cryptonews.net
TRON has announced a major partnership with Chainlink, joining a growing list of ecosystems integrating Chainlink Data Feeds, among other services. The move signals a significant upgrade to TRON’s infrastructure as it aims to improve the security and reliability of its DeFi offerings. Chainlink Data Feeds are a vital part of decentralized finance (DeFi), providing accurate and reliable price data to decentralized applications (dApps).
Using these data feeds, TRON’s largest DeFi applications, including JustLend and JustStable, can rely on a trusted off-chain data source to securely execute transactions and execute smart contracts. During the SmartCon 2024 conference, Chainlink revealed that Chainlink Data Feeds currently powers tens of billions in TVL for various DeFi protocols. The service has also reportedly facilitated over $16 trillion in transactions across the blockchain ecosystem. Chainlink Data Feeds helps secure smart contracts by providing important price data while protecting it from manipulation risks.
As such, this partnership replaces TRON’s previous oracle solution, WINkLink, with Chainlink’s infrastructure, which is presented as reliable and trustworthy. Additionally, the integration puts TRON on par with several well-known blockchains that use Chainlink oracles to securely access external data. The integration will take place as part of the Chainlink Scale program, which aims to reduce costs and accelerate adoption of the service. Initially, TRON will subsidize operational costs, including transaction gas fees for Chainlink oracle networks, until dApp usage reaches a sustainable level to cover these costs on its own.
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