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According to Gate.io market data, the current price of the RED token is $0.61, with a 24-hour increase of 32.91%. Despite the general market decline, RED leads the market for altcoins. RED currently has a circulating market value of $172 million, ranking 228th in the overall market. Since its launch on Gate.io on March 6, RED's price has been showing a downward trend. After a brief drop to $0.4185 on March 11, RED began to rebound, reaching a high of $0.683.

RedStone is a modular blockchain oracle for [Web3](/web3) Gate DeFi provides customizable, low-cost, and secure data feeds. It uses the EigenLayer protocol to enhance security, ensuring data accuracy and preventing manipulation.

## RedStone Key Points Summary

### Working Principle

- Provide data through various data consumption models (pull, push, X model, hybrid model) to improve flexibility and efficiency.
- Collect price data from multiple sources, store it off-chain, and provide it to smart contracts when necessary.
- In 2025, the Active Verification Service (AVS) will be launched to ensure the credibility of data.

### Application Scenarios

- Decentralized lending: Provide accurate price data to prevent bad debts.
- Perpetual Trading: Providing the latest market data for DEX.
- Staking and Yield Farming: Used for yield calculation.
- Stablecoins and digital assets: ensuring stablecoin price stability.
- Multi-chain application: supports 70+ blockchains, suitable for cross-chain projects.

### RED Token

- Adopting the ERC-20 standard, supporting [Solana](/price/solana-sol) and Base network.
- Primarily used for staking to ensure network security and reward holders through the EigenLayer AVS mechanism.
- Total issuance of 1 billion tokens, with 70% of the tokens locked and released over four years.

### Security

- Audited by multiple institutions such as Halborn and PeckShield.
- Use [Arweave](/price/arweave-ar) Store encrypted signature records to ensure data integrity.

## RED Token Future Outlook

With the continuous development of the blockchain and DeFi ecosystems, the role of oracles becomes increasingly crucial, and RedStone, as an innovative modular oracle, has strong market potential. The RED Token, as the core of its ecosystem, will play a significant role in multiple aspects and may experience the following development trends:

### The demand for oracle market is growing, and the value of RED Token is increasing

The demand for efficient and secure data providers is strong in the fields of DeFi, stablecoins, derivatives trading, and yield farming. RedStone, with its modular architecture and EigenLayer AVS technology, is expected to attract more protocol integrations. As adoption rates increase, the demand for RED tokens may continue to grow.

### Long-term driver of the staking economic model

The staking mechanism of RED Token not only contributes to the security of the RedStone ecosystem, but also brings benefits to holders such as ETH, BTC, SOL, USDC, etc., increasing the long-term holding motivation of the token. Combined with the EigenLayer AVS mechanism, more users may choose to participate in staking, making RED Token one of the important assets in the DeFi staking ecosystem.

### Cross-chain expansion promotes token liquidity

The RED Token not only follows the ERC-20 standard, but can also circulate on chains such as <a href="/ja/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> and Base via Wormhole. As RedStone expands in the multi-chain ecosystem, the liquidity and use cases of RED Token are expected to further expand, increasing the overall market value and influence.
Ecological incentives and governance functions enhanced

In the RedStone ecosystem, the RED token is not only used for staking, but may also further develop into a governance token, allowing holders to vote on key decisions such as future protocol upgrades and fee distribution. As the RedStone ecosystem gradually matures, the governance value of RED may become more apparent.

### Institutional investment and cooperation drive value growth

RedStone has been recognized by multiple DeFi projects, such as EtherFi, Ethena, Pendle, Venus, etc. With more leading protocols, institutions, and on-chain infrastructure adopting the RedStone oracle, the market value and influence of the RED Token may significantly increase.

### Token release rhythm is reasonable, long-term value is stable

The RED Token adopts a four-year release mechanism, with the initial circulation volume controlled, which helps to avoid short-term market selling pressure. As time goes on, the growth of ecosystem development and staking demand may gradually absorb the released tokens, maintaining supply-demand balance and driving the RED price steadily upward.

With RedStone technology innovation, multi-chain expansion, improvement of staking economic model, and increased institutional cooperation, the RED token not only has long-term growth value, but may also become one of the important assets in the <a href="/ja/web3" target="_blank" class="blog_inner_link">Web3</a> critical infrastructure.

<div class="blog-details-info">
<div>Author: **Icing**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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What Is the Price of the RED Token? How Is the Future Outlook of the RedStone Project?