About Redstone
Redstone is a modular blockchain oracle. Redstone’s native token, RED, can be staked by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in RedStone’s EigenLayer Actively Validated Service (AVS).
Buy Redstone
Trading Insights
Buyer Ratio
Traders
118
53.25%
Buyers
79
75.56%
Sellers
47
34.29%
Searched
223
Market Stats
Market Cap
£110.12M
-10.07%
FDV
£389.18M
Circ. Supply
283M RED
Max Supply
1B RED
Total Supply
597M RED
Diluted Valuation
£389.23M
Performance
Popularity
#273
Dominance
0%
Volume (24H)
£23.67M
112.03%
Volume (7D)
£97.40M
Volume (30D)
£231.52M
All time high
£0.69
Price Change (1Y)
-46.66%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of Redstone has increased by 0.28% in the last hour and decreased by 9.49% in the past 24 hours. Redstone’s price has also fallen by 11.45% in the past week. The current price is £0.39 per RED with a 24-hour trading volume of £23.67M. Currently, Redstone is valued at 43.43% below its all time high of £0.69. This all-time high was the highest price paid for Redstone since its launch.
The current circulating supply of Redstone is 282,956,515 RED which means that Redstone has as total market cap of £110,120,586.07.
Market details
RED vs markets
↘ 69.9%
RED vs BTC
↘ 69.93%
RED vs ETH
↘ 67.03%
Tags
defi
oracles
binance-launchpool
binance-listing
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xc43C6bfeDA065fE2c4c11765Bf838789bd0BB5dE |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.39 | ↘ 9.49% |
1 Day | £0.43 | ↘ 9.49% |
1 Week | £0.44 | ↘ 11.45% |
1 Month | £0.30 | ↗ 31.96% |
1 Year | £0.77 | ↘ 46.66% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Redstone is a modular blockchain oracle. Redstone’s native token, RED, can be staked within the ecosystem by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in RedStone’s EigenLayer Actively Validated Service (AVS).
RedStone is a decentralized data availability layer designed to optimize blockchain efficiency. It leverages modular architecture aiming to deliver fast, scalable, and cost-efficient data solutions for dApps and smart contracts.
RedStone uses a unique approach where data remains off-chain until needed, at which point it is delivered on-demand through its decentralized network. This method aims to enhance scalability. The protocol integrates with multiple blockchain ecosystems, ensuring broad compatibility and accessibility for developers.
The RedStone protocol supports various applications within the blockchain space. It provides price feeds for DeFi platforms, aims to enhance data availability for Layer 2 solutions, and aims to enable cost-efficient oracle services. Its modular infrastructure potentially makes it suitable for projects requiring scalable data access.
RedStone was founded by a team of blockchain developers and data infrastructure experts aiming to improve the efficiency of blockchain data access.
We update our Redstone to GBP currency in real-time. Get the live price of Redstone on Coinbase.
The current market cap of Redstone is £110.12M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Redstone is £0.69. This all-time high is highest price paid for Redstone since it was launched.
Over the last 24 hours, the trading volume of Redstone is £23.67M.
Assets that have a similar market cap to Redstone include Yala, peaq, CoW Protocol, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Redstone is 283 million.
Redstone ranks 313 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Yes, Redstone is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Redstone guide.
Social stats
Popularity in posts
#336
Contributors
394
Posts
983
% About Redstone
0.072%
Hold times
0 days
X (Twitter)
38.01% bullish
Sentiment
4.1 ★
Highlights
394 unique individuals are talking about Redstone and it is ranked #336 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Redstone has an average sentiment score of 82 out of 5. Finally, Redstone is becoming less newsworthy, with 0 news articles published about Redstone.
On Twitter, people are mostly neutral about Redstone. There were 38.99% of tweets with bullish sentiment compared to 2.57% of tweets with a bearish sentiment about Redstone. 61.01% of tweets were neutral about Redstone. These sentiments are based on 974 tweets.
On Reddit, Redstone was mentioned in 0 Reddit posts and there were 0 comments about Redstone. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.