RedStone introduces new oracle on MegaETH to address trading latency issues

From Cointelegraph

April 08, 2025 5:55 PM:

RedStone introduces a push-based oracle on MegaETH to address latency issues in onchain trading. The new oracle pushes new prices every 2.4 milliseconds, sourced from centralized exchanges. RedStone plans to expand to other chains and include price feeds from decentralized exchanges in the future. Oracles compatible with EVM are gaining popularity.

DeFi’s total value locked onchain reaches $88 billion, with Ethereum leading at $47.8 billion locked. Solana follows with $6.1 billion in DeFi TVL. The rise of DeFi intensifies competition in the oracle market, crucial for decentralized applications. Chainlink and Pyth Network are key players, with Pyth surpassing Chainlink in 30-day volume in October 2024.

Read more at Cointelegraph: RedStone targets trading latency with new oracle on MegaETH