TL;DR
- RedStone has deployed Bolt, an ultra-fast “push” oracle, on the MegaETH testnet, capable of delivering on-chain price updates every 2.4 milliseconds, an unprecedented speed.
- MegaETH, a “monolithic” scalability solution for Ethereum, has already reached 20,000 transactions per second (TPS) and aims to scale up to 100,000 TPS.
- This development enables RedStone to integrate seamlessly with major DeFi protocols like Aave, Compound, and Morpho, boosting the future potential of decentralized finance.
Innovation never sleeps in the crypto world, and this week RedStone shook the ecosystem once again with the deployment of its new oracle, Bolt, on the testnet of MegaETH, a Layer 2 blockchain that promises to revolutionize Ethereum’s scalability. This partnership marks a significant milestone, as Bolt is capable of updating on-chain prices every 2.4 milliseconds, something never before seen in a decentralized network.
Unlike traditional “pull” oracles, where smart contracts must actively request data, Bolt is a “push” oracle that proactively and continuously delivers information to the blockchain. This means lower latency, greater precision, and more efficient execution for protocols that rely on up-to-date pricing, such as lending platforms, trading engines, and derivatives. Additionally, it opens the door to new forms of real-time financial automation, something previously unthinkable within the Ethereum ecosystem.
The DeFi Revolution Demands Speed and Accuracy
Thanks to its plug-and-play design, Bolt can be easily integrated with DeFi giants such as Aave, Compound, Spark, Euler, and Venus, making it an ideal solution for an increasingly demanding ecosystem in terms of speed and reliability. Furthermore, MegaETH is not just any blockchain: it aims to become a monolithic scalability solution, moving away from the standard rollup model and instead operating with parallel sequencers and alternative data availability solutions like EigenLayer.
The synergy between RedStone and MegaETH is no coincidence. As the RedStone team stated,
“MegaETH is the only network fast and flexible enough to support an oracle like Bolt.”
This reflects a clear shift in the scalability and performance narrative within the Ethereum environment.
RedStone: From Promising Oracle to Institutional Player
Institutional backing further reinforces the importance of this move. Major firms like BlackRock, Apollo, and KKR, through tokenization platform Securitize, have already selected RedStone as their data provider for ongoing and future DeFi operations. Additionally, the project is financially solid, having raised 15 million dollars in a Series A round with the participation of Arrington Capital, Kraken Ventures, and other strategic investors.
With Bolt, RedStone not only sets a new technical milestone but also redefines what’s possible in the world of oracles — paving the way for a new generation of decentralized applications that are faster, more accurate, and more scalable.
