📌RedStone $RED Launches on Binance, as far as I remember, the last big project in the oracle space was Pyth in 2023. So far, only three can be ranked: Chainlink, Pyth, RedStone.
Oracles are the infrastructure of infrastructure; if every on-chain interaction is likened to breathing, oracles are the oxygen, providing 'quotation' services for on-chain interactions. In this space, first-mover advantage is significant; once a service is adopted, it won't be easily replaced, which is why the veteran oracle service Chainlink remains strong.
So, what is the innovation point of RedStone as a latecomer?
🎈 I believe the most important aspect is RedStone's modular architecture, redefining the data supply paradigm—supporting Push, Pull, and X models, covering 70+ public chains and Rollups (including non-EVM chains Movement, Sui), providing real-time cross-chain data for over 100 projects such as Morpho and Venus, with TVS locked exceeding $6 billion.
Its core advantages are:
Cost and Efficiency: On-demand data supply reduces gas consumption, directly aggregating prices from CEX/DEX and on-chain liquidity pools, launching the first Bitcoin liquid staking PoR verification;
Flexibility and Scalability: Modules can be independently upgraded, adapting to high-frequency scenarios like derivatives and options, with customized data sources (such as LBTC/BTC) meeting the needs of innovative protocols;
Growth Momentum: Leading the industry in growth rate in 2024, receiving $22.52 million led by Arrington Capital, with follow-on investments from the Berachain and Ether.Fi founding teams.
🔸Binance Launchpool has now opened RED token mining and will launch the first pre-trade price limit mechanism at 18:00 (UTC+8) on February 28:
The price cap for the first 72 hours is 200% of the opening price, gradually relaxing to 400%, with restrictions lifted after March 3;
Individual holding limit of 5000 RED to curb early speculative volatility and safeguard long-term value.
As the first cross-chain oracle supporting both Push and Pull models, RedStone, with data reliability (50+ data sources for tamper-proofing) and extreme gas optimization, becomes a key piece in the iteration of DeFi infrastructure. #RED
🔸Rebate link https://www.binance.com/join?ref=JR65ECDY
Invitation code: JR65ECDY
Oracles are the infrastructure of infrastructure; if every on-chain interaction is likened to breathing, oracles are the oxygen, providing 'quotation' services for on-chain interactions. In this space, first-mover advantage is significant; once a service is adopted, it won't be easily replaced, which is why the veteran oracle service Chainlink remains strong.
So, what is the innovation point of RedStone as a latecomer?
🎈 I believe the most important aspect is RedStone's modular architecture, redefining the data supply paradigm—supporting Push, Pull, and X models, covering 70+ public chains and Rollups (including non-EVM chains Movement, Sui), providing real-time cross-chain data for over 100 projects such as Morpho and Venus, with TVS locked exceeding $6 billion.
Its core advantages are:
Cost and Efficiency: On-demand data supply reduces gas consumption, directly aggregating prices from CEX/DEX and on-chain liquidity pools, launching the first Bitcoin liquid staking PoR verification;
Flexibility and Scalability: Modules can be independently upgraded, adapting to high-frequency scenarios like derivatives and options, with customized data sources (such as LBTC/BTC) meeting the needs of innovative protocols;
Growth Momentum: Leading the industry in growth rate in 2024, receiving $22.52 million led by Arrington Capital, with follow-on investments from the Berachain and Ether.Fi founding teams.
🔸Binance Launchpool has now opened RED token mining and will launch the first pre-trade price limit mechanism at 18:00 (UTC+8) on February 28:
The price cap for the first 72 hours is 200% of the opening price, gradually relaxing to 400%, with restrictions lifted after March 3;
Individual holding limit of 5000 RED to curb early speculative volatility and safeguard long-term value.
As the first cross-chain oracle supporting both Push and Pull models, RedStone, with data reliability (50+ data sources for tamper-proofing) and extreme gas optimization, becomes a key piece in the iteration of DeFi infrastructure. #RED
🔸Rebate link https://www.binance.com/join?ref=JR65ECDY
Invitation code: JR65ECDY