Nowadays, integration of large-scale wind farms (WFs) into power systems is experiencing rapid growth. As this rapid integration can affect transient stability significantly, employing doubly fed induction generator (DFIG)-based wind turbines, which have shown better behavior regarding system stability, has attracted much attention. This research contributes to the literature by investigating the transient stability of the power system with increasing penetration of DFIG-based WFs. In the proposed framework, the current-balance form is utilized for the network equations, and in this way, transient stability is performed using time-domain simulation. According to the simulation results, when the rate of wind power generation exceeds 0.7 per-unit, the increasing trend of the critical clearing time (CCT) is reversed and the CCT decreases greatly with the increased wind power penetration. In addition, the reactive power compensation by DFIG, the gearbox ratio, the power system strength, and DFIG parameters are comprehensively investigated as effective parameters on transient stability. Since the rated rotor speed of DFIG significantly impacts the electrical torque and machine currents, the reduction of the rated rotor speed due to the change of the gearbox ratio has been investigated as one of the effective factors to improve the transient stability. The simulation results demonstrate the effectiveness of the proposed approach in improving power system transient stability.