PANews reported on November 5th that, according to The Block, decentralized oracle network RedStone has launched a dedicated data oracle, HyperStone, which supports Hyperliquid's HIP-3 framework, enabling the creation of permissionless perpetual contract markets. This new infrastructure aims to provide developers building derivatives markets with a faster and more reliable price data source. HyperStone will serve as the data backbone of the HIP-3 market, allowing developers to launch perpetual contracts for virtually any asset, from cryptocurrencies to tokenized stocks and real-world data. RedStone stated that HyperStone has been running on the testnet for over 60 days, providing over 103 million data updates in the ETH, BTC, and TSLA test markets.

This launch is part of RedStone's larger-scale expansion within the Hyperliquid ecosystem. The company states that it has secured approximately 99.5% of the oracle-protected value on HyperEVM and has become the official price data provider for Hyperliquid's native stablecoin, USDH.