RedStone (RED) Project Analysis
Research Institute Review
RedStone is a modular blockchain oracle, similar to Chainlink and Pyth Network, but stands out with its unique advantage of modular design. RedStone is also the fastest-growing oracle. Top-tier projects with recent high exposure such as Story Protocol, Babylon, StakeStone, and SonicLabs all use RedStone as their oracle solution.
Recent Development
Previously, RedStone became well-known among the public due to high airdrop expectations before its TGE. RedStone is about to launch on Binance Launchpool for mining activities. Currently, community enthusiasm is high, with many airdrop hunters participating.
Project Introduction
RedStone is a modular oracle platform designed to provide fast, accurate, and cost-effective data feeds for decentralized applications (dApps). Unlike traditional oracles that push data to the blockchain at fixed intervals, RedStone uses an on-demand data retrieval approach, storing cryptographically signed data off-chain and delivering it to smart contracts only when needed. This approach improves efficiency and significantly reduces costs for dApps. RedStone's modular architecture allows for easy integration of new assets and reduced latency, enabling dApps to scale more effectively.
Token Utility
RED will serve as a utility token, allowing holders to stake and delegate to data providers for a share of fees and rewards.
RED will also allow for restaking versions, enabling its LRT to be used in any DeFi protocol to unlock additional economic value (similar to stETH).
Tokenomics
RedStone's total token supply is 1,000,000,000 RED, with the following distribution:
| Category | Allocation | Vesting and Unlock Details |
| Protocol Development | 10% | Partially locked, strategically deployed by RedStone Distributed Data Association to drive protocol growth and advance progressive decentralization |
| Community & Genesis | 10% | Rewards for early supporters, partners, and active participants in RedStone's development |
| Core Contributors | 20.00％ | Locked, recognizing those who laid the foundation and will continue driving long-term development |
| Ecosystem & Data Providers | 28.3% | Partially locked, provided significant financial, advisory, and strategic support during RedStone's development |
| Early Supporters | 31.7% | Locked, provided significant financial, advisory, and strategic support during RedStone's development |
Project Highlights
None
Investment Institutions
RedStone has raised $22 million in total funding, led by Arrington Capital with participation from Coinbase. Investors include Aave founder Stani Kulechov, Polygon co-founder Sandeep Nailwal, zkSync co-founder Alex Gluchovski, Avalanche co-founder Emin Gun Sirer, and others.
Community
Twitter: https://x.com/redstone_defi
Followers: 266K
Special Economic Model
None
Future Outlook
RedStone is live on over 60 chains and can be easily deployed on any EVM and many non-EVM chains, while Chainlink primarily focuses on the ETH ecosystem. RedStone's market share is growing increasingly larger. In 2024, with $3.8 billion TVS and over 100 partners, RedStone has become the second-largest oracle provider in the field, with excellent project prospects. Previously, RedStone reached an agreement with Ether.fi, the largest Restaking service on EigenLayer, securing $500 million in funding to help bring its data oracle to the ecosystem.
Basic Information
Project Introduction:
RedStone is a modular oracle platform designed to provide fast, accurate, and cost-effective data feeds for decentralized applications (dApps). Unlike traditional oracles that push data to the blockchain at fixed intervals, RedStone uses an on-demand data retrieval approach, storing cryptographically signed data off-chain and delivering it to smart contracts only when needed. This approach improves efficiency and significantly reduces costs for dApps. RedStone's modular architecture allows for easy integration of new assets and reduced latency, enabling dApps to scale more effectively.
Token Full Name: RED
Project Name: RedStone
Project Website: https://www.redstone.finance/
Project Documentation: None
Blockchain Explorer:
https://etherscan.io/token/0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de
Join the CoinW Institute to decipher the world of crypto with no threshold for quality projects!
CoinW Institute
2/26/2025
RedStone (RED) Project Analysis
Research Institute Review
RedStone is a modular blockchain oracle, similar to Chainlink and Pyth Network, but stands out with its unique advantage of modular design. RedStone is also the fastest-growing oracle. Top-tier projects with recent high exposure such as Story Protocol, Babylon, StakeStone, and SonicLabs all use RedStone as their oracle solution.
Recent Development
Previously, RedStone became well-known among the public due to high airdrop expectations before its TGE. RedStone is about to launch on Binance Launchpool for mining activities. Currently, community enthusiasm is high, with many airdrop hunters participating.
Project Introduction
RedStone is a modular oracle platform designed to provide fast, accurate, and cost-effective data feeds for decentralized applications (dApps). Unlike traditional oracles that push data to the blockchain at fixed intervals, RedStone uses an on-demand data retrieval approach, storing cryptographically signed data off-chain and delivering it to smart contracts only when needed. This approach improves efficiency and significantly reduces costs for dApps. RedStone's modular architecture allows for easy integration of new assets and reduced latency, enabling dApps to scale more effectively.
Token Utility
RED will serve as a utility token, allowing holders to stake and delegate to data providers for a share of fees and rewards.
RED will also allow for restaking versions, enabling its LRT to be used in any DeFi protocol to unlock additional economic value (similar to stETH).
Tokenomics
RedStone's total token supply is 1,000,000,000 RED, with the following distribution:
| Category | Allocation | Vesting and Unlock Details |
| Protocol Development | 10% | Partially locked, strategically deployed by RedStone Distributed Data Association to drive protocol growth and advance progressive decentralization |
| Community & Genesis | 10% | Rewards for early supporters, partners, and active participants in RedStone's development |
| Core Contributors | 20.00％ | Locked, recognizing those who laid the foundation and will continue driving long-term development |
| Ecosystem & Data Providers | 28.3% | Partially locked, provided significant financial, advisory, and strategic support during RedStone's development |
| Early Supporters | 31.7% | Locked, provided significant financial, advisory, and strategic support during RedStone's development |
Project Highlights
None
Investment Institutions
RedStone has raised $22 million in total funding, led by Arrington Capital with participation from Coinbase. Investors include Aave founder Stani Kulechov, Polygon co-founder Sandeep Nailwal, zkSync co-founder Alex Gluchovski, Avalanche co-founder Emin Gun Sirer, and others.
Community
Twitter: https://x.com/redstone_defi
Followers: 266K
Special Economic Model
None
Future Outlook
RedStone is live on over 60 chains and can be easily deployed on any EVM and many non-EVM chains, while Chainlink primarily focuses on the ETH ecosystem. RedStone's market share is growing increasingly larger. In 2024, with $3.8 billion TVS and over 100 partners, RedStone has become the second-largest oracle provider in the field, with excellent project prospects. Previously, RedStone reached an agreement with Ether.fi, the largest Restaking service on EigenLayer, securing $500 million in funding to help bring its data oracle to the ecosystem.
Basic Information
Project Introduction:
RedStone is a modular oracle platform designed to provide fast, accurate, and cost-effective data feeds for decentralized applications (dApps). Unlike traditional oracles that push data to the blockchain at fixed intervals, RedStone uses an on-demand data retrieval approach, storing cryptographically signed data off-chain and delivering it to smart contracts only when needed. This approach improves efficiency and significantly reduces costs for dApps. RedStone's modular architecture allows for easy integration of new assets and reduced latency, enabling dApps to scale more effectively.
Token Full Name: RED
Project Name: RedStone
Project Website: https://www.redstone.finance/
Project Documentation: None
Blockchain Explorer:
https://etherscan.io/token/0xc43c6bfeda065fe2c4c11765bf838789bd0bb5de
Join the CoinW Institute to decipher the world of crypto with no threshold for quality projects!
CoinW Institute
2/26/2025