TechFlow News, Sui has announced support for the RedStone oracle solution to expand its BTCFi ecosystem.
RedStone is a cross-chain oracle solution built on Arweave technology. Through this integration, RedStone will provide Sui users and developers with reliable and timely price data for Bitcoin and other assets, driving deeper liquidity and more efficient markets. This creates new yield opportunities for Bitcoin holders while ensuring seamless composability within Sui's growing DeFi ecosystem. Additionally, through RedStone’s collaborations with Babylon, Lombard, and Lorenzo Protocol, it will support the development of native BTCFi on Sui.
Previously, on December 18, 2024, Sui announced support for SatLayer, Bitcoin's native infrastructure. The integration of RedStone further strengthens Sui's position as a key hub for Bitcoin financial innovation.
