HTX Ventures Invests in RedStone's Modular Oracle Platform

HTX Ventures, the investment arm of the cryptocurrency exchange HTX, has recently made a strategic investment in RedStone, a rapidly growing modular oracle platform in 2024. RedStone stands out for providing diverse and high-frequency data feeds to various networks, including EVM Layer1, Layer2, and Rollup-as-a-Service networks like Starknet, Fuel Network, and TON.

RedStone's modular design allows it to offer unique data feeds, with a particular focus on yield-bearing collateral for lending markets such as LSTs and LRTs. The platform's pricing engine ensures accuracy by continuously updating, and its chain-agnostic nature enables it to serve multiple ecosystems and app chains.

With a Total Value of $4 billion, RedStone has expanded to over 60 chains and served more than 100 clients. The recent $15 million Series A funding round led by Arrington Capital will further boost RedStone's Marketing and Business Development efforts for future growth. The platform is currently testing Oracle Extractable Value (OEV) implementation and gearing up for the launch of its native token later this year.

HTX Ventures recognizes RedStone's modular design as a significant advancement in DeFi, offering users precise data feeds and versatile data services across different layers. RedStone's CEO, Jakub Wojciechowski, expressed gratitude for the Series A funding, highlighting the company's dedication to providing reliable real-world data to blockchain protocols.

As RedStone prepares for the launch of Season 2 of RedStone Expedition, an interactive community engagement initiative, participants can earn RSG (RedStone Gems) points through various activities. HTX Ventures, known for supporting innovative blockchain projects, backs over 300 initiatives and collaborates with leading global blockchain funds to foster growth in the ecosystem.

RedStone's partnership with HTX Ventures marks a significant milestone in the DeFi space, promising enhanced data services and continued innovation. With its commitment to delivering accurate and reliable data, RedStone is poised to make a lasting impact on blockchain protocols and the broader cryptocurrency ecosystem.