Tron replaces oracle provider with Chainlink
Tron DAO announced a significant shift in its decentralized finance (DeFi) ecosystem by partnering with Chainlink for data feeds, moving away from its previous oracle provider, WinkLink. The DeFi applications JustLend and JustStable, which collectively hold over $6.5 billion in total value locked (TVL), will now utilize Chainlink's oracle solutions. This change aims to enhance the growth and adoption of Tron's DeFi economy. As part of the integration, Tron will initially absorb certain operational costs associated with Chainlink, such as gas fees, before transitioning these costs to decentralized application user fees over time. Justin Sun, the founder of Tron, emphasized the opportunities this integration presents for Chainlink, Tron-based stablecoins, and real-world assets. Meanwhile, Tron's memecoin sector continues to thrive, with its launchpad, SunPump, facilitating a record high of token launches in the third quarter of 2024, reflecting a significant increase in DeFi transactions during this period.
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