RedStone, a modular blockchain oracle provider, today announced that it is bringing its oracle solutions to the TON blockchain. With this move, RedStone becomes the first oracle provider to integrate data feeds into TON, the team said.
Oracles play a key role in enabling smart contracts to access external data not inherently available on the blockchain, such as real-time asset prices.
The integration of RedStone’s oracle data feeds will provide reliable, real-time data to TON’s DeFi ecosystem, ultimately fueling the building of complex financial protocols, RedStone said.
The team said that integrating with TON requires overcoming its unique communication method, which involves asynchronous messaging. RedStone has developed a robust relayer system to ensure consistent price updates and provide smart contract templates for easier integration.
RedStone CEO Jakub Wojciechowski said the project plans to expand its data feeds and develop new tools to support the growth of TON’s DeFi ecosystem.
“Our vision for TON goes beyond integration. We want to provide developers with essential tools such as smart contract templates and automatic relayers, ensuring seamless data flow and uninterrupted service,” said Wojciechowski.
“As TON’s DeFi sector evolves, we will continue to expand our data offerings to meet increasing demands, driving innovation and growth in the space,” he added.
The TON ecosystem has seen remarkable growth, with the total value of various projects reaching $412 million as of September 19, an increase of 2,900% since January 1, according to DefiLlama.
TON recently secured a $30 million investment from Bitget and Foresight Ventures. The funding is aimed at improving the adoption of the tap-to-earn model and GameFi within the TON ecosystem.