TRON blockchain is switching oracles from WINkLink to Chainlink

Chainlink Data Streams will be the official data oracle solution for the TRON blockchain ecosystem and will provide data streams for TRON’s DeFi applications JustLend and JustStable.

In a press release dated October 31, TRON(TRX) announced that its community-run DAO, TRON DAO, will drop all support and dependence on WINkLink as the oracle solution for the TRON blockchain. Instead, TRON will switch to Chainlink Data Feeds to provide on-chain pricing data.

In a blockchain, an oracle provides external data to smart contracts on the chain. Acting as connectors to external systems, oracles allow decentralized applications to access off-chain data and operate based on real-world events such as weather data, random numbers, price feeds, event results, and much more.

TRON’s new oracle solution, Chainlink’s industry-standard data oracles, will help secure JustLend and JustStable. JustLend and JustStable are currently the two largest DeFi applications on TRON, with a total liquidity value of over $6.5 billion.

According to current data from DeFi Llama, Chainlink has the largest market share in the oracle industry with a total value of $26.17 billion. With a total TVS of $18.4 billion, WINkLink ranks above competitors such as Chronicle and Pyth Network.

According to the statement, this partnership marks TRON’s participation in the Chainlink Scale program, which it claims will “accelerate ecosystem growth and adoption.”

As part of the integration, TRON will temporarily cover certain operational costs associated with Chainlink Oracle networks, such as transaction gas fees, until these costs are fully covered by DApp user fees.

Today’s announcement: @trondao Joined Chainlink Scale by adopting Chainlink Data Streams as the official oracle of TRON. Once upgraded, over $6.5B in DeFi TVL will be secured as follows: @chainlink Chainlink and TRON create over $60 Billion opportunities in stablecoin and RWA! pic.twitter.com/ArDkMysuMq

— HE Justin Sun🌞(hiring) (@justinsuntron) 31 October 2024

TRON DAO Community Spokesperson Sam Elfarra said TRON’s decision to join the Chainlink Scale program aims to accelerate TRON’s DeFi economy by providing developers with access to Chainlink’s data oracle solution.

“Chainlink’s unmatched security and reliability made it the clear choice as TRON’s official oracle provider. This integration allows us to focus on scaling our ecosystem and further increasing mass adoption in the blockchain industry,” said Elfarra.

Chainlink Labs Head of Blockchain Partnerships Thodoris Karakostas stated that Chainlink hopes to secure the foundation of the TRON DeFi economy by providing decentralized market data on-chain.

“Chainlink will further empower TRON ecosystem developers to create next-generation DeFi applications and develop the decentralized internet,” Karakostas said.

As an oracle solution provider, Chainlink has accumulated over $16 trillion in transaction value and delivered more than 15 billion verified messages on-chain in the blockchain ecosystem. Additionally, Chainlink Data Streams secures tens of billions of dollars in TVL for hundreds of DeFi protocols.