On October 31, Justin Sun, founder of TRON and member of the Huobi HTX Global Advisory Committee, attended the 2024 Hong Kong SmartCon conference and delivered a keynote speech. In his speech, he announced that TRON has joined the Chainlink Scale program, and Chainlink Data Feeds will also become the official oracle solution for the TRON ecosystem. At the same time, in Q4, the decentralized stablecoin USDD in the TRON ecosystem will also be upgraded to make it one of the main decentralized stablecoin options. Through the establishment of new partnerships and ecological construction, TRON will further encourage the development and innovation of DApps, provide developers and users with convenient and high-quality services and products, and create a more prosperous ecosystem.
Sun Yuchen said that Chainlinks industry-standard data oracle will help ensure the security of JustLend and JustStable, the two largest DeFi applications in the TRON ecosystem, with more than $6.5 billion in TVL. Currently, TRON has participated in the Chainlink Scale program to provide developers with reliable, long-term, high-quality oracle services, and will also create opportunities for more than $60 billion in stablecoins and RWA (real world assets) on the Chainlink and TRON networks.
To support this transition, TRON will bear part of the operating costs in the initial stage, and as the ecosystem matures, these costs will be transitioned to being borne by DApp users themselves.
Sun Yuchen also introduced the progress of the TRON ecosystem. As of October, the total number of TRON accounts has exceeded 268 million, the number of transactions has reached 8.8 billion, and the value of assets circulating through the TRON network has exceeded 14.5 trillion US dollars. TRON set several historical highs in the third quarter, including a single-quarter agreement revenue of 577 million US dollars.
When referring to TRONs future planning roadmap, he revealed that in the fourth quarter of this year, TRONs top priority is to upgrade USDD to make it one of the main decentralized stablecoin options. To achieve this goal, TRON will take a series of strong measures, including improving transparency, strengthening technical support, optimizing collateral management, and especially taking strict technical measures to ensure the security and stability of collateral.
Commenting on the collaboration, Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, said, “We are delighted that TRON has joined the Chainlink Scale project and is using Chainlink Data Feeds to further secure TRON’s DeFi ecosystem foundation. By providing highly reliable, accurate, and decentralized market data on-chain, Chainlink will further empower TRON ecosystem developers to build the next generation of DeFi applications and advance the development of the decentralized Internet.”
It is reported that the 2024 Hong Kong SmartCon Conference is hosted by Chainlink and will last for two days. TRON is one of the sponsors of the conference, and Justin Sun’s keynote speech has become one of the most popular parts of the conference.
