So, I was in a group chat the other day, and someone casually dropped $REDSTONE into the convo. At first, I thought they were talking about some random in-game currency (because let’s be real, half these token names sound like they came straight out of RuneScape). But nah, turns out it’s an oracle project that’s apparently doing things differently.
Now I usually don’t pay much attention to oracle plays, too many of them just copy-paste the same model. But RedStone keeps coming up, Modular architecture, cross-chain compatibility, feeds for stuff beyond just crypto prices (LRT, BTCFi, RWA). And they’re using Arweave for historical data tracking, which is kinda wild. Supposedly, they haven’t had any mispricing incidents, which, if true, is actually impressive.
I saw somewhere that the total supply is 280M on ETH, but what’s the actual play here? Would love to hear from people who’ve been tracking this longer than I have.