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Route 2 FI
Route 2 FI|Feb 25, 2025 12:16
Oracles are one of the most essential pieces of infra in DeFi. Every new chain, protocol, and asset needs a secure oracle. So do institutions adopting crypto. This makes oracles extremely valuable. Over the past year, @redstone_defi has stood out in the oracle market by achieving some notable milestones. -Completed 86 new integrations, including partnerships with industry leaders like Morpho, Pendle, Venus, and Spark. -Added support for 24 new chains, including early adoption on Berachain, Story, Sonic, Unichain, Ink, Sei EVM. -Introduced 32 bespoke assets, pioneering price feeds for assets such as $USDe, $weETH, $ezETH, $pzETH, and others. -Launched the first market-ready Bitcoin Proof of Reserves Oracles, supporting BTCfi innovation with LBTC by Lombard on Babylon. RedStone's token, RED, is set to undergo a TGE soon. The company is already a major player in the oracle space, with RedStone AVS live. Today Binance announced that they would list spot RED on Binance Launchpool. The team consists mainly of experienced distributed system engineers, led by a former smart contract auditor, and their go-to-market strategy is coordinated by @MarcinRedStone, who actively engages with builders at conferences. The oracle landscape is competitive, and Marcin has referred to 2025 as the "year of Oracle Wars." It remains to be seen how this will unfold, but RedStone is well-positioned, supporting both push and pull oracle models, Proof of Reserves feeds, and the AI Agents sector with CLARA. The figure above shows the biggest oracles in the space today, and RedStone is climbing fast in securing TVS. I am an advisor for RedStone.
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