RedStone integrates its real-time oracles on the TON blockchain

RedStone has introduced the first real-time price feeds on the TON blockchain. This revolutionary integration will enhance DeFi, GameFi, and social applications, providing accurate and real-time data to support TON’s expanding ecosystem.

Let’s see all the details below. 

New era for the TON blockchain: the integration of RedStone oracles promises real-time price data

RedStone, well-known provider of oracles for blockchain, has recently announced a significant breakthrough: the integration of its real-time price feeds on The Open Network (TON) blockchain.

This innovation represents a crucial step for the TON ecosystem, which will benefit from precise and up-to-date financial data. 

These are essential for the development of advanced applications in the decentralized finance sector (DeFi), blockchain-based games (GameFi), and decentralized social platforms.

With this move, RedStone marks the first integration of oracles on TON, creating a new standard for access to critical real-time data. 

In an interview, the chief operating officer of RedStone, Marcin Kazmierczak, confirmed that this integration represents an unprecedented step for TON: 

“Being the first oracle on this blockchain, we could not follow any existing model. It is a truly innovative implementation.” 

This marks not only a technical milestone, but also an opening towards new growth opportunities for the TON ecosystem.

The technological innovation of TON

Compared to traditional blockchains like Ethereum, the integration with TON presents unique challenges, mainly due to the technical design of this network.

TON uses a complex message transmission mechanism, instead of the classic smart contracts present in many other blockchains. 

This system requires particular attention to security measures and technical infrastructure. 

Kazmierczak highlighted that the integration was more challenging compared to EVM (Ethereum Virtual Machine) environments due to TON’s dedicated sharding system, which makes its operation more complex but also more efficient in terms of scalability.

This complexity has not discouraged RedStone, which has worked intensively to create a secure and reliable solution. 

Thanks to this integration, developers on TON can now access precise and real-time price feeds, an essential element for executing complex financial protocols that require decisions based on accurate data. 

This is particularly important for DeFi, where small errors in prices can lead to significant losses or inefficiencies in automated trading protocols.

The integration of RedStone oracles has the potential to transform the entire TON ecosystem. With the availability of real-time data, projects on TON can expand and create new types of applications. 

Kazmierczak explained that this integration could act as a multiplier for the growth of DeFi and GameFi applications on the network.

In particular, the GameFi ecosystem, which combines gaming elements with decentralized finance, could greatly benefit from more precise and up-to-date data. 

The ability to have accurate and reliable prices in real-time is fundamental for the functioning of many GameFi applications.

Which often depend on dynamic market mechanisms to incentivize players and maintain economic balance within the games.

At the same time, social applications on TON could see a significant expansion, mixing DeFi components to create new user experiences based on financial rewards or token-based reward mechanisms. 

Future prospects and expansion

In any case, RedStone does not stop here. The company is exploring further sectors that could benefit from its oracle technology, including liquid staking and restaking. 

These new horizons could open further avenues to improve the functionalities of the TON blockchain, making it more competitive in the global landscape of criptovalute.

Furthermore, the recent fundraising of 15 million dollars by RedStone, led by Arrington Capital, demonstrates the market’s confidence in the potential of this technology. 

This financing was used to expand RedStone’s products and to consolidate its position as a leader in the integration of oracles with innovative blockchains such as TON. 

The founder of Arrington Capital, Michael Arrington, stated that the decision to invest in RedStone was motivated by the company’s ability to “drive the evolution of Web3 infrastructure”.

The integration of RedStone with TON represents a new and promising chapter for both entities. 

TON, with its unique and highly scalable structure, could now attract new developers and projects thanks to the presence of reliable and real-time financial data, provided by RedStone. 

On the other hand, RedStone once again demonstrates to be a pioneer in the oracle sector, expanding its presence and technology on new blockchains.