Blockchain

Story: TRON blockchain network activity rises by +265%, courtesy DeFi boom

By Sydney TheCMO

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The DeFi is undoubtedly the latest buzzword in the blockchain space and the recent DeFi boom seems to have largely benefitted the blockchain networks rallying up to embrace the…

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TRON CEO Justin Sun has always been vocal about their aspirations to foster the DeFi concept through their blockchain network.

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A recent survey conducted by dAppRadar offers further proof of TRON's increasing involvement in the DeFi sector.

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Sun has further noted about the recent rise in active users as well as wallets on TRON network.

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It’s to stress here, the recent launch of Bridge Oracle is surely a key factor behind TRON’s increasing involvement in the DeFi scene of late.

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DeFi apps operating on smart contracts need real-life information to operate at their best. Smart contracts can’t access off-chain data given blockchain’s internal restrictions.

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Bridge oracle is a decentralized oracle and assures tamper-proof real life data, sourced from various public sources, including URL, Complex URL, Random, WolframAlpha and so on.

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