RedStone Oracles Fuel HyperLend’s Launch on Hyperliquid EVM, Ushering in Next-Gen DeFi Lending

In a major step forward for DeFi innovation, RedStone, a modular oracle protocol, has announced its integration with HyperLend, the first lending platform to go live on the Hyperliquid Ethereum Virtual Machine (EVM). This partnership ensures that HyperLend benefits from reliable, real-time pricing data provided by RedStone from day one of its mainnet launch.

HyperLend: A New Era in DeFi Lending

HyperLend is a decentralized lending protocol inspired by the widely used Aave (AAVE) framework. Tailored specifically for the Hyperliquid ecosystem, it is designed to meet the needs of active traders and institutional market makers. Features include:

• Real-time leverage
• Dynamic interest rate mechanisms
• Deep liquidity pools

Launched on March 24, HyperLend is positioning itself as a high-performance protocol that bridges advanced trading functionality with DeFi’s permissionless nature.

Why RedStone?

RedStone Oracles were chosen as HyperLend’s trusted data provider due to their modular architecture and ability to offer accurate, fast, and cost-efficient data feeds. Their integration helps power lending decisions and ensures that users’ collateral and borrowing positions are priced correctly at all times.

The RedStone team emphasized that providing dependable data feeds for platforms like HyperLend is part of their mission to support the evolving DeFi landscape.

Proven Track Record in DeFi

This integration is part of RedStone’s broader strategy of partnering with leading DeFi lending platforms. Some of their recent integrations include:

• Venus Protocol
  Morpho
• Fraxlend
• Lombard
• ZeroLend
• DeltaPrime
• Spark Protocol (joined on February 11)

These partnerships reflect growing trust in RedStone’s capabilities and their increasing role in powering DeFi’s critical infrastructure.

Market Movement of RED Token

While the RedStone oracle has been making headlines with new partnerships, the RED token has shown notable price activity. Over the past 24 hours, the token saw a 12% gain, bringing its value to $0.36. However, it’s important to note that the token is still on a downward trend since reaching its peak of $0.82 on March 16, shortly after the DRILL program launch.

The token had maintained a support level around $0.50 until April 1, when it dropped below this mark. Since then, a new support zone has emerged around $0.30, where it is currently stabilizing. Investors and ecosystem participants are now watching for the next catalyst to drive the token’s recovery.

What This Means for the Future

The integration of RedStone with HyperLend marks a monumental milestone for both projects. It allows HyperLend to leverage real-time market price data for secure and efficient lending transactions. Simultaneously, it validates RedStone as a first-class oracle solution for next-generation DeFi platforms. As RedStone expands its reach and HyperLend begins to attract users, this collaboration could help redefine the future of on-chain lending and financial products that will be built in the Hyperliquid EVM ecosystem.

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