

64th issue launchpool modular oracle: RED project analysis & reasonable currency price estimate
Mar 04, 2025 am 08:12 AMIn-depth analysis of the 64th issue of Launchpool project RED: Modular oracle prospects and currency price forecast
This article deeply analyzes the 64th issue of Launchpool project RED - a multi-chain oracle project across EVM and non-EVM chains, and makes reasonable estimates of the project fundamentals and currency price. The RED project was launched for only 2 days, with the total Launchpool volume of 40,000,000 RED (accounting for 4% of the maximum supply of tokens), and the initial circulation was 280,000,000 RED (accounting for 28% of the total supply of tokens).
Project Overview:
RedStone is a modular blockchain oracle founded in 2020 and incubated by Arweave Chain with the team from Estonia. Currently, it supports 70 chains and has more than 130 customers, including well-known projects such as Pendle, ENA, and Ether.fi. The core advantage of RedStone is high efficiency and low cost. Its uniqueness is that after integrating and signing off-chain data from multiple data sources, it is packaged and submitted to the blockchain, thereby ensuring data integrity and authenticity, significantly reducing Gas costs and improving efficiency.
Core features:
- Multi-chain data: Modular architecture separates data collection and transmission, achieving flexible and efficient cross-chain expansion without modifying the core data provider infrastructure.
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- Modular: Provides two modes: Push and Pull, giving projects the right to flexibly select data sources, and can choose to feed verified prices or customize raw data streams.
Push mode:
Push data to on-chain contracts through an off-chain repeater, compatible with all EVM chains, Starknet and Fuel Network.
Smart contracts actively request data, maximize Gas efficiency and simplify dApp data access.
Financing and Team:
RedStone received a total of US$22.52 million in January 2025, and the latest round of US$15 million financing was led by Arrington Capital. The information of team members is open and transparent, mainly composed of technical personnel.
Token Economics: The maximum supply of RED is 1 billion and the initial circulation is 280 million. Token allocation: 31.7% of early investors, 28.3% of ecosystem and data providers, 20% of core contributors, 10% of protocol development, and 10% of community. All tokens will be unlocked within 48 months, and the investor part will need to be locked for one year.Project risk analysis:
- Centralization risk: The data aggregation and signature process relies on a few nodes or data providers, and there may be centralization risk.
- Security and maturity: RedStone's security, attack resistance and stability still need time to be tested. Although off-chain processing saves gas fees, there are also potential issues in security and credibility.
Coin price estimate:
Given the numerous oracle projects, RedStone's innovation is limited and time-to-test, its market value is difficult to compare with leading projects such as Chainlink. Referring to the full diluted market value (FDV) of other oracle projects (Pyth, API3, TRB, BAND), the reasonable FDV of RedStone may be around US$500 million, with the corresponding currency price of approximately US$0.5. Launchpool mining income is usually between 1% and 2%. According to this estimate, the currency price may be overvalued. Therefore, it is recommended to participate in Launchpool mining and sell it in time. The risk of buying in the secondary market is high, so it is not recommended to blindly follow the trend.
The above is the detailed content of 64th issue launchpool modular oracle: RED project analysis & reasonable currency price estimate. For more information, please follow other related articles on the PHP Chinese website!

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