Binance Lists RedStone (RED): Decentralized Oracle Network Joins Market Race Against Chainlink, Pyth

• Binance lists RedStone (RED), boosting visibility and competition against Chainlink (LINK) and Pyth Network.
• Only 28% of the RED supply floats at TGE, with early backers’ funds locked for a year. 
• RED Staking Flywheel with EigenLayer offers BTC, ETH, SOL, and USDC rewards, driving long-term demand.

Binance has officially announced the listing of RedStone (RED), a decentralized oracle network, which will help the project with liquidity and overall visibility.

With the listing, RedStone becomes the latest among oracle providers to compete directly against Chainlink (LINK) and Pyth Network.

The decentralized oracle provider aims to supply off-chain data to smart contracts. This makes it valuable in DeFi, gaming, and blockchain applications. Moreover, the project is gaining attention for its upcoming mainnet launch. 

Growing Demand & Binance Backing Could Boost RedStone’s Profile

RedStone’s listing happens at a time when demand for reliable oracles is on the rise. 

Although Chainlink (LINK) has dominated the sector, newer entrants like RedStone have included customizable data streams …

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