The TRON network has one of the largest Challenge economies of the world and the TRON DAO participates in the Chainlink Scale program to further accelerate the growth and adoption of the ecosystem
GENEVA, October 31, 2024 /PRNewswire/ — TRON DAO, the community-run DAO dedicated to accelerating Internet decentralization through blockchain technology and dAppsand Chainlink, the industry standard decentralized computing platform, today announced that Chainlink Data Feeds will soon become the official data oracle solution for the TRON blockchain ecosystem as part of TRON DAO joining the Chainlink Scale program. TRON DAO will completely stop supporting and relying on WINkLink as the Oracle solution for the TRON blockchain and TRON Challenge the ecosystem will move to Chainlink data feeds for secure and reliable pricing data. Chainlink’s industry-standard data oracles will help secure JustLend and JustStable, the two largest Challenge applications on TRON, representing more than $6.5 billion in TVL.
TRON’s participation in the Chainlink Scale program will accelerate the growth and adoption of the ecosystem by providing developers with sustainable access to high-quality, hyper-reliable Oracle services. TRON will cover certain costs of operating Oracle Chainlink networks (e.g. gas transaction fees) for a period of time, before these costs can become fully covered by dApp user fees as the ecosystem evolves.
“We are excited that TRON has joined the Chainlink Scale program and is adopting Chainlink Data Feeds to further secure TRON’s foundation. Challenge economy. By providing highly reliable, accurate and decentralized On-chain market data, Chainlink will enable developers in the TRON ecosystem to create the next generation Challenge applications and advance the decentralized Internet.”—Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs.
“We have joined the Chainlink Scale program to accelerate the development of TRON Challenge savings by providing developers with access to the industry-leading Data Oracle solution. Chainlink’s unmatched security and reliability made it the obvious choice as TRON’s official Oracle provider. This integration allows us to focus on scaling our ecosystem and further drive mass adoption in the blockchain industry. »—Sam Elfarra, community spokesperson at TRON DAO.
As the most widely adopted Oracle solution in the blockchain industry, the Chainlink platform has helped securely generate over $16 trillion in transaction value and transmit over 15 billion verified messages on-chain through the blockchain ecosystem. Chainlink data feeds actively help secure tens of billions of TVL for hundreds of Challenge protocols, maintaining robust security and high availability even during extreme market volatility and blockchain network congestion.
About Chainlink
Chainlink is the universal platform to pioneer the future of global on-chain markets. Chainlink has activated over 16 trillion dollars in transactional value by providing DAOs, financial institutions, startups and developers around the world with access to real-world data, off-chain computing and secure cross-chain interoperability on any blockchain. Chainlink powers verifiable applications and high-integrity marketplaces for banking services, Challengeglobal trade, gaming and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
About TRON
TRON DAO is a community-run DAO dedicated to accelerating Internet decentralization through blockchain technology and dApps.
Founded in September 2017 by IT Justin SunThe TRON network has continued to deliver impressive achievements since the launch of MainNet in May 2018. July 2018 also marked the integration of BitTorrent, a pioneer in decentralized Web3 services with over 100 million monthly active users. The TRON network has grown in popularity in recent years. Of the October 2024it has over 265 million total user accounts on the blockchain, over 8 billion total transactions and counting 16 billion dollars in total value locked (TVL), as shown on TRONSCAN.
Additionally, TRON hosts the largest circulating supply of USD Attached (USDT) stable coin across the world, surpassing USDT on Ethereum Since April 2021. The TRON network completed its complete decentralization in December 2021 and is now a community-run DAO. Most recently, in October 2022, TRON was designated as the national blockchain of the Commonwealth of Dominica, marking the first time that a major public blockchain has partnered with a sovereign country to develop its national blockchain infrastructure. In addition to government approval to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted status statutory authorized digital currency and medium of exchange in the country.
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SOURCE Chainlink, TRON DAO
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