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RedStone Partners with Worldcoin to Bring Oracle Solutions to World Chain

3 March 2025
in Blockchain, News
Reading Time: 3 mins read
109 3
Home News Blockchain

RedStone has partnered with the Worldcoin project to bring its oracle solutions to the latter’s Layer 2 blockchain, World Chain.

The collaboration is expected to provide developers with high-quality, cost-efficient data for DeFi applications on the Optimism-based Layer 2 network. RedStone’s integration will provide the WorldChain’s developers with access to over 1,250 price feeds while maintaining Ethereum-grade security.

According to DefiLlama data, RedStone is currently the fourth-largest blockchain oracle. It powers 62 protocols—including Ethereum and Base—and secures around $6.5 billion in value. The project’s team stated the platform’s Pull Model is “a perfect match for World Chain’s human-centric vision.”

World Chain is built to facilitate real-world utility for millions of users, with DeFi playing a crucial role in offering financial services without central intermediaries. In January 2025, the network added support for another blockchain oracle service, Chainlink, and adopted its Cross-Chain Interoperability Protocol (CCIP) to enhance its interoperability with other blockchains.

RELATED: Worldcoin Targets Asia-Pacific for Growth, Executive Cites Greater Innovation Potential Over Europe

Meanwhile, this partnership further solidifies RedStone’s position in the blockchain space. The project recently announced the official addition of its native token RED to the Binance pre-market, on February 28, at 10:00 UTC. This marks a significant milestone for the token ahead of its full spot listing.

The RED token has a fixed maximum supply of 1 billion, locked in a non-upgradable smart contract. During the Binance pre-market phase, only 40 million RED—representing 4% of the total supply—will be in circulation. At the Token Generation Event (TGE), this will increase to 280 million RED, or 28% of the supply. From there, the total supply will gradually expand to 1 billion over four years. This controlled release strategy is designed to enhance security by mitigating risks associated with sudden token inflation, ensuring a more stable and protected ecosystem.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Tags: DeFiRedStoneWorld Chain
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Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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