RedStone, an oracle network in DeFi, has launched HyperStone, an oracle powering HIP-3, Hyperliquid’s new standard for permissionless perpetual market creation. With HyperStone, anyone can now build and launch their own perpetual markets backed by fast, reliable, and secure on-chain data.
HIP-3 allows builders to create perpetual markets for almost any asset, from crypto to real-world data. But with this freedom comes a critical need for accuracy and reliability — each market depends entirely on its oracle for price truth. Unlike native HyperCore markets that rely on validator consensus, HIP-3 markets run on oracle data that must update quickly and securely.
Already live on testnet for over 60 days and delivering more than 103 million data updates to two testnet markets, including sekaw ETH and BTC, and stocks TSLA, HyperStone helps to deliver fast, secure, and reliable data at scale. With HyperStone, HIP-3 builders can now create and operate markets with institutional-grade data infrastructure.
“Imagine being able to create a perpetual market on any asset. That’s what HIP-3 allows builders to do, and now RedStone can power a wide variety of these markets,” said Marcin Kaźmierczak, co-founder of RedStone. “HIP-3 gives builders the freedom to launch markets without gatekeepers, and HyperStone ensures those markets run on fast, accurate, and secure data. Together, we’re creating the foundation for a permissionless marketplace that’s not only dynamic, but also secure.”
HIP-3, combined with the rise of liquid staking protocols like Kinetiq and stakedhype, transforms HYPE from a governance token into ecosystem-wide capital infrastructure. Staking providers can act as ecosystem hedge funds, leveraging delegated HYPE to seed HIP-3 markets while delivering diversified yield strategies to their delegators. This effectively builds native restaking functionality into Hyperliquid’s core, making capital productive across trading, staking, and governance.
RedStone serves as the official oracle for USDH, Hyperliquid’s native stablecoin, and secures roughly 99.5% of oracle-protected value on HyperEVM, with protocols like Morpho, Hyperbeat, Felix, and Hyperlend relying on its infrastructure. Recently, RedStone sponsored the Hyperliquid HIP-3 Hackathon in Korea, where HyperStone served as the oracle backbone, reinforcing RedStone’s position as the go-to infrastructure provider for Hyperliquid’s next phase of growth.
By launching HyperStone, RedStone extends its modular oracle architecture into a new frontier, enabling data-driven, community-led market creation on one of DeFi’s fastest-developing ecosystems. RedStone is also collaborating with Felix Protocol to launch the first HIP-3 markets on mainnet.
“RedStone has played a key role in the Felix ecosystem since the launch of Felix CDP,” added Charlie Ambrose, co-founder of Felix. “The mission of Felix since launch has been to serve the Hyperliquid trader, and with the upcoming launch of Felix’s HIP-3 markets, RedStone continues to play a key role in that mission. More on this soon.”