News with the tag "redstone"

RED is consolidating within key resistance at $0.61-$0.62, with a breakout potentially pushing the price toward $0.70-$0.75 in mid-2025. If RED holds above $0.60, a bullish reversal could lead to a projected high of $1.38 by the end of 2025. Failure to maintain strong support near $0.55-$0.60 may re...

RedStone, a blockchain oracle provider backed by Arrington Capital, announced on Thursday the launch of its native token, $RED, on the Ethereum network. 1/ $RED has been listed for trading on Binance. RED is be live on every major Centralized Exchange, including: Bybit, Bitget, Kraken, KuCoin, Gate,...

As DeFi expands, the oracle market faces new competition from emerging providers who are challenging established players like Chainlink.

Marcin Kaźmierczak, Redstone's co-founder and COO, says the current Bitcoin surge could push DeFi and BTC to mainstream staking. He added that Bitcoin's rise towards the $100K mark was not an isolated case, it had also triggered an increase in DeFi activity.

RedStone Launches Data-Validation Service on EigenLayer In a pioneering move within the decentralized finance (DeFi) ecosystem, RedStone, a leading DeFi oracle project, has unveiled its new data-validation service on EigenLayer. This development marks RedStone as the first major oracle provider to i...

RedStone is the first large oracle to launch on the Ethereum restaking protocol.

Without Bitcoin staking oracles, BTC-based liquid staking tokens can be only used to provide liquidity on DEXs, according to RedStone co-founder Marcin Kaźmierczak.

RedStone's integration with TON will introduce real-time asset prices, aiming to enhance DeFi, GameFi, and social applications.

The oracle solution said it amassed $4 billion in Total Value Secured across 100 individual clients.

The deal will see ether.fi allocating $500 million to secure RedStone's data oracles, helping facilitate data between blockchains.