Redstone: The Cross-Chain Oracle Supporting Over 70 Blockchains

Modified on Tue, 23 Sep at 5:46 PM

In the intricate world of decentralized finance (DeFi), the secure and efficient delivery of real-world data to blockchains remains a critical challenge. Enter RedStone (RED), a revolutionary oracle network engineered to address this "oracle problem" with a novel modular approach, positioning itself as a vital infrastructure layer for the next generation of dApps. This article delves into the core technology, standout features, and tokenomics of RedStone for the discerning crypto enthusiast.

Deconstructing the Technology: A Modular and Gas-Conscious Design

At its heart, RedStone is an oracle network that provides data feeds to over 50 blockchain networks, including both EVM and non-EVM chains. What sets RedStone apart is its innovative modular architecture. Unlike traditional oracles that continuously push data on-chain, incurring significant gas fees, RedStone stores data on the decentralized storage solution Arweave and delivers it on-chain only when requested by a dApp.

This is made possible through three distinct data delivery models, offering developers unparalleled flexibility:

RedStone Core (Pull Model): This on-demand model allows dApps to "pull" data from the off-chain storage and include it in a transaction, significantly reducing costs.
RedStone Classic (Push Model): For applications requiring constant data availability, this model "pushes" data to the blockchain at regular intervals.
RedStone X (Hybrid Model): Combining the best of both worlds, this model caters to a wide range of use cases by offering a flexible data delivery solution.

Highlight Features: Tailored for a Multi-Chain World

RedStone's design philosophy translates into several key features that make it a compelling choice for developers:

Gas Optimization: The on-demand data delivery models lead to substantial savings on transaction fees, a crucial factor for dApps operating on congested networks.
Cross-Chain Interoperability: RedStone's modular design enables seamless integration with a diverse array of blockchain ecosystems without the need for custom deployments for each chain.
Support for Niche Assets: RedStone excels in providing reliable price feeds for long-tail and yield-bearing assets, such as Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs), which are often underserved by traditional oracles.
Enhanced Security: Data integrity is ensured through cryptographic signing by a network of data providers and is further secured through an integration with EigenLayer's Actively Validated Service (AVS), leveraging the economic security of staked Ether.

Image illustrating the data flow to the RedStone blockchain. Source: RedStone Document

RedStone receives price data from over 150 sources, including centralized exchanges, decentralized exchanges such as Uniswap, and aggregators like CoinMarketCap. This data is then aggregated by independent nodes operated by data providers.

To ensure price accuracy, these nodes use a variety of calculation methods, such as the median, time-weighted average price (TWAP), and liquidity-weighted average price (LWAP). These methods consider factors like the amount of liquidity and average prices over specific timeframes.

The Team Behind Redstone

Jakub Wojciechowski: Founder and CEO of Redstone. He graduated from the Warsaw University of Technology with a degree in Computer Science. Before his position at Redstone, Jakub was the Chief Technology Officer (CTO) and co-founder of Alice SI.

Marcin Kazmierczak: Graduated from the Warsaw School of Economics in 2020 with a specialization in e-business. He later pursued an MBA at National Chengchi University in Taipei, where he wrote his thesis on the topic: “Blockchain Technology: A Detailed Explanation and Business Use Cases.”

The RED Token: The Lifeblood of the Ecosystem

The native utility token of the RedStone network is RED. Its primary function is to ensure the integrity and reliability of the data provided. Data providers are required to stake RED tokens as a form of collateral. This economic incentive ensures that providers act honestly, as any malicious behavior would result in the slashing of their staked tokens.

In return for their crucial role in securing the network, stakers are rewarded with a share of the fees generated by the protocol. Notably, these rewards are paid out in prominent cryptocurrencies like ETH, BTC, and USDC, providing a stable and attractive yield for participants. The RED token is also envisioned to play a role in the future governance of the RedStone protocol.

Token Allocation and Tokenomics: A Community-Centric Approach

RedStone's tokenomics are designed to foster a robust and decentralized ecosystem. The total supply of RED tokens is allocated across several key areas:

Ecosystem & Data Providers (24.3%): A significant portion is dedicated to incentivizing data providers and fostering the growth of the RedStone ecosystem through grants and other initiatives.
Early Backers (31.7%): To reward the initial supporters who were instrumental in the project's development.
Core Contributors (20%): Allocated to the team and key contributors with a vesting schedule to align long-term interests.
Protocol Development (10%): To ensure the continued innovation and enhancement of the RedStone protocol.
Community & Genesis (10%): A substantial allocation for community airdrops and other engagement programs to reward early and active users.
Binance Launchpool (4%): To facilitate broader distribution and access to the RED token.

This strategic allocation, coupled with a well-defined vesting schedule, underscores RedStone's commitment to building a sustainable and community-driven oracle network poised to become a cornerstone of the decentralized future.

Interesting Price Information for RED

According to data from the Coinmarketcap website on 24 June 2025, the RED coin has a market cap of $77,344,418.3 USD or 2,531,512,703.26 Thai Baht.

At the time of writing this article, the RED coin is trading at a price of approximately $0.2762 or about 9.04 Baht per 1 RED. RED reached an all-time high price of $1.46 or approximately 47.68 Baht per 1 RED on 3 March 2025.

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