Cryptocurrency RedStone experiences a 80% price surge following its listing on South Korean exchange Upbit
RedStone, a pioneering project in the Decentralised Finance (DeFi) space, has unveiled its latest offering, RedStone Atom. This innovative platform aims to address the current issues plaguing DeFi's liquidation mechanism.
RedStone Atom is set to make waves in the DeFi world, catering to a diverse range of protocols, Red-White-Blue (RWA) platforms, and decentralised applications (dApps) that require real-world data. The project's utility token, RED, is at the heart of this endeavour, powering RedStone's oracle infrastructure.
RED was listed on the Upbit platform on September 5, 2025, with trading commencing at 5:00 PM. The token's low supply and high utility could potentially drive its price up to $1.
RedStone operates across several blockchains, including Ethereum, Arbitrum, Avalanche, and Polygon, providing a multi-chain oracle network that delivers external data to these blockchains. This flexibility allows developers to pull data when needed, enhancing the overall functionality of the DeFi ecosystem.
Moreover, RED serves as the utility token for RedStone's oracle network, offering staking rewards to its users. The total supply of RED is capped at 1 billion, with a circulating supply of 280 million.
In summary, RedStone Atom presents an exciting opportunity to redefine the DeFi landscape by addressing the current liquidation issues and providing a robust, multi-chain oracle network. As the project continues to grow and evolve, it promises to bring about significant changes in the DeFi space.
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