Finance

RedStone Deploys First Push Oracle on GIWA Layer-2 Testnet

3 hours ago
Bitcoin Ethereum News

Key Highlights:

  • RedStone announces launch of its first Push oracle on GIWA testnet today, November 19, 2025.
  • GIWA now supports both push and 300+ Pull feeds.
  • RED token price surged by 0.8% after the announcement was made public.

RedStone has announced on social media platform X, the deployment of its first Push oracle model on the GIWA public testnet today, November 19, 2025. Upbit is starting with blue-chip ETH/USD and BTC/USD price feeds to give developers high-security, low-latency data. These feeds will support projects building on GIWA, the exchange’s new Layer 2 network that is designed specifically for builders.

The GIWA testnet now features live Push feeds from RedStone, complementing the existing availability of more than 300 RedStone Pull feeds. These pull feeds cover a broad range of digital assets including blue-chip stablecoins, restaked ETH derivatives, real-world assets (RWAs) such as gold and forex, and other tokenized financial instruments. The combined Push and Pull feed models allow GIWA developers to confidently test liquidation mechanisms, on-chain accounting and pricing-sensitive smart contract logic with deterministic and verifiable price data from trusted oracle sources.

After the announcement, the price of the RED token has gone up by 0.8% in the past hour and the price of the token stands at $0.2735.

RED surges 0.8% as soon as the announcement was made publicRED surges 0.8% as soon as the announcement was made public
RED surges 0.8% as soon as the announcement was made public

GIWA: A Vision for Builders and Enterprise Blockchain

GIWA is Dunamu’s new Layer-2 blockchain built using Ethereum’s Optimism OP Stack. It is designed in a way that it can handle more transactions, reduce gas fees, and make apps run faster. The goal is to support large-scale use cases, from everyday users to big companies.

RedStone is going live on the GIWA testnet fits perfectly with this plan. It gives developers reliable, ready-to-use oracle tools so they can easily build better DeFi apps on the network.

Strategic Commitment to South Korea’s Crypto Ecosystem

South Korea is known to be one of the most active markets for crypto, and RedStone has been investing in the region for a long time. They are not just deploying their tech, they also stay involved on the ground by meeting local developers and joining big events like Korea Blockchain Week.

RedStone’s COO, Marcin Kaźmierczak, even appeared on Korean TV to highlight as to why strong oracle infrastructure is necessary for the growing blockchain industry. The GIWA integration is another step in RedStone’s plan to support South Korean builders with reliable, high-quality oracle services.

Supporting Builders with Oracle Expertise

RedStone’s approach on GIWA is an indication that the project is prioritizing builder-centric support, emphasizing direct collaboration and rapid iteration based on developer feedback. The oracle team provides white-glove technical assistance to projects integrating RedStone feeds, helping them optimize usage and ensure reliability under high security standards. This is in line with RedStone’s ethos of “by builders, for builders,” leveraging four years of experience delivering low latency, dependable price data to top DeFi protocols.

This early development equips GIWA developers with necessary infrastructure to build liquidation engines, risk management systems, and on-chain accounting frameworks from the outset, that is backed by one of the industry’s most trusted oracle providers. The integration also promises increased security, depth of asset coverage, and low latency necessary for complex DeFi applications.

Looking Ahead

RedStone’s move into the GIWA testnet is important in expanding its oracle services across new Layer 2 networks, especially ones with active developer communities and strong demand, like South Korea. With both strong technology and a real presence in the region, RedStone aims to help more projects adopt decentralized price feeds for the next wave of DeFi tools.

In short, RedStone’s first push oracle on GIWA gives Upbit’s Layer 2 network the real-time pricing data it needs. This helps developers build secure and reliable DeFi apps, showing how oracle providers and Layer 2 solutions are working together to support builders in one of the fastest-growing crypto markets.

Also Read: Grayscale’s Dogecoin ETF Approaches Potential Launch Date

Source: https://www.cryptonewsz.com/redstone-deploy-first-push-oracle-giwa-testent/