Zach Anderson
Might 29, 2025 05:27
RedStone has launched on Solana, leveraging Wormhole Queries to offer dependable value feeds for crypto and conventional belongings, enhancing Solana’s DeFi ecosystem.
RedStone, a outstanding supplier of oracle options, has formally launched its value feeds on the Solana blockchain, using the capabilities of Wormhole Queries. This strategic transfer goals to reinforce Solana’s decentralized finance (DeFi) ecosystem by delivering quick and dependable information feeds for each conventional and cryptocurrency belongings, in line with Wormhole.
Enhancing Actual-World Asset Integration
The combination of RedStone’s modular oracle infrastructure with Wormhole Queries marks a major development in bridging the hole between conventional finance and blockchain know-how. This collaboration brings institutional-grade tokenized belongings, equivalent to Apollo’s ACRED and Blackrock’s BUIDL, into Solana’s high-performance DeFi community. A key focus is on real-world belongings (RWAs) by means of a partnership with Securitize, which facilitates the inclusion of over $20 billion in tokenized funds.
Strong Knowledge Safety and Accessibility
Wormhole Queries present a strong, dependable information supply throughout the blockchain trade, enabling builders to entry extremely attested Solana account and PDA information with the total safety ensures of the Wormhole Guardian community. Every question is backed by 13 unbiased cryptographic signatures, guaranteeing safe, cross-chain information verification with out the necessity for redeploying infrastructure. This enables builders to combine safe, composable value feeds for RWAs effectively.
Wider Implications for Solana’s DeFi Ecosystem
The combination has already attracted vital curiosity from main Solana protocols, equivalent to Kamino and Drift, that are incorporating RedStone’s oracle feeds into their methods. This opens up new potentialities for DeFi functions, making beforehand inaccessible tokenized belongings out there to Solana customers. The growth underscores the potential for vital progress in RWA-powered DeFi on Solana, leveraging the community’s excessive throughput and low transaction charges.
Supporting Cross-Chain Purposes
With assist for over 35 blockchain networks, Wormhole Queries are designed for mission-critical functions requiring low-latency, verifiable information. This infrastructure is poised to drive institutional adoption by offering safe and environment friendly entry to tokenized belongings. Securitize, a key associate, manages over $3.6 billion in tokenized belongings, collaborating with main asset managers like BlackRock, Apollo, and VanEck.
As Solana continues to evolve as a number one DeFi platform, the mixing of RedStone value feeds and Wormhole Queries is predicted to considerably improve its attraction to institutional buyers and builders alike.
Picture supply: Shutterstock