The Tron Decentralized Autonomous Organization (DAO) and blockchain oracle provider ChainLink have announced that the Tron blockchain is switching oracle providers.
In a press release, the #Tron DAO confirmed that it will no longer support its previous oracle provider, WinkLink. According to the statement, Tron's decentralized financial ecosystem (DeFi) will switch its pricing data to #Chainlink Data Feeds.
This means that DeFi's JustLend and JustStable apps, which have a combined value of over $6.5 billion, will use Chainlink's data oracle.
The statement emphasizes that Tron's participation in Chainlink's scaling program will accelerate the growth and adoption of the ecosystem.
As part of the integration, Tron will initially incur some operating costs associated with Chainlink's oracle network, such as gas fees, but the long-term plan is to eventually shift those costs to user fees for decentralized applications (DApps).
In a press release, Todris Karakostas, head of #Blockchain Partnerships at Chainlink Labs, said that Chainlink will provide developers in the TRON ecosystem the opportunity to build #DeFi apps and advance the decentralized internet.
Sam Elfala, head of the Tron DAO community, echoed this sentiment, saying in a press release that he joined the Chainlink Scale program to accelerate the development of Tron's DeFi economy.
Justin Sun, founder of Tron, said in a post X that the integration creates opportunities for Chainlink, stablecoins based on Tron and real world assets (RWAs).
Meanwhile, Tron's memcoin ecosystem remains a strong revenue driver. Blockchain startup SumPump boosted Tron's quarterly revenue to $151.2 million in Q3 2024. According to cryptocurrency research firm Messari, this record-breaking figure is a 30% increase over the previous quarter.
From August 12 to September 30, more than 89,000 tokens were launched on SunPump. This led to a 487% increase in DeFi transactions on Tron in the third quarter.
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