Regarding its DeFi realm, Tron DAO recently stated it will change its Oracle service provider from WinkLink to Chainlink. This will allow for many DeFi applications, such as JustLend and JustStable, two applications valued at more than $6.5 billion in TVL, to use Chainlink’s data feed for their pricing data.
Tron DAO recently announced the move in a news release that noted that Chainlink Data Feeds is meant to improve data accuracy in the ecosystem. This was said in the press release where applying to be part of Chainlink’s Scale program would aid in accelerating the ecosystem and its usage.
Within this integration, Tron will initially bear some operational expenses covering the Chainlink oracle networks, including the gas fees. Yet, the long-term plan is to transfer these costs to decentralized application (DApp) user fees that must make both parties sustainable.
Thodoris Karakostas, the head of blockchain partnerships at Chainlink Labs, was very confident that Chainlink will enable Tron ecosystem developers to bring innovation to the DeFi space and help evolve the decentralized internet. Likewise, Sam Elfarra, the community FIGURE for Tron DAO, pointed out this would help further ramp up Tron’s DeFi economy.
Tron Integrates with Chainlink to Expand Stablecoin and RWA Opportunities
In an X post, Tron founder Justin Sun claimed that integrating with Chainlink could extend a new path for Tron-based stablecoins and Real-World Assets (RWA).
Along with these milestones, Tron has developed its memecoin ecosystem to generate its biggest source of income. To further explain, Tron’s memecoin launchpad, SunPump, helped the blockchain reach $151.2 million in revenue within the third quarter of 2024. Messari, the crypto research firm, claimed that it exceeded a high of $10 billion, which is 30% higher than the previous quarter.
Moments ago, we learned that between August 12 and September 30, 89 246 tokens were launched on SunPump, and DeFi transactions increased by 487% for the three months of the third quarter. According to Messari, Russian hackers allegedly increased activity on the SunPump domain after August 16 and showed enormous growth in the subsequent weeks.
However, this success had led to a minor hiccup with new tokens to be launched on the memecoin launchpad – it has dipped to less than 1000 daily.
As Tron DAO moves on from its BitTorrent partnership, continues to grow its memecoin space, and incorporates Chainlink into its ecosystem, it is primed to solidify its standing in the DeFi world. Tron embraces these changes to create a stronger, thriving developer and user group.
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