RedStone Integrates Oracle Price Feeds into TON Blockchain

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RedStone, a provider of modular blockchain oracles, today announced that it is integrating its oracle solutions with the TON blockchain. With this move, RedStone becomes the first oracle provider to integrate data feeds into TON, the team said.

Oracles play a key role in allowing smart contracts to access external data that is not inherently available on the blockchain, such as real-time asset prices.

The integration of RedStone’s Oracle data feeds will provide reliable, real-time data to TON’s DeFi ecosystem, enabling the building of complex financial protocols, according to RedStone.

The team said that integrating with TON requires overcoming its unique communication method, which involves asynchronous message passing. RedStone has developed a robust relay system to ensure consistent price updates and provides smart contract templates for easier integration.

RedStone CEO Jakub Wojciechowski said the project plans to expand its data feeds and develop new tools to support the growth of TON’s DeFi ecosystem.

“Our vision for TON goes beyond integration. We are committed to providing developers with essential tools such as smart contract templates and automatic relays, ensuring smooth data flow and uninterrupted service,” said Wojciechowski.

“As TON’s DeFi sector evolves, we will continue to expand our data offerings to meet its growing demands, driving innovation and growth in this space,” he added.

The TON ecosystem has seen remarkable growth, with the total value locked in various projects reaching $412 million as of September 19, a 2,900% increase since January 1, according to DefiLlama.

TON recently secured a $30 million investment from Bitget and Foresight Ventures. The funding is aimed at improving the adoption of tap-to-earn and GameFi within the TON ecosystem.

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