RedStone launches HyperStone oracle to support permissionless markets on Hyperliquid
ChainCatcher news, according to The Block, the decentralized oracle network RedStone has launched a dedicated data oracle called HyperStone. This oracle supports Hyperliquid's HIP-3 framework, enabling permissionless perpetual contract market creation.
This new infrastructure aims to provide developers building derivatives markets with faster and more reliable price data sources. HyperStone will serve as the data backbone for HIP-3 markets, allowing developers to launch perpetual contracts for virtually any asset, ranging from cryptocurrencies to tokenized stocks and real-world data.
RedStone stated that HyperStone has been running on the testnet for over 60 days, delivering more than 103 million data updates in ETH, BTC, and TSLA test markets. This launch is part of RedStone's broader expansion within the Hyperliquid ecosystem.
The company claims that it has secured approximately 99.5% of oracle-protected value on HyperEVM and has become the official price data provider for Hyperliquid's native stablecoin USDH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Client nodes, console, and API were not modified; Chainstack discloses attacker used the ARTEX framework
Elon Musk changes his stance! Tesla (TSLA.US) delays Cybertruck production halt to late summer 2027, just two days after suggesting “refund deposits”
Elon Musk stated that Cybertruck production will be extended until late summer 2027 to clear the order backlog, and Tesla's stock price rose by about 4%.
Japanese dovish policymaker urges "slow down": Price increases are not driven by demand, rate hikes may drag down the economy and inflation
Toichiro Asada, a member of the Bank of Japan's Policy Board, stated that the central bank needs to remain cautious and closely monitor the impact of rate hikes on the economy, as rising interest rates pose the risk of suppressing the inflation trend.
Crypto prices
More
