RedStone has introduced HyperStone, a new data oracle designed to support Hyperliquid's HIP-3 framework, facilitating the creation of permissionless perpetual contract markets. This development aims to provide developers with a faster and more reliable source of price data for building derivatives markets. HyperStone will enable the launch of perpetual contracts for a wide range of assets, including cryptocurrencies, tokenized stocks, and real-world data.
The oracle has been operational on the testnet for over 60 days, delivering more than 103 million data updates across ETH, BTC, and TSLA test markets. As part of RedStone's expansion within the Hyperliquid ecosystem, HyperStone has secured approximately 99.5% of the oracle-protected value on HyperEVM and is the official price data provider for Hyperliquid's stablecoin, USDH.
RedStone Launches HyperStone Oracle for Hyperliquid's Permissionless Markets
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