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日月小楚 |Sci-Hub|Jan 19, 2025 13:30
The oracle has always been the foundation of Dapps. So there will be new challengers from time to time. After Chainlink, Pyth emerged, and now RedStone has emerged@ redstone_defi
RedStone is a decentralized oracle project aimed at providing reliable real-time data for smart contracts on various blockchain platforms.
The data source covers over 50 public chains and Rollup, including EVM and non EVM Movements, Sui, Tron, etc. TVS has locked in over $6 billion worth of projects, including more than 100 projects such as Morpho, Venus, and Pendle.
RedStone has raised a total of $22.52 million in funding, with the latest round of $15 million led by Arrington Capital, Kraken Ventures, White Star Capital, Spartan Group, Amber Group, SevenX Ventures, and IOSG Ventures, as well as Berachain http://Ether.Fi Individual investors from Puffer Finance's founding team participated in the investment.
One of the major attractions of RedStone is that it has not yet released coins, so we can look forward to airdrops. There will be a marketing campaign for the Spring Festival sprint starting on January 20th. I suggest everyone can participate.
A major highlight of RedStone is its modular design, which demonstrates significant advantages in various aspects in the field of decentralized oracle machines.
Scalability, each module can be independently expanded, and users do not need to make large-scale modifications to the entire system, thus achieving efficient data load management. This flexibility ensures that the network can seamlessly expand as demand grows.
Strong flexibility: Users can selectively use modules according to their own needs, making it convenient to customize oracle services into specific applications. This is particularly advantageous for projects with unique data requirements or operational frameworks.
Innovation and continuous improvement: The modular approach enables developers to introduce new technologies or updates without affecting existing services. This adaptability is particularly important in the rapidly changing blockchain environment. With the development of blockchain technology, RedStone's modular design can quickly adapt to new standards and requirements, ensuring its competitiveness in the constantly changing industry.
RedStone, Chainlink, and Pyth are important players in the oracle field, each with unique features and advantages. Here are the outstanding advantages of RedStone compared to its competitors:
1) Speed and Efficiency Real time Data Transmission: RedStone excels in providing real-time data, making it particularly suitable for scenarios such as derivatives and options trading. Its modular architecture, especially the RedStone X module, ensures almost real-time updates of data, making it very suitable for time sensitive applications
2) Lower data costs: RedStone can provide data based on user needs instead of pushing it at fixed times, thereby reducing the cost of data usage for users. And also provide data sources to Arweave to prevent tampering.
3) Multiple data delivery methods: Chainlink focuses on reliable delivery of Push models, while Pyth provides Pull models. RedStone supports three models.
Pull model: Automatically attaching data to user transactions can save gas and optimize user experience. This is the most widely used by RedStone. Model
Push model: Users passively receive data push notifications. However, RedStone's modular design allows users to have more flexible choices regarding the timing and method of price updates, unlike other oracle machines that must accept specified parameters.
The X model is mainly used for the requirements of perpetual contracts, options, and derivative agreements; Prevent others from using oracle prices for early arbitrage.
4) More data sources: Typically, oracle data sources come from aggregators and data publishers like market makers, while Redstone supports multiple data sources, including CEX DEX which can also support customized data sources.
The competitive comparison between Redstone, Chainlink, and Pyth can be found in more analysis articles https://blog.redstone.finance/2025/01/16/blockchain-oracles-comparison-chainlink-vs-pyth-vs-redstone-2025/
Overall, RedStone provides a flexible, efficient, and secure oracle solution for the blockchain ecosystem through its innovative modular design. With the increasing demand for real-world data, RedStone has the potential to continue leading the development of oracle technology in the future.
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