Coinspeaker
RedStone (RED) Soars 25% with “One Day Five Big Events”
RedStone is currently trading at $0.5882, marking a 23% increase in the past 24 hours. The token’s market capitalization has jumped to $164 million, following a series of major announcements by the RedStone team on X.
RedStone’s Five Major Announcements
RedStone has secured a spot as the primary oracle provider for Securitize, a key player in the real-world asset (RWA) tokenization space, which includes BlackRock’s BUIDL fund.
While talking about the partnership, Securitize co-founder Carlos Domingo said RedStone will allow the firm to “transact with tokenized securities on-chain, but also integrate them into existing DeFi infrastructure and develop entirely new DeFi primitives.”
RedStone also announced new staking incentives for RED holders through EigenLayer (EIGEN). EIGEN tokens will be periodically released to stakers in RedStone’s EigenLayer AVS.
https://twitter.com/redstone_defi/s
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