RedStone launches HyperStone – an oracle supporting the HIP-3 framework of Hyperliquid

RedStone, a decentralized oracle network, has just announced HyperStone – a new data oracle specifically designed for Hyperliquid's HIP-3 framework, enabling the creation of permissionless perpetual markets (perpetual).

HyperStone provides fast and accurate data at the organizational level, enabling developers to deploy custom derivatives markets based on crypto assets, tokenized stocks, or real-world data.

According to RedStone, HyperStone has been operational for over 60 days on the testnet with more than 103 million data updates for the test markets ETH, BTC, and TSLA. This oracle will serve as the core data infrastructure for the HIP-3 markets – where pricing is entirely based on external data sources.

Co-founder Marcin Kaźmierczak stated: “HIP-3 offers developers the freedom to create markets without intermediaries, and HyperStone ensures that those markets operate on fast, accurate, and secure data.”

RedStone currently supports over 110 chains and rollups, integrating with major DeFi protocols such as Compound, Morpho, Pendle, and Securitize, with a total value protected of over 8.5 billion USD.