RedStone Launches Price Feeds on Solana via Wormhole Queries

RedStone, a prominent provider of oracle solutions, has officially launched its price feeds on the Solana blockchain, utilizing the capabilities of Wormhole Queries. This strategic move aims to enhance Solana’s decentralized finance (DeFi) ecosystem by delivering fast and reliable data feeds for both traditional and cryptocurrency assets, according to Wormhole.

Enhancing Real-World Asset Integration

The integration of RedStone’s modular oracle infrastructure with Wormhole Queries marks a significant advancement in bridging the gap between traditional finance and blockchain technology. This collaboration brings institutional-grade tokenized assets, such as Apollo’s ACRED and Blackrock’s BUIDL, into Solana’s high-performance DeFi network. A key focus is on real-world assets (RWAs) through a partnership with Securitize, which facilitates the inclusion of over $20 billion in tokenized funds.

Robust Data Security and Accessibility

Wormhole Queries provide a robust, reliable data source across the blockchain industry, enabling developers to access highly attested Solana account and PDA data with the full security guarantees of the Wormhole Guardian network. Each query is backed by thirteen independent cryptographic signatures, ensuring secure, cross-chain data verification without the need for redeploying infrastructure. This allows developers to integrate secure, composable price feeds for RWAs efficiently.

Wider Implications for Solana’s DeFi Ecosystem

The integration has already attracted significant interest from leading Solana protocols, such as Kamino and Drift, which are incorporating RedStone’s oracle feeds into their systems. This opens up new possibilities for DeFi applications, making previously inaccessible tokenized assets available to Solana users. The expansion underscores the potential for significant growth in RWA-powered DeFi on Solana, leveraging the network’s high throughput and low transaction fees.

Supporting Cross-Chain Applications

With support for over 35 blockchain networks, Wormhole Queries are designed for mission-critical applications requiring low-latency, verifiable data. This infrastructure is poised to drive institutional adoption by providing secure and efficient access to tokenized assets. Securitize, a key partner, manages over $3.6 billion in tokenized assets, collaborating with major asset managers like BlackRock, Apollo, and VanEck.

As Solana continues to evolve as a leading DeFi platform, the integration of RedStone price feeds and Wormhole Queries is expected to significantly enhance its appeal to institutional investors and developers alike.

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