RedStone, a modular blockchain oracle supplier, introduced at this time 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 that’s not inherently obtainable 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 fostering the constructing of advanced monetary protocols, based on RedStone.
The workforce mentioned that integrating with TON requires overcoming its distinctive communication methodology, which entails asynchronous message transmission. RedStone has developed a strong relayer system to make sure constant value updates and supply sensible contract templates for simpler integration.
Jakub Wojciechowski, CEO of RedStone, mentioned the undertaking plans to increase 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’re dedicated to offering builders with important instruments like sensible contract templates and automated relayers, guaranteeing seamless knowledge move and uninterrupted service,” Wojciechowski mentioned.
“As TON’s DeFi sector evolves, we’ll proceed increasing our knowledge choices to satisfy its growing calls for, driving innovation and progress within the area,” he added.
The TON ecosystem has seen exceptional progress, with the whole worth locked in numerous initiatives reaching $412 million as of September 19, a 2,900% enhance since January 1, per DefiLlama.
TON has lately secured a $30 million funding from Bitget and Foresight Ventures. The funding is aimed toward enhancing the adoption of the tap-to-earn mannequin and GameFi throughout the TON ecosystem.
