How is Tron strengthening its rapidly-expanding $7 billion decentralized finance economy with Chainlink's assistance?

Bitcoin raised Uptober hopes as it approached the $73,949 ATH on 29 October, trading above $73,600 on leading exchanges. Despite being less than $300 away from its all-time highs, Bitcoin experiences reduced investor interest, signaling a potential crash in the near term. Bitcoin trades at $70,568 after dropping from its 24-hour high of $72,902.

As Ethereum's dominance wanes, rising stars like CYBRO, Solana, Avalanche, and Tron capture investor attention with unique features. #partnercontent

TL;DR Tron replaces WinkLink with Chainlink as its oracle provider to strengthen DeFi security. The migration to Chainlink covers key applications like JustLend and JustStable, with $6.5 billion in TVL. The network initially covers Chainlink costs to drive the adoption of high-quality services in its ecosystem.

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.

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.

Almost all major cryptocurrencies, including Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Chainlink (LINK), and Polkadot (DOT), have registered substantial declines. The crypto market cap has also dropped by 0.82% and currently stands at $2.31 trillion.

Latest updates on TRX, BNB, and ADA coins.

USDT market cap has surged past $120 billion, driven by its trading volume on Ethereum and Tron.

Tron holders reap profits as whale activity surges, boosting the altcoin bullish momentum.

Amid the ongoing price correction across the cryptocurrency market, Tron (TRX) has formed a bullish price action pattern on its daily chart.

Today TRON has fallen between the moving average lines. If the bears break the 50-day SMA to the downside, TRON will fall back to the lower $0.15 price area.

TRON, with its native token TRX, has been on a tear in the last few months, with its impressive market cap growth. Based on Messari's tracking for Q3 2024, TRX's market capitalization increased by 24%, from nearly $11 billion to $13.5 billion.

Following SunPump's launch, average daily DEX volume increased by 150%, representing the highest trading activity since 2022.

TRON (TRX) is making headlines as it experiences a remarkable surge in monthly transaction fees, now reaching an impressive $200 million. This spike signals a strong bullish sentiment in the market, raising questions about the potential for a major price rally.

The use of cryptocurrencies is at an all-time high, driven in particular by some blockchains like Ethereum or by layer-2 solutions like Base.

Data from Dune highlights that since early August, SunPump has been instrumental in launching over 90,800 meme coins on the Tron network, significantly contributing to Tron's revenue and market presence.

TL;DR Record Revenue: TRON achieved an all-time high revenue of $151.2 million in Q3 2024, driven by the success of its SunPump memecoin launchpad and a 487% increase in DeFi transactions.

Tether (USDT) has been gaining major traction on the TRON network, according to recent data from CryptoQuant. In September 2024 alone, the TRON network facilitated $424 billion in USDT transfers.

Tron's SunPump memecoin launchpad boosted the blockchain's Q3 revenue to a record $151.2 million, driven by a surge in token launches and increased DeFi activity.

Tron's memecoin launchpad, SunPump, has driven the blockchain's quarterly revenue to an all-time high of $151.2 million in the third quarter of 2024, according to a report by Messari.

TRON network sees substantial revenue growth and increased activity, primarily driven by meme coin popularity and stablecoin transfers

The Tron network has made headlines with an extraordinary 170% surge in its revenue, highlighting its growing influence within the blockchain and decentralized finance (DeFi) sectors. According to Look on chain, a well-regarded on-chain analytics platform, Tron's revenue climbed from $2.69 million last year to an impressive $7.28 million this year.

Tron is making waves in the crypto world with incredible growth over the past ten months. Its new memecoin launchpad, SunPump, has helped launch over 90,823 tokens, sparking a massive 487% increase in activity. This surge pushed Tron's blockchain quarterly revenue to a record-breaking $151.2 million, a 30% jump from the previous quarter.

Nearly a third of Tron's record $151 million quarterly revenue came from its new memecoin launchpad SunPump over a two week period.

Tron is already one of the top performers in the top 10, looking at its impressive growth over the last ten months. The smart contracts platform dominates USDT transfers while also making inroads into meme coins and snapping market share from Solana.