The post TRON Partners With Chainlink, Here’s What To Know appeared on BitcoinEthereumNews.com.

Justin Sun, founder of TRON, announced that his company has joined Chainlink SCALE, with Chainlink Data Feeds now set to become the official oracle for the foundation. This strategic upgrade will enhance the security of over $6.5 billion in DeFi total value locked (TVL) on this blockchain platform through Chainlink’s trusted infrastructure, while also creating new opportunities for it’s extensive $60 billion ecosystem of stablecoins and real-world assets. TRON DAO Integrates Chainlink Data Feeds, Ditches WINkLink Today, TRON DAO, the decentralized autonomous organization leading the organization’s mission in decentralizing the internet via blockchain and dApps, announced a strategic partnership with Chainlink, the leading decentralized computing platform. The TRX price jumped over 1.05% after the announcement. The platform’s founder, Justin Sun explained that as part of the collaboration, Chainlink Data Feeds will act as the official oracle service provider on the DAO’s blockchain ecosystem as part of it’s commitment to the Chainlink SCALE program. Today’s announcement: @trondao has joined Chainlink Scale, adopting Chainlink Data Feeds as TRON’s official oracle. Once upgraded, $6.5B+ in DeFi TVL will be secured by @chainlink , creating opportunities for Chainlink and TRON’s $60B+ in stablecoins and RWA! pic.twitter.com/ArDkMysuMq — H.E. Justin Sun🌞(hiring) (@justinsuntron) October 31, 2024 According to the official report, this means that the foundation will no longer support WINkLink as the oracle solution of the network, and it’s DeFi landscape-which includes big applications such as JustLend and JustStable with more than $6.5 billion in total value locked-are transitioning to Chainlink for secure and precise pricing data. As one of the world’s biggest DeFi networks, this decentralized autonomous organization now seeks to further accelerate ecosystem expansion with Chainlink SCALE by providing more reliable and high-quality Oracle solutions. Sun also recently said that Tron memecoins are ready for a new cycle of growth, supported by continuous…

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Filed under: News - @ October 31, 2024 8:21 am