Originally published on: October 31, 2024
Tron, a prominent decentralized autonomous organization (DAO), has exciting news for its blockchain community. The platform has decided to make a strategic shift by replacing its previous oracle provider, WinkLink, with Chainlink.
This move comes as Tron looks to enhance its decentralized finance (DeFi) ecosystem by leveraging Chainlink Data Feeds for accurate pricing data. JustLend and JustStable, two key DeFi applications with over $6.5 billion locked in total value, will now benefit from Chainlink’s reliable data oracles.
Joining the Chainlink Scale program is set to bring accelerated growth and adoption to Tron’s ecosystem. Thodoris Karakostas from Chainlink Labs expressed excitement about empowering Tron developers to create innovative DeFi apps and push the boundaries of the decentralized internet.
At the announcement during Chainlink SmartCon, Tron Founder Justin Sun emphasized the opportunities that integration with Chainlink will bring to stablecoins and real-world assets within the Tron ecosystem.
Furthermore, Tron’s memecoin ecosystem continues to drive revenue growth, with the SunPump launchpad boosting revenue to a record $151.2 million in the third quarter. The platform saw a surge in DeFi transactions, with over 89,000 tokens launched on SunPump between August and September.
While the memecoin launchpad activity showed a slight decline in September, Tron remains a vibrant hub for innovation and financial opportunities.
Don’t miss out on the latest updates in the world of DeFi. Subscribe to the Finance Redefined newsletter for insightful analysis, breaking news, and valuable insights to help you navigate the fast-paced landscape of decentralized finance confidently.
