TL;DR
- Tron replaces WinkLink with Chainlink as its oracle provider to strengthen DeFi security.
- The migration to Chainlink covers key applications like JustLend and JustStable, with $6.5 billion in TVL.
- The network initially covers Chainlink costs to drive the adoption of high-quality services in its ecosystem.
Tron has announced that it will replace its current data oracle provider, WinkLink, with Chainlink, as part of a strategy to strengthen the security and reliability of its DeFi ecosystem, which includes key applications like JustLend and JustStable, together amassing a total value locked (TVL) of over $6.5 billion.
The transition to Chainlink’s oracles aims to offer more precise and robust pricing data for Tron network users while also promoting a more reliable service infrastructure suited to the development of decentralized applications.
Zero Initial Cost for Users
The migration is part of the incorporation of TRX into the Chainlink Scale program, an initiative that aims to facilitate access to high-quality oracle services for expanding blockchain ecosystems. By joining this program, Tron commits to initially covering some of the operational costs that Chainlink’s oracles demand, such as gas fees, while a long-term strategy is designed for these expenses to gradually be assumed by decentralized application (DApp) users on the network. Through this measure, TRX seeks to ensure a reliable data flow that allows developers to innovate and build advanced DeFi applications, supporting the goal of decentralization.
Thodoris Karakostas, who leads blockchain partnerships at Chainlink Labs, mentioned that the integration will not only provide high-precision data but also equip Tron developers with the necessary tools to create next-generation applications in the DeFi sector.
Tron Seeks Chainlink Oracles’ Reliability and Security
The partnership will mark an important step in developing a decentralized and secure ecosystem. Sam Elfarra, a representative of the Tron DAO community, highlighted that this decision reinforces the network’s commitment to expanding its DeFi economy, as Chainlink’s oracles are widely recognized for their reliability and security.
The Boost from PumpFun
The announcement was also supported by Tron’s founder, Justin Sun, who stated that this partnership opens additional opportunities for integrating real assets and TRX-based stablecoins. Alongside this infrastructure advancement, the network has seen a significant increase in revenue driven by activity on its token launch platform, SunPump, which has contributed to TRX revenue reaching a peak of $151.2 million in the third quarter of 2024, a 30% increase compared to the previous quarter
