Redstone, an Oracle Oracle provider, presented Megaeth's Oracle to address cumin issues that challenge the efficiency of Onchain trading.
According to a spokesperson for Redstone, New Oracle can pay new prices onchain every 2.4 mm. For the first time at the beginning on the Megaeth network, the Ethereum Layer-2 network, the product may be offered to additional chains in the future.
Redston said that the prices of Oracle sources are from the central exchanges and deliver them directly to requests or smart contracts via the contract that already works on the Megaeth series.
The “joint location” strategy reduces cumin by eliminating the delays caused by the material distance between the servers. In the future, Redstone also plans to include price stock exchanges.
Oracles has become compatible with the ETHEREUM (EVM). According to For Alchemy, there are currently 12 Oracle Deptralized networks that work on Ethereum.
Oracles can earn money through data use, licensing, exciting rewards and knot incentives. The current market value of Oracle Takens is $ 10.2 billion, According to To Coinmarketcap.
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Defi growth provokes more height in Urakles
The total total value of the decentralized financing closed on Usin is $ 88 billion as of April 8, after an increase of 116 % in 2024, according to Devilia. ethereum remains The top Blockchain for Defi applications, with $ 47.8 billion closed in the network, followed by Solana with $ 6.1 billion in Defi TVL.
Defi TVL over time. source: Deville
Defi has increased competition in the Oracle market – a basic component of decentralized applications. PRICE ORACLES Market Data Data actual time in smart contracts, acts as a bridge between Blockchains and the real world.
The famous players at Oracle Space include ChainLink and Pyth. In October 2024, the Pyth turned on the lainlink in the size of 30 days, reaching $ 36 billion in transactions. The protocol provides a cloud -based model that provides data on demand, making it improved for high -size activities.
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