RedStone integrates oracle price streams into the TON blockchain

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RedStone, a modular oracle blockchain provider, announced today that it is bringing its oracle solutions to the TON blockchain. With the move, RedStone becomes the first oracle vendor to integrate data streams into TON, the team said.

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

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

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

Jakub Wojciechowski, CEO of RedStone, said the project plans to expand its data streams 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 automated relays, ensuring seamless 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 the 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 from January 1, per DefiLlama.

TON recently secured a $30 million investment from Bitget and Foresight Ventures. The funding aims to improve the adoption of the tap-to-earn and GameFi model within the TON ecosystem.

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