RedStone secures$15million in Series A funding to advanceWeb3infrastructure.
Points
- RedStoneattractedsignificantinterestsinceitsmainnetlaunchinJanuary2023.
- ThefundingwillsupportadvancementsinWeb3infrastructureandsecurity.
- RedStoneisnowthesixth-largestoraclesolutiontrackedbyDeFiLlama.
RedStone,a leading provider of blockchain oraclesolutions,has successfully completed a$15million Series A fundinground.Founded in2021as part of the Arweave incubationprogram,RedStone has attracted significant interest since its mainnet launch in January2023.The company now supports more than60blockchain networks and serves over100customers,achieving a valuation of$4billion.
The funds raised will be used to advanceWeb3infrastructure and enhance securitymeasures.Blockchain oracles are becoming a rapidly growing segment of the decentralized finance（DeFi）space.According to CoinMarketCapdata,the total market value of all cryptocurrencies related to oracles was$13.1billion as of June3.DeFiLlama data indicates that Chainlink remains the largest oraclesolution,securing over$24.3billion in total value across approximately400protocols.RedStone is currently thesixth-largestoracle solution tracked byDeFiLlama,with$1.32billion in total value secured across38protocols.
解説
- RedStone’ssuccessfulfundingroundhighlightstheincreasingimportanceofblockchainoraclesintheDeFispace.
- Thecompany’srapidgrowthandsignificantvaluationdemonstratethepotentialofinnovativesolutionsinadvancingWeb3infrastructure.
- Asthesixth-largestoraclesolution,RedStoneiswell-positionedtoplayacrucialroleinthefutureofdecentralizedfinance.