Redstone (RED) Surges Over 72% Following Upbit Listing

The decentralized oracle network RedStone has emerged as one of the trending projects over the past 24 hours. The project’s native cryptocurrency, RED, experienced a massive 72% price surge following its market listing on the South Korean crypto exchange, Upbit. This price increase reflects growing interest in the digital asset among South Korean traders and the broader cryptocurrency market.

RED Surges 72%

Upbit confirmed that RED would be listed on its KRW market starting September 5, 2025. Deposits and withdrawals are supported through the Ethereum network, making RED more accessible to South Korean traders.

Upbit dominates the South Korean crypto market, taking up most of the market share among crypto exchanges. This means that it has earned the trust of most retail traders who perform a large volume of trading activity.

A market listing on the exchange can dramatically increase visibility and liquidity for any token, and RED is no exception. Still, like all crypto listings, the price may remain volatile in the near term before rebalancing.

Following the announcement, RedStone disclosed via X that its team would meet up with RedStone miners at the upcoming Korea Blockchain Week (KBW), which will be held between September 22nd and 28th. The announcement added that the DeFi oracle network will host side events in Seoul.

According to CoinGecko data, RED traded at around $0.64 after the announcement. RED trades at $0.70 at the time of writing, representing a 72% increase over the past 24 hours. Daily traded volume also spiked to about $733.2 million while its market capitalization rose above $192.79 million, reflecting the heavy interest generated by the listing.

RedStone Acquires Credora

Another factor that likely fueled RED’s price surge is RedStone’s recent announcement about its acquisition of Credora, a platform known for its real-time credit ratings and risk analysis in DeFi.

This combines RedStone’s reliable data feeds with Credora’s ability to evaluate risk and creditworthiness.

The two platforms aim to deliver more secure lending and borrowing in DeFi by offering accurate asset pricing and trustworthy risk assessments in one package.

A DeFi lending platform could use RedStone for real-time token price. At the same time, it can rely on Credora’s ratings to judge whether a borrower is safe to lend to. This integration strengthens RedStone’s role as a key player in the DeFi oracle market.

What is RedStone (RED)?

RedStone (RED) is a modular oracle protocol. This means it provides real-time data to blockchain applications, allowing decentralized finance (DeFi) platforms to access accurate and reliable information, such as asset prices. Oracles are critical to the crypto ecosystem because smart contracts cannot fetch data independently. Hence, they rely on networks like RedStone to bring verified information onto the blockchain.

RedStone has already built a strong presence in the market. According to its official website, the protocol currently features over 110 blockchain networks and has integrated over 1,300 crypto assets into its ecosystem. RedStone serves over 130 clients globally.

RedStone’s native cryptocurrency, RED, is at the helm of its operations. Built on the Ethereum network, RED powers the Oracle network and facilitates incentives for users, developers, and data providers.