Oracle provider RedStone has launched its price feed infrastructure on the Stellar mainnet and made price data accessible for major crypto assets such as Bitcoin (BTC), Ether (ETH), USD Coin (USDC), PayPal USD (PYUSD), and Franklin Templeton BENJI tokenized money market fund. This infrastructure is designed to support DeFi applications such as lending markets, decentralized exchanges (DEX), and tokenized real-world asset (RWA) platforms developed on Stellar.
Blockchain oracle market share data. Source: DefiLlama
RedStone’s Stellar Mainnet Launch Details
RedStone’s Stellar integration opens the XLM ecosystem to DeFi. BTC reaching 70,000 dollars on CME and its %5 rise in recent hours (BTC detailed analysis) is increasing oracle demand. Stellar’s low-fee structure is becoming ideal for RWA tokenization.
Supported Assets and XLM DeFi Applications
Assets like BTC, ETH, USDC, PYUSD, and BENJI can now access real-time prices on Stellar DEXes. This strengthens lending protocols and RWA platforms. XLM is evolving from traditional payments to DeFi.
RedStone Price Feeds’ Security Mechanisms
Deviation-based updates (%0,5-1 tolerance) and freshness checks prevent data manipulation. This system minimizes low-volume market risks.
Chainlink Competition and RedStone’s 5.5% Market Share
Challenging Chainlink’s dominance (LINK futures), RedStone is growing on Stellar. According to DefiLlama data, its share is increasing.
YieldBlox Attack: Lessons from 10 Million Dollars
The Blend-based hack in February highlighted the dangers of low-volume pricing. RedStone offers %0,5-1 security with deviation checks.
XLM Price and Technical Analysis: Support-Resistance Levels
XLM price 0,16 USD, 24h +%5,16. RSI 43,54 (neutral), downtrend. For XLM detailed analysis:
| Level | Price | Score | Distance |
|---|---|---|---|
| S1 | 0,1548 | 71/100 ⭐ | -1,28% |
| S2 | 0,1473 | 62/100 ⭐ | -6,06% |
| R1 | 0,2374 | 65/100 ⭐ | +51,40% |
| R2 | 0,1624 | 64/100 ⭐ | +3,57% |
Supertrend bearish, EMA20 0,1604. BTC rally could support XLM.
Source: https://en.coinotag.com/redstone-launches-price-feeds-on-stellar-xlm-defi
