RedStone

RedStone is an oracle network whose token trades under the symbol RED. Oracle networks solve the problem of connecting blockchain-based applications to real-world data, such as asset prices, so that decentralised lending markets and other protocols can operate safely. RedStone focuses particularly on yield-bearing assets like liquid staking tokens and liquid restaking tokens, serving clients such as Spark, Morpho, Compound, Pendle, and more than eighty other DeFi protocols.

RedStone delivers price feeds and other off-chain data on-chain to smart contracts that require it, with the project describing its application layer as RedStone Finance. The RED token exists within this system, though the data stored here does not specify a consensus algorithm or block time, so the precise on-chain settlement mechanism is not described in what this site holds. What is recorded is that roughly 496,682,216 RED tokens are in circulation out of a maximum supply of 1,000,000,000, meaning just under half the total supply has been issued to date.

The data stored on this site does not include a fee-stream figure for RedStone, so this page cannot describe where protocol revenue comes from, who pays it, or who receives it. What the data does show is that the fully diluted valuation is approximately 2.01 times the current market capitalisation at this point in time, and that the dilution overhang — tokens authorised but not yet circulating — stands at roughly 101.34 percent of the current circulating supply, also measured at this point in time. This means the supply available to be released is larger than what is already circulating, a structural fact relevant to understanding the token's economics over time.