DeFi

Impact

TRON

Security

Chainlink

<ul class="wp-block-list">
 <li>TRON’s $6.5B DeFi ecosystem is now safeguarded by Chainlink oracles, boosting reliability and data security for DeFi platforms.</li>  
 <li>TRON’s switch to Chainlink empowers JustLend and JustStable with accurate, secure data feeds, fueling DeFi growth and innovation.</li>  
 <li>Chainlink integration on TRON backs its user growth with scalable, trusted data solutions, supporting over 268M accounts daily.</li> 
</ul>  
<p>TRON DAO has joined Chainlink’s Scale program, using Chainlink Data Feeds as TRON’s official Oracle solution. With this integration, TRON’s $6.5 billion DeFi ecosystem will gain enhanced data security and reliability. This move marks TRON’s transition from the WINkLink oracle to <a href="https://cryptonewsland.com/chainlink-build-welcomes-metaline-x-boosting-decentralized-gaming/" target="_blank" rel="noopener noreferrer nofollow">Chainlink’s decentralized node network</a>.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/justinsuntron/status/1851885789116039226
 </div>
</figure>  
<p>Furthermore, TRON’s largest DeFi platforms, JustLend and JustStable, will access Chainlink’s secure, accurate market data, helping to support more sophisticated decentralized finance (DeFi) applications.</p>  
<h2 class="wp-block-heading" id="h-tron-and-chainlink-partnership-strengthening-defi-security">TRON and Chainlink Partnership: Strengthening DeFi Security</h2>  
<p>Through the Chainlink Scale program, TRON will initially manage Chainlink’s operating costs, including gas fees. Eventually, user fees will sustain these expenses, supporting ecosystem maturity. This collaboration aligns with TRON’s commitment to expanding its <a href="https://tron.network/" target="_blank" rel="noopener noreferrer nofollow">DeFi ecosystem </a>while addressing data reliability.&nbsp;</p>  
<p>Sam Elfarra, Community Spokesperson for TRON DAO, emphasized TRON’s focus on scaling and mass adoption through Chainlink’s proven security. He said the decision to partner with Chainlink provides TRON developers with a trusted oracle solution that bolsters DeFi security.</p>  
<p>Furthermore, by facilitating easy access to real-time data, TRON's connection with Chainlink seeks to hasten the adoption of DeFi apps. Thodoris Karakostas, Head of Blockchain Partnerships at TRON, thinks developers will be empowered by Chainlink's decentralized data. "Chainlink will help TRON developers progress the decentralized internet by providing highly dependable, decentralized data," Karakostas said.</p>  
<h2 class="wp-block-heading" id="h-strategic-impact-of-tron-and-chainlink-s-collaboration">Strategic Impact of TRON and Chainlink’s Collaboration</h2>  
<p>As Chainlink continues to grow, the TRON partnership <a href="https://cryptonewsland.com/chainlink-partners-with-suho-io-to-expand/" target="_blank" rel="noopener noreferrer nofollow">could boost LINK token adoption</a>, thanks to TRON’s expansive user base. TRON currently supports over 268 million accounts and records a daily active address count exceeding 2.28 million.&nbsp;</p>  
<p>This substantial engagement makes TRON an essential partner for Chainlink’s growth. Additionally, the TRON network boasts a stablecoins market cap of more than $60 billion, which enhances the ecosystem’s liquidity and overall value.</p>  
<p>In a broader context, Chainlink’s recent integrations with entities like Euroclear and Swift highlight the oracle’s role in creating unified data standards. This partnership aims to bring corporate data on-chain by<a href="https://cryptonewsland.com/how-algorands-ppos-and-ai-inference-are-revolutionizing-blockchain-technology/" target="_blank" rel="noopener noreferrer nofollow"> merging blockchain technology with AI</a>, Hyperledger Besu, Avalanche, and ZKsync. Besides enhancing data accuracy, it addresses the industry’s need for standardized, real-time data.</p> 
<p>The post <a href="https://cryptonewsland.com/trons-defi-revolution-chainlink-partnership-brings-real-time-data-and-unmatched-security/" rel="noopener noreferrer nofollow">TRON’s DeFi Revolution, Chainlink Partnership Brings Real-Time Data and Unmatched Security</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

TRON’s DeFi Revolution, Chainlink Partnership Brings Real-Time Data and Unmatched Security

Table of Contents

Crypto News Land

Other articles published on Nov 1, 2024

6 Elite Bitcoin Cloud Mining Investment Platforms for Stable Passive Income

The Role of Homnifi in Community Building

Solana Price Weakens Despite Record User Growth, What's Going On?

Will Crypto Markets Recover When $2B Bitcoin Options Expire Today?

Canary Capital Files for a Spot Solana ETF in the U.S.

Sui Announces Integration with Google Cloud to Boost Real-Time Blockchain Data Access

Join our free newsletter for daily crypto updates!