RedStone integrates oracle price feeds into TON blockchain

RedStone, a modular blockchain oracle supplier, at the moment introduced that it’s bringing its oracle options to the TON blockchain. With this transfer, RedStone turns into the primary oracle supplier to combine knowledge feeds into TON, the workforce mentioned.

Oracles play a key position in enabling sensible contracts to entry exterior knowledge not inherently accessible on the blockchain, corresponding to real-time asset costs.

The mixing of RedStone’s oracle knowledge feeds will present dependable, real-time knowledge to TON’s DeFi ecosystem, finally fueling the constructing of advanced monetary protocols, RedStone mentioned.

The workforce mentioned that integrating with TON requires overcoming its distinctive communication technique, which entails asynchronous messaging. RedStone has developed a sturdy relayer system to make sure constant worth updates and supply sensible contract templates for simpler integration.

RedStone CEO Jakub Wojciechowski mentioned the mission plans to broaden its knowledge feeds and develop new instruments to assist the expansion of TON’s DeFi ecosystem.

“Our imaginative and prescient for TON goes past integration. We wish to present builders with important instruments corresponding to sensible contract templates and automated relayers, making certain seamless knowledge move and uninterrupted service,” mentioned Wojciechowski.

“As TON’s DeFi sector evolves, we’ll proceed to broaden our knowledge providing to satisfy growing calls for, driving innovation and development within the area,” he added.

The TON ecosystem has seen outstanding development, with the entire worth of varied tasks reaching $412 million as of September 19, a rise of two,900% since January 1, in line with DefiLlama.

TON just lately secured a $30 million funding from Bitget and Foresight Ventures. The funding is geared toward bettering the adoption of the tap-to-earn mannequin and GameFi throughout the TON ecosystem.