RedStone launches HyperStone oracle, supporting Hyperliquid's HIP-3 framework

Foresight News reports, according to The Block, that the decentralized oracle network RedStone has launched a dedicated data oracle called HyperStone. This oracle supports Hyperliquid's HIP-3 framework, enabling permissionless creation of perpetual contract markets. This new infrastructure is designed to provide developers building derivatives markets with faster and more reliable price data sources. HyperStone will serve as the data backbone for HIP-3 markets, allowing developers to launch perpetual contracts for virtually any asset, ranging from cryptocurrencies to tokenized stocks and real-world data.