The widespread adoption of blockchain technology has significantly enhanced traditional financial practices. Pioneering firms like Ripple, along with other blockchain experts, have played a pivotal role in driving innovation and development, revolutionizing the financial landscape.
In a recent development, Tron notified that it has joined hands with Chainlink SCALE and Chainlink DATA Feeds; earlier it was using Oracle support from WinkLink. The decentralized finance of Tron will leverage Chainlink DATA Feeds for its pricing data.
As per experts the sudden move by Tron to shift from WinkLink to Chainlink is to boost the scaling program by Chainlink.
The Head of Blockchain Partnerships at Chainlink Labs, Thodoris Karakostas said following the announcement “We’re thrilled that TRON has joined the Chainlink Scale program and is adopting Chainlink Data Feeds to further secure the foundation of the TRON DeFi economy. By delivering highly reliable, accurate, and decentralized market data on-chain, Chainlink will further empower TRON ecosystem developers to build next-gen DeFi applications and advance the decentralized internet.”
The additional information notes that TRON plans to initially manage certain operational expenses but aims to shift to a user-fee-based model as the ecosystem matures. To ensure a smoother transition, this support will continue until dApp user fees are sufficient to cover all costs.
Reports indicate that Chainlink has securely facilitated more than $16 trillion in transaction volume and delivered over 15 billion verified on-chain messages.
“Once upgraded, $6.5B+ in DeFi TVL will be secured by Chainlink, creating opportunities for Chainlink and TRON’s $60B+ in stablecoins and RWA, ” said Justin Sun.
Justin Sun Eyeing New Milestones for Tron!
Justin Sun is one of the youngest entrepreneurs in the entire cryptocurrency market and he is also the founder and chief executive officer of Tron. In a recent media appearance, he stated his belief that Tron will be counted among the top three cryptocurrencies in terms of market capitalization in 2025.
As of writing the market capitalization of Tron was $14.72 billion making 9th the most prominent in terms of capitalization. In the past 24 hours, the trading price of TRX has surged 1.42 percent reaching $0.1702.
After breaking all initial EMAs, the TRX price seems to be approaching a new milestone of $1.00. It is worth noting that its prices grew over 58% YTD and 75.30% in the past 52 weeks.
However, market watchers argue that there is a chance that TRX could mark the resistance of $1.00, but it is only possible if a change in growth pace is observed. According to data from CoinMarketCap, 81% of Tron’s holders community is bullish and the remaining 19% are still bearish.
