Research Report on the Coin Circle Experienced Driver Project - RedStone Project Introduction RedStone is a cross chain data oracle technology designed to provide fast, cost-effective data access and complete historical audit tracking capabilities. Its decentralized dispute mechanism provides users with recourse in the event of inaccurate data provision. RedStone utilizes the Arweave blockchain to store data and track reputation. Participation link: https://accounts.marketwebb.blue/register?ref=11710895 Project financing situation RedStone has completed four rounds of financing: Pre seed round (July 2021): Financing amount of $520000, with investors including Arweave, 1kx, Maven11, Collider Ventures, KR1, TRGC, Bering Waters, etc. Seed round (August 2022): Fundraising amount of $7 million, with investors including Lemniscap, Coinbase Ventures, Blockchain Capital, Arweave, SevenX Ventures, The Graph, Maven11, etc. Unpublished round (May 2023): Investors include Stani Kulechov Sandeep Nailwal、Emin Gun Sirer、Alex Gluchowski、 Shuai Chu, Richard Ma, Jacob Blish, etc. Series A (July 2024): Financing amount of $15 million, with investors including Arrington Capital gumi Cryptos Capital、Kenetic Capital、HTX Ventures、Flowdesk、Spartan Group、Amber Group、SevenX Ventures、IOSG Ventures Wait. Project advantages Modular architecture RedStone adopts modular design, which has high flexibility and can provide customized data solutions according to the needs of different projects. The platform supports two modes: pull and push. Projects can choose high-quality price data that has been filtered and validated, or directly use the original data stream. This design makes it a universal oracle solution in DeFi and emerging blockchain systems, seamlessly integrated into various applications. Security and Scalability Optimization RedStone utilizes the AVS (Actively Verified Service) framework provided by EigenLayer to significantly reduce gas costs and improve scalability through off chain data validation. Compared to traditional oracle on chain verification, RedStone's off chain verification is more cost-effective and provides a more efficient solution for users and developers. Low latency and high stability RedStone performs excellently in terms of speed and accuracy of price updates, especially maintaining high stability during market volatility. For example, in the $2 billion liquidation event in February 2024, RedStone was able to update market data in a timely manner and performed better than other oracle providers such as Chainlink. In the Renzo (ezETH) decoupling event, RedStone's update speed also surpassed other mainstream oracle machines, demonstrating its superiority under extreme market conditions. Wide market adoption and customer growth As the second largest oracle provider in the industry, RedStone established partnerships with over 100 new customers in 2024 and provided services on more than 30 chains. Its clients include well-known DeFi projects such as Spark, Pendle, Ethena, etc., further demonstrating its widespread adoption in the market. Differentiation from mainstream oracle machines RedStone outperforms traditional oracle machines such as Chainlink and Pyth in terms of flexibility and speed in price push. It supports customized needs for multiple chains and markets, and can provide faster and more accurate data updates. In addition, the AVS framework used by RedStone provides a more competitive solution in terms of price validation and data reliability. Token information Token Name: RedStone (RED) Total token supply: 1000000000 RED Total amount of Launchpool: 40000000 RED (4% of the maximum token supply) Initial circulation: 28000000 RED (accounting for 28.00% of the total token supply) Token allocation: Early support: 31.7% Core contributors: 20% Binance Launchpool: 4% Community and Genesis: 10% Ecosystem and data providers: 24.3% Protocol development: 10% project evaluation RedStone is an innovative oracle project that provides strong support for the blockchain and DeFi fields through its efficient, secure, and low-cost data transmission solution. It utilizes EigenLayer's AVS framework, which has significant advantages in improving data update speed and reducing gas costs. Meanwhile, modular design and off chain verification mechanism enhance its scalability and security. However, RedStone still faces pressure from mature competitors such as Chainlink, as well as risks of technology dependence and token price fluctuations. In the future, RedStone needs to further strengthen its ecosystem construction and market promotion in order to occupy a place in the fiercely competitive market. Overall, RedStone has great potential for development, but its success still requires overcoming many challenges.