RED (RedStone) up 28.57% in 24 hours

According to Gate News Bot on December 4th, citing CoinMarketCap data, as of press time, RED (RedStone) is trading at $0.34, up 28.57% in 24 hours, with a high of $0.34 and a low of $0.24. The current market capitalization is approximately $99.9 million, an increase of $2.22 million from yesterday.

RedStone is a modular blockchain oracle infrastructure designed for DeFi and institutions. It offers products such as price feeds, proof of reserves, and Atom, aiming to support the financial systems of the future. RedStone has received backing from several well-known investment institutions and has undergone multiple security audits.

Recent key news about RED:

1️⃣ RWA market size expected to grow significantly RedStone released a report predicting that the RWA (Real World Asset) market size will grow from the current $3.5 billion to $5-6 billion by 2026. This rapid growth trend reflects strong demand for blockchain technology in traditional asset sectors, which may drive increased demand for oracle services like those provided by RedStone.

2️⃣ Private credit becomes dominant in the RWA market Private credit currently holds the largest share in the RWA market, about $1.9 billion, and is expected to account for 45% to 50% of the overall market next year. As an oracle focused on serving DeFi and institutions, RedStone is positioned to benefit from this growth by providing essential data support to the private credit sector.

3️⃣ AI agents become primary users of on-chain data RedStone’s report predicts that AI agents will become the main users of on-chain data, with the relevant market size expected to exceed $1.5 billion. This trend could increase demand for RedStone’s high-quality, real-time data services, thereby supporting its value growth.

From a technical perspective, the RED token’s 28.57% increase over 24 hours may reflect the market’s positive outlook on its future development prospects. With the expansion of the RWA market and integration of AI technology, RedStone’s position as a blockchain oracle infrastructure provider may be further solidified, potentially driving growth in its token value.

This message is not investment advice; please be aware of market volatility risks when investing.