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Chainlink Data Feeds is set to become the official data oracle solution for the TRON blockchain ecosystem, providing data feeds for TRON's DeFi applications JustLend and JustStable. In an Oct.
Tron's DeFi ecosystem turns to Chainlink for reliable, decentralised pricing data.
The integration could enhance TRON's DeFi ecosystem security and innovation, potentially driving broader adoption and growth in the blockchain space. The post TRON DAO adopts Chainlink Data Feeds to strengthen DeFi security, accelerate TRON's growth appeared first on Crypto Briefing.
This move is set to enhance the way decentralized finance (DeFi) applications operate on the Tron blockchain. Tron DAO announced that JustLend and JustStable will now use data feeds from Chainlink for pricing information.
Tron founder Justin Sun said the blockchain's integration of Chainlink would present significant opportunities for the two networks to grow in the stablecoin and real-world asset sector. In an Oct. 31 post on X, Sun stated: “[Tron] has joined Chainlink Scale, adopting Chainlink Data Feeds as TRON's official oracle.
The TRON DAO will discontinue its support for WinkLink Oracle and focus on the Chainlink network for further DeFi development.
Tron DAO said in an announcement that DeFi applications JustLend and JustStable — with over $6.5 billion in TVL — will use Chainlink's data feeds.
TRON DAO has partnered with Chainlink as its new official oracle provider, replacing WINkLink, to secure its $6.5 billion DeFi ecosystem through Chainlink's Data Feeds and SCALE program integration.
The secure and reliable price data will be available to one of the largest DeFi economies in the world.
It's been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year. According to blockchain data, the additional tokens were minted on the Tron network and immediately sent to the company's treasury wallet.
Justin Sun, founder of TRON, announced that his company has joined Chainlink SCALE, with Chainlink Data Feeds now set to become the official oracle for the foundation. This strategic upgrade will enhance the security of over $6.5 billion in DeFi total value locked (TVL) on this blockchain platform through Chainlink's trusted infrastructure, while also creating
TRX, Tron's native coin, has seen a modest 4% increase over the past week. However, underlying on-chain metrics suggest that this bullish momentum may be short-lived.
TRON (TRX) price has continued its uptrend as it trades above the moving average lines. TRX price analysis by Coinidol.com.
Crypto markets saw a mixed week with altcoins rallying and major tokens facing slight declines. Market volatility highlights investor interest.
Justin Sun shares Tron's ambitious plan for decentralized stablecoin USDD in Q4.
TRON's resilience amidst recent market declines highlights its growing appeal with a rise in large transactions!
TL;DR The TRON (TRX) network reports that 100% of its addresses are profitable, with 153.24 million addresses generating gains, indicating strong optimism in the network. The network's capacity has significantly improved, with a 100% increase in its “energy” over the last quarter. The TRX token is trading at $0.
Blockchain analytics firm IntoTheBlock has revealed that 99.8% of TRON (TRX) addresses are currently profitable. Their latest data shows that 153.24 million addresses are in green.
Justin Sun believes that Tron memecoins are ready for a new cycle of growth, supported by continuous development and a high degree of community involvement in the Tron network. He feels that if TRX can break above its previous peak, a wave of FOMO might be created to propel attention and investment toward meme coins
Tron token rallied for six consecutive days, reaching its highest level since August as Justin Sun made a bold prediction about its ecosystem. Tron (TRX), the tenth-largest cryptocurrency, rose to $0.166 as it approached the important resistance point at $0.
Tron price has stayed on the uptrend this week, unlike Bitcoin which has not registered successive daily gains the entire week.
With an 8.40% dominance, Tron is the second-largest blockchain after Ethereum, which enjoys a massive dominance of 55.99%. In the last seven days, Tron has seen a positive change of 2.7%. It has also experienced a rise in energy consumption. These developments have brought significant attention from the cryptocurrency community to the blockchain.
Tron is now in the top 10 blockchains by market cap, flipping Toncoin and Cardano. While there were initial doubts about the network dying a natural death due to the then “superior” competitor Ethereum in the first few years, the smart contracts platform has surpassed expectations.
The world of cryptocurrency is dynamic and ever-evolving, and one of the most significant developments in recent months has been the meteoric rise of Tether (USDT). As of late October 2024, USDT's market capitalization has surpassed a staggering $120 billion, solidifying its position as the leading stable coin in the crypto market.
