TRON DAO, which claims to be the “community-governed” DAO dedicated to accelerating the decentralization of the internet via blockchain tech and dApps, and Chainlink, the “standard” decentralized computing platform, announced that Chainlink Data Feeds will become the official data oracle solution for the TRON blockchain ecosystem as “part of TRON DAO joining the Chainlink Scale program.”
TRON DAO will “fully” discontinue support to and reliance on WINkLink as the oracle solution for the TRON blockchain, and the TRON DeFi ecosystem will move to Chainlink Data Feeds for secure and reliable pricing data.
Chainlink’s data oracles will help secure JustLend and JustStable—the two largest DeFi applications on TRON, representing over $6.5 billion in TVL.
The TRON network has one of the “largest” DeFi economies in the world and the TRON DAO is participating in the Chainlink Scale program to further accelerate ecosystem growth and adoption.
TRON’s participation in the Chainlink Scale program will now aim to accelerate ecosystem growth and adoption by providing developers with sustainable “access to high-quality and hyper-reliable oracle services.”
TRON will cover “certain operating costs” of Chainlink oracle networks (e.g., transaction gas fees) for a period of time, before such costs can transition to being “fully covered by dApp user fees as the ecosystem matures.”
As the oracle solution for the blockchain industry, the Chainlink platform has securely enabled $16+ trillion in transaction value and delivered more than 15+ billion verified messages onchain “across the blockchain ecosystem. Chainlink Data Feeds actively help secure tens of billions in TVL for hundreds of DeFi protocols, maintaining robust security and high availability even during extreme market volatility and blockchain network congestion.”
As mentioned in the announcement, Chainlink is the platform for supporting the future of markets onchain.
Chainlink has enabled $16 trillion+ in transaction value by providing DAOs, financial institutions, startups, and developers with “access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain.”
Chainlink powers verifiable apps and markets for banking, DeFi, global trade, gaming, and other sectors.
As noted in the update, TRON DAO is described as a community-governed DAO dedicated to enabling the “decentralization” of the internet via blockchain technology and dApps.
Founded in September 2017 by Justin Sun, the TRON network has continued to deliver achievements since MainNet launch in May 2018. July 2018 also marked the integration of BitTorrent, a decentralized Web3 service.
The TRON network has reportedly gained traction in recent years. As of October 2024, it has 265+ million total user accounts on the blockchain, 8 billion+ total transactions, and $16 billion+ in total value locked (TVL), as reported on TRONSCAN.
In addition, TRON hosts the “largest circulating supply” of USD Tether (USDT) stablecoin, overtaking USDT on Ethereum since April 2021.
The TRON network reportedly completed “full” decentralization in December 2021 and is said to be a “community-governed” DAO.
In October 2022, TRON was designated as the “national” blockchain for the Commonwealth of Dominica.
