RedStone, a modular blockchain oracle supplier, introduced at present it’s bringing its oracle options to the TON blockchain. With this transfer, RedStone turns into the primary oracle supplier to combine knowledge feeds into TON, the group mentioned.
Oracles play a key function in enabling good contracts to entry exterior knowledge that isn’t inherently out there on the blockchain, reminiscent of real-time asset costs.
The combination of RedStone’s oracle knowledge feeds will present dependable, real-time knowledge to TON’s DeFi ecosystem, in the end fostering the constructing of advanced monetary protocols, in accordance with RedStone.
The group mentioned that integrating with TON requires overcoming its distinctive communication technique, which entails asynchronous message transmission. RedStone has developed a sturdy relayer system to make sure constant value updates and supply good contract templates for simpler integration.
Jakub Wojciechowski, CEO of RedStone, mentioned the mission plans to increase its knowledge feeds and develop new instruments to assist the expansion of TON’s DeFi ecosystem.
“Our imaginative and prescient for TON goes past integration. We’re dedicated to offering builders with important instruments like good contract templates and computerized relayers, making certain seamless knowledge move and uninterrupted service,” Wojciechowski mentioned.
“As TON’s DeFi sector evolves, we’ll proceed increasing our knowledge choices to satisfy its growing calls for, driving innovation and development within the house,” he added.
The TON ecosystem has seen exceptional development, with the entire worth locked in varied initiatives reaching $412 million as of September 19, a 2,900% improve since January 1, per DefiLlama.
TON has not too long ago secured a $30 million funding from Bitget and Foresight Ventures. The funding is aimed toward enhancing the adoption of the tap-to-earn mannequin and GameFi throughout the TON ecosystem.