RedStone (RED) Price: $0.295
Price Range (24h):
$0.285 – $0.297
General Overview
RedStone is a modular oracle platform tailored for DeFi applications. Its innovative architecture delivers real-world data to smart contracts efficiently, minimizing latency and costs.
Key Features
- On-demand data fetching (reduces blockchain congestion)
- Modular design (supports rapid asset integration)
- Cryptographically signed off-chain data (ensures security)
👉 Discover how RedStone enhances DeFi ecosystems
RED Price Statistics
| Metric | Value |
|---|---|
| Current Price | $0.295 |
| 24h Change | +0.33% |
| All-Time High | $1.40 (Mar 2025) |
| Market Cap | $82.50M |
| 24h Volume | $13.11M |
| Circulating Supply | 280M RED (28%) |
| Max Supply | 1B RED |
What Is RedStone (RED)?
RedStone revolutionizes oracle services by:
- Pulling data only when required (vs. traditional push models).
- Storing signed data off-chain to reduce gas fees.
- Supporting cross-chain compatibility for seamless dApp scaling.
Its modularity allows developers to integrate custom data feeds, making it ideal for lending protocols, derivatives platforms, and insurance solutions.
RED/USD Converter
Use the interactive tool above to convert between RED and USD.
FAQ
1. How does RedStone differ from Chainlink?
RedStone uses an on-demand pull mechanism, while Chainlink relies on frequent on-chain updates. This makes RedStone more gas-efficient for high-frequency dApps.
2. What drives RedStone’s price?
Key factors include:
- Adoption by DeFi platforms
- Crypto market trends
- Updates to its modular oracle network
3. Where can I buy RED tokens?
RED is available on major exchanges like OKX and others.
4. What’s RedStone’s long-term potential?
With DeFi’s growth, demand for scalable oracles like RedStone could rise significantly, especially in multi-chain environments.
Market Analysis
- Current Sentiment: Neutral (0.00% market dominance).
- Key Support Level: $0.285.
- Resistance Level: $0.297.
Data updates every 24 hours. Always DYOR before investing.
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2. **Content Expansion**: Detailed RedStone’s technology, added comparison to Chainlink, and included trading tips.