RedStone launches HyperStone oracle to power permissionless markets on Hyperliquid

RedStone, a decentralized oracle network, has launched HyperStone, a dedicated data oracle supporting Hyperliquid’s HIP-3 framework for permissionless perpetual market creation.

The new infrastructure aims to provide faster, more reliable price feeds for builders creating derivative markets, according to a press release.

In decentralized finance, an oracle acts as a link between blockchains and real-world data, supplying smart contracts with accurate, tamper-resistant information such as asset prices or economic metrics.

Since blockchains cannot access external data on their own, oracles are crucial for powering applications such as derivatives, lending, and stablecoins — where a single mispriced feed can trigger cascading liquidations or expose exploit risks.

The Switzerland-based oracle provider said HyperStone will serve as the data backbone for HIP-3 markets, which allow developers to launch perpetual contracts on virtually any asset, from cryptocurrencies to tokenized stocks and real-world data.

Unlike Hyperliquid’s native validator-secured markets, HIP-3 relies entirely on external oracles for pricing accuracy. This makes data quality central to market integrity. “HIP-3 gives builders the freedom to launch markets without gatekeepers, and HyperStone ensures those markets run on fast, accurate, and secure data,” said Marcin Kaźmierczak, co-founder of RedStone.

RedStone said HyperStone has been live on testnet for more than 60 days, with over 103 million data updates supplied across ETH, BTC, and TSLA test markets.

The rollout follows the company’s broader expansion within the Hyperliquid ecosystem, which it claims has already secured roughly 99.5% of the oracle-protected value on HyperEVM and serves as the official price feed provider for USDH, Hyperliquid’s native stablecoin.

RedStone is a modular blockchain oracle network focused on customizable data feeds across 110+ chains and rollups, with integrations spanning major DeFi protocols such as Compound, Morpho, Pendle, and Securitize. The network says it powers over $8.5 billion in total value locked and specializes in price oracles for liquid-staking tokens, Bitcoin-backed assets, and tokenized real-world instruments.

Hyperliquid is a decentralized perpetual exchange known for its high-performance on-chain order book and native support for permissionless market creation through HIP-3, its recently introduced protocol standard.