RedStone is a modular oracle platform that delivers diverse, high-frequency data feeds to EVM Layer 1, Layer 2, Rollup-as-a-Service networks and non-EVM chains such as Starknet, Fuel Network, and TON. Its product emphasizes chain-agnostic delivery and a modular pricing engine to provide accurate, relevant feeds—specializing in yield-bearing collateral for lending markets, including LSTs and LRTs. The protocol claims a Total Value Secured (TVS) of $4 billion, coverage across more than 60 chains, and service to over 100 clients including EtherFi, Pendle, Morpho and Ethena. RedStone is testing Oracle Extractable Value (OEV) implementation with planned customer trials in the coming months and is preparing to launch a native token later this year. Recent corporate initiatives include Season 2 of RedStone Expedition to engage the community and accumulate RSG (RedStone Gems) points. RedStone builds a modular, cross‑chain oracle platform that delivers customizable real‑time data feeds to Web3 and DeFi protocols across EVM L1 and L2 networks. The company uses a proprietary ‘EVM‑connector’ method and a Data Access Layer to attach signed data packages to transactions and then erase them, a process it says can reduce gas costs by up to 90% while achieving sub‑second price feed latency. RedStone reports feeds delivered to over 40 chains, including Ethereum, Avalanche, Polygon, Celo, Optimism, Arbitrum, Fantom, Stacks and EVMOS, all with testnets. It emphasizes the ability to provide unique, non‑standard data feeds otherwise unavailable in the industry. Founded in 2021 with first production deployment in January 2023, RedStone recently completed a $7 million seed raise and is pursuing further cross‑chain expansion and broader DeFi adoption. RedStone is a Web3 startup that builds a cross-chain data oracle delivering pricing feeds to smart contracts and DeFi protocols. It uses the Arweave blockchain to provide affordable, permanent data storage with crypto and real-world data audit trails and offers modular Warp smart contracts on Arweave. The oracle serves over 30 chains, including Ethereum, Avalanche, Celo, Arbitrum, Polygon and Fantom, and covers long-tail tokens, Forex, commodities and more. Its product is designed to resist network congestion and to deliver data to projects every few seconds. RedStone plans to use new capital to grow the core team, increase presence at international conferences and hackathons, and expand partnerships with blockchains, protocols and applications. Financially, the company recently closed a $7M Seed round and had previously raised $525K in July 2021. RedStone is a Tallin, Estonia-based decentralized finance oracle platform that provides cross-chain pricing data for financial protocols. Led by CEO and founder Jakub Wojciechowski, the platform leverages the Arweave blockchain to create affordable storage with a permanent audit trail and an automatic dispute mechanism backed by insurance through staking. Today RedStone supports 150 assets across three providers with oracle query interval times of up to ten seconds. By using Arweave it aims to lower storage costs versus storing price data directly on transactional blockchains such as Ethereum, addressing high gas-fee challenges. The company intends to use the funds to expand partnerships with data providers and protocols and to work toward its long-term product roadmap, including cross-chain data bridges. The financing is intended to support continued development and scaling of its low-cost oracle service.

Total raised

$23M

Funding rounds

4

Latest round

Series A

Latest activity

Jul 2024