What Is RedStone (RED)? How It Works, Tokenomics and Risks

RedStone is an oracle protocol that delivers price and NAV (net asset value) data to smart contracts across multiple blockchains, with a particular focus on yield-bearing collateral for lending markets and tokenized real-world assets (RWA). Its native token, RED, trades on Binance Futures through the REDUSDT pair. As of November 12, 2026, RED is priced at $0.13282 with a market cap of $76.17 million, ranking #310 according to CoinGecko data.

According to RedStone's official description on CoinGecko, the project positions itself as the fastest-growing oracle, with clients including Spark, Morpho, Compound, Pendle, Venus, Lido, EtherFi, Ethena, Puffer, Balancer, Lombard, Enzyme, Frax, Agora, M^0, and over 80 other protocols. RedStone claims to secure more than $10 billion in asset value through its data feeds.

RED Summary

As of November 12, 2026.

The Problem It Aims to Solve

Smart contracts can't natively know real-world asset prices. They need oracles, a layer that bridges off-chain data to on-chain systems, for lending, derivatives, and other DeFi products to function with accurate pricing.

RedStone targets a more specific gap: tokenized real-world assets need three things that tokenization alone doesn't provide. First, a price or NAV the market trusts, since lending markets need it to accept an asset as collateral. Second, an independent risk rating, because offchain assets typically carry a credit history that most tokenized assets lack onchain. Third, instant liquidity, since redemption on tokenized funds can take anywhere from T+1 to six months, while onchain lending liquidations happen in seconds.

According to RedStone's official website, that mismatch leaves more than $30 billion in tokenized assets sitting idle, meaning they can be held but not productively used as collateral or traded with real liquidity.

How RedStone Works

RedStone delivers pricing data through several delivery models, Pull, Push, and X-Layer, which according to its official site support more than 110 blockchains. Conceptually, an oracle like this aggregates data from multiple sources, validates it, and cryptographically signs it before delivering it onchain, so smart contracts can verify the data hasn't been tampered with.

On top of that base data layer, RedStone runs three main products. First, pricing and NAV coverage for any asset across 110+ networks with continuous Proof of Reserve, where every price is independently sourced, validated, and signed before delivery. RedStone claims to be the first oracle to publish NAV onchain for BlackRock's BUIDL fund, in partnership with Securitize.

Second, Credora, an independent risk rating service on an A+ to D scale, which according to the official site has rated over $10 billion in assets across more than 100 products. Third, RedStone Settle, an instant liquidity service where holders can redeem and lenders can liquidate at T+0, with liquidity providers paying out in stablecoins while carrying the redemption period on their own balance sheet.

RED Token Utility

Based on the sources we checked, RedStone's official description and website don't explicitly detail RED's utility mechanics, whether it's used for staking, fee payment, or governance. What's confirmed from the available data: RED is RedStone's native token, categorized under Binance Launchpool on CoinGecko, and traded on derivatives markets via the REDUSDT pair on Binance Futures.

Since the technical utility mechanism isn't fully spelled out in the official sources we checked, readers wanting a complete picture of RED's functional role should review RedStone's official documentation before making trading decisions.

RED Tokenomics

RED's maximum supply is capped at 1.00 billion tokens, equal to its total supply, meaning there's no new minting beyond that cap based on available data. As of November 12, 2026, circulating supply stands at 573.48 million tokens, roughly 57% of the maximum.

The gap between market cap ($76.17 million) and FDV ($132.82 million) shows about 43% of supply hasn't yet entered circulation. Details on when and how the remaining tokens will be released, including allocation for team, investors, or community, and any vesting or unlock schedule, aren't disclosed in the sources we checked. Burn mechanisms or additional inflation details are also unavailable in our data.

Team, Funding and Brief History

RedStone's official website describes itself as built by a team of DeFi experts, on a mission to become the most widely used oracle network in DeFi, claiming trust from more than 200 protocols across 110+ chains. One named individual appearing in the sources is Marcin Kazmierczak, RedStone's COO, referenced via an interview title on FINTECH.TV discussing the future of oracles.

Information on funding rounds, investor names, or capital raised isn't available in the sources we checked.

On the business activity side, several events documented on the official site and in media coverage show RedStone expanding partnerships through 2026. The Block reported that Tempo, the Stripe-backed global payments network, uses RedStone as its data oracle. CoinDesk reported that Securitize and RedStone are piloting a Trusted Single Source Oracle to secure tokenized fund NAVs. Yahoo Finance covered RedStone Settle enabling instant onchain exits for New York Life Investment Management's (NYLIM) $838 billion tokenized bond fund. Cointelegraph reported RedStone launching price feeds for the Stellar ecosystem.

On the content side, The RedStone Podcast hosted several institutional finance guests throughout October 2026, including Todd McDonald of R3, Rob Krugman of Broadridge, Victor Jung of Hamilton Lane, Jeff Marsilio of Newton, and Sidney Powell of Maple. On November 5, 2026, the official site noted RedStone bringing price feeds and rapid settlement to Hadron by Tether.

Market and On-chain Data

As of November 12, 2026, CoinGecko lists RED's price at $0.13282, with 24-hour trading volume of $2.30 million. Over the past 30 days, the price fell 15.4%, and over the past year it's down 57.0%. Compared to its ATH of $0.93246 reached on March 6, 2025, the current price is down roughly 86%.

On Binance Futures, the REDUSDT pair trades around $0.13240, down 2.65% over 24 hours, with 24-hour volume of $3.2 million. Binance Futures' own price data shows REDUSDT down 16.3% over 30 days, but up 46.1% over 90 days, pointing to a sharp rally phase before the correction seen over the past month. The latest funding rate is 0.0050% per period, a relatively small figure suggesting it's currently cheap to hold a long position in futures, meaning there's no heavy skew of pressure from either side of the market.

Open interest (OI), the total value of outstanding futures contracts, stands at $2.1 million, down 29.3% over 30 days. This drop in OI signals fading trader interest in REDUSDT futures contracts compared to a month ago. On the positioning side, only 39% of accounts on Binance Futures hold long positions, meaning the majority, about 61%, are positioned short. This composition may reflect cautious or bearish sentiment toward RED in the near term.

What It Means for Traders

A funding rate close to zero (0.0050%) suggests the cost of holding long or short positions on REDUSDT futures is fairly balanced, with no extreme pressure from either side. Still, the 29.3% drop in open interest over 30 days is worth watching, as it could mean speculative interest in this contract is shrinking, which usually comes with lower-than-usual volatility.

A long account ratio of just 39% shows most Binance Futures traders are actually holding short positions. If sentiment suddenly flips and price rallies fast, an overcrowded short side could trigger a short squeeze, where short traders are forced to buy back to close positions, pushing prices up even faster.

Relatively thin daily volume, $2.30 million on spot per CoinGecko and $3.2 million on Binance futures, means large orders can move the price more than usual, raising slippage risk. Traders looking to enter sizable positions should check order book depth before executing.

On the catalyst side, it's worth tracking new partnership announcements, such as the Hadron by Tether integration announced on November 5, 2026, or further developments from the Tempo (Stripe) and Securitize partnerships, since this kind of news has historically drawn market attention to RWA oracle tokens.

Competitors

All three competitors operate in the oracle space, but RedStone specifically differentiates itself through NAV products for tokenized assets, risk ratings via Credora, and instant liquidity via RedStone Settle, areas that haven't been a primary focus for its competitors based on the sources we checked.

RED Risks

Several concrete risks worth considering before assessing RED:

• Supply dilution: only 573.48 million of the 1.00 billion max supply is in circulation, about 43% remains outside the market. The schedule and allocation for releasing the rest aren't disclosed in the sources we checked, so future dilution risk can't be precisely measured.
• Thin liquidity: daily volume is just $2.30 million on spot and $3.2 million on Binance futures, relatively small compared to its market cap. Large orders risk moving the price significantly.
• High volatility: price is down 86% from its ATH of $0.93246 (March 6, 2025), and down 57% over the past year, despite a 46.1% gain over 90 days. This pattern shows RED can swing sharply in either direction.
• Leverage risk: trading REDUSDT futures on Binance carries liquidation risk from leverage. Open interest down 29.3% over 30 days combined with a long ratio of just 39% signals an unbalanced market positioning that could amplify price moves on new sentiment shifts.
• Dependence on institutional clients: RedStone's business model relies heavily on partnerships with major DeFi protocols (Spark, Morpho, Compound, and others) and traditional finance institutions (BlackRock via Securitize, NYLIM, Tempo). If these partnerships shrink or shift to other oracle providers, demand for RedStone's data feeds could be affected.
• Trusted Single Source Oracle model: the product being piloted with Securitize is designed to place trust in a single oracle source for specific fund NAVs, which conceptually carries more centralization risk compared to decentralized oracle models with many independent nodes.
• RWA regulatory risk: since RedStone serves many tokenized real-world assets like bond and equity funds, regulatory shifts around tokenized securities in various jurisdictions could impact demand for RedStone's services.

How to Buy and Trade RED in Indonesia

Based on the data we checked, RED is available for derivatives trading on Binance Futures via the REDUSDT pair. Spot pair availability on Binance or other exchanges needs to be checked directly on each platform, as that information isn't covered in our source data.

In Indonesia, crypto asset trading is supervised by OJK. It's advisable to use exchanges registered and licensed in Indonesia for crypto transactions, including when trading REDUSDT futures through entities serving Indonesian users.

For futures trading specifically, like REDUSDT, remember that leverage amplifies both potential gains and losses. With open interest currently declining and an unbalanced long-short ratio as described above, sudden liquidation risk should be factored in before opening leveraged positions.

FAQ

Is RED legal to trade in Indonesia?

Crypto assets including RED can be traded in Indonesia through exchanges registered and supervised by OJK. Make sure the platform holds proper licensing before trading, especially for derivatives like futures.

What is RED's maximum supply?

RED's maximum supply is capped at 1.00 billion tokens, matching its total supply. As of November 12, 2026, only 573.48 million tokens are in circulation, roughly 57% of the max supply.

How does RedStone differ from Chainlink or Pyth Network?

RedStone, Chainlink, and Pyth are all oracles feeding price data to smart contracts. RedStone's distinction is its focus on yield-bearing collateral and NAV pricing for tokenized real-world assets, through products like Credora risk ratings and RedStone Settle, while Chainlink and Pyth cover a broader range of general DeFi data feeds.

Why is RED's price far below its all-time high?

RED hit an ATH of $0.93246 on March 6, 2025. As of November 12, 2026 it trades at $0.13282, down about 86% from that peak, alongside a shrinking market cap and relatively thin trading volume.

What is RedStone Settle?

RedStone Settle lets holders of tokenized assets redeem instantly at T+0 through liquidity providers that carry the redemption period on their own balance sheet. According to RedStone's official site, it's already live for New York Life Investments' $838 billion tokenized bond fund.

Where can RED be traded?

Based on the data we checked, RED is available on Binance Futures via the REDUSDT pair. For spot pairs, check the asset list on your exchange directly since that wasn't covered in our source data.