RedStone recently launched HyperStone, a oracle system specifically designed for the HIP-3 market of Hyperliquid. @redstone_defi HyperStone is equivalent to the data heart of Hyperliquid. In the future, anyone who wants to open a perpetual market on the chain can directly connect to RedStone's data source. No need for approval, no need to worry about delays and pricing issues. 1、 Let's talk about the background of this project first. RedStone @ redstones_defi is a Polish team founded in 2021 by Jakub Wojciechowski and Marcin Kazmierczak. They initially worked on oracle solutions within the Arweave ecosystem, but gradually developed into a modular multi chain data network. The team style leans towards technical engineering and rarely engages in marketing, but the technology has a good reputation in the industry. In terms of financing, it has received several rounds of investment from well-known institutions: Coinbase Ventures, Maven 11, Arweave, Amber, SevenX, Lattice, IOSG, and others are all on the list. It currently provides pricing services for over 100 projects, covering more than $10 billion in on chain assets, and has a market share of 99.5% in the HyperEVM oracle market. Simply put, almost all important data on this chain now runs on RedStone's system. 2、 Simply put, what is a oracle Smart contracts in blockchain cannot know the outside world on their own. For example, when trading BTC in a perpetual contract, the blockchain needs to know the current true price of BTC, and a oracle is needed to feed the data. The oracle pulls prices from various exchanges, encrypts signatures, and transmits them to the chain, allowing contracts to operate based on this price. So the oracle is very important. If the data provided is inaccurate and the update is slow, the entire trading platform's transactions will be chaotic. 3、 The difference between RedStone and traditional oracle The interesting thing about RedStone is that its route is completely different from several other veteran oracle machines. Chainlink is the big brother, with large institutional nodes, standardized pricing, and a focus on stability and coverage. Pyth focuses on high-frequency feeding, which is particularly suitable for Solana's low latency ecosystem. RedStone is taking a more developer friendly approach. RedStone, on the other hand, is more like a developer customizable menu. Its architecture is modular, so you can set what kind of data you want, how often to update it, and how to aggregate it yourself. It's a bit like a custom API package, with high flexibility. The advantage lies in the low cost, as the data is first packaged and stored on Arweave, reducing on chain writes and making gas cheaper. And it has a wide coverage, not only for encrypted assets, but also for feeding stock, index, RWA, AI model data. And the official said that the delay can be controlled within about 1 second, and the testing network has run hundreds of millions of updates. 4、 HyperStone, a deeply customized oracle for the Hyperliquid ecosystem This HyperStone is a deeply customized version of RedStone in the Hyperliquid ecosystem. When combined with the HIP-3 protocol, it can make creating a perpetual market a very simple thing, just like building blocks when I was a child. Developers can use HyperStone's data to open a PERP marketplace as long as they have an idea. For example, if someone wants to enter into a perpetual contract for Tesla stock, theoretically they can directly use RedStone's data stream to feed the price without having to build a complete system. At present, the data, pricing, and stablecoin support of the Hyperliquid ecosystem are all backed by RedStone. At present, the stablecoin USDH on HyperEVM also uses data from RedStone. The official said they have been running on the testing website for two months and updating data billions of times. After this launch, HyperStone is essentially equivalent to the official data layer of Hyperliquid.