On September 5, South Korea’s largest cryptocurrency exchange Upbit announced the listing of RedStone (RED) in its Korean Won (KRW) market, drawing strong investor attention.
RED / KRW is available on UpBit ??
Our team is looking forward to meeting RedStone Miners at KBW and our side events in Seoul including Hyperliquid hackathon, XRP Seoul, Sauna Rave with Kaito & Keplr and more activations.
서울에서 만나요! https://t.co/d5prpbaY3V
— RedStone ♦️ (@redstone_defi) September 5, 2025
Upbit revealed that trading support began at 10:00 AM CET on September 5. While RedStone had already been available on the BTC and USDT markets since May 27, its addition to the high-liquidity KRW market significantly boosted demand.
RedStone’s Price Impact
Immediately after the listing announcement, RedStone’s global price jumped from $0.41 to $0.74. Later, Upbit also reported a trading volume of approximately $2.05 billion, ranking behind only XRP and WLFI in activity. Data from CoinMarketCap showed RedStone’s 24-hour global trading volume surged 179% to $380 million, with 53.46% concentrated on Upbit, raising caution about potential volatility.
About the RedStone Project
RedStone (RED) is a modular decentralized oracle protocol that supplies secure data to over 70 blockchain networks for use cases including DeFi, real-world asset (RWA) tokenization, and staking.
Unlike traditional oracles, RedStone separates data collection and data delivery, improving scalability and enabling fast, accurate, on-demand data across multiple blockchains. It sources information from both centralized (CEX) and decentralized (DEX) exchanges, providing customized datasets for different applications.
RedStone supports multiple oracle models, such as Pull (on-demand), Push (real-time), X (anti-front-running), and hybrid approaches, allowing developers to optimize for cost and performance. It also leverages EigenLayer’s AVS (Active Validation Service) to validate data before on-chain distribution, strengthening security and reducing manipulation risks.
The project’s native RED token, an ERC-20 asset with cross-chain compatibility via Wormhole, powers staking, governance, and ecosystem utilities, with a maximum supply of 1 billion tokens.
As RedStone gains visibility through its Upbit KRW listing, investor interest is expanding to other innovative DeFi protocols.
