also through collaborations with financial institutions such as Euroclear and Swift.
The partnership between TRON DAO and Chainlink strengthens both players' positions in the DeFi and financial sectors, offering secure, cost-effective solutions for blockchain technology development and implementation.
