On September 5th, RedStone (RED) recorded a significant price surge, after the biggest crypto exchange in South Korea, Upbit, announced its listing on the platform.
RedStone (RED) is a fast-growing oracle that specializes in yield-bearing collateral for lending markets.
Upbit Listed RED/KRW Pair on September 5
Today, Upbit revealed that it would list the RED/KRW trading pair at 17:00 KST.
Previously, the crypto exchange had listed RED in May, 2025, supporting the BTC and USDT markets.
The crypto exchange’s announcement triggered a significant price surge for the digital asset.
RED Price Spiked
RED was trading at approximately $0.48 with a market cap of over $133 million, ahead of Upbit’s new listing announcement.
After the exchange revealed the listing, RED price spiked by over 50% in a short amount of time, hitting a top above $0.78 and a market cap of over $220 million, before cooling down to current levels.
At the moment of writing this article, RED is trading above $0.64 and has a market cap of over $179 million, up by more than 55% in the past 24 hours.
Today’s Upbit listing that led to the digital asset’s price surge comes following an important announcement that the project made on September 4 – the acquisition of Credora Network.
RedStone Bought Credora Network
In an official announcement on the project’s blog, the team at RedStone revealed that it had acquired Credora – an important DeFi-native ratings platform.
The acquisition led to the creation of the first oracle which delivers real-time prices and risk ratings, offering protocols and users the necessary tools to build safer and more transparent markets. This step provides a leap forward towards building a more unified financial infrastructure required for the scaling of finance.
It’s also important to note that the Credora ratings are used by important protocols, including Morpho, to provide real adoption and market value.
Extending Oracles’ Foundation
The team at RedStone explained in its blog post that the legacy oracles have solved a challenge of financial apps – bringing price feeds onchain.
RedStone boosted the previous model by making feeds:
- Faster
- Cheaper
- More reliable
The project also secured over $10 billion in TVL across more than 110 chains without any mispricing events.
Now, with Credora’s support, the foundation is even stronger by:
- Covering risk transparency
- Offering DeFi a more trusted framework
- Allowing protocols and users to understand, compare, and price risk with confidence
Creating the Most Advanced Oracle Ratings Platform
Marcin Kaźmierczak, the co-founder of RedStone, released an official statement about the latest acquisition, saying that ratings are a natural extension of oracles, transforming the data gathered by oracles into actionable intelligence.
According to him, Credora and RedStone combine world-class expertise in grading with the data infrastructure, leading to the creation of the most advanced oracle ratings platform in finance.
The founder of Credora, Darshan Vaidya, also highlighted the importance of scaling this mission globally by joining forces with RedStone and getting closer to the target of creating a more robust and usable DeFi for institutions and individuals.
DeFi Protocols Benefits
The latest move made by RedStone by acquiring Credora will benefit DeFi protocols in more ways including:
- Creating higher growth potential – Via more reliability through standardized ratings, protocols will attract more capital.
- Offering dynamic risk management – With integrated ratings, protocols can fine-tune parameters in real time.
- Providing institutional readiness – Onchain funds and asset managers need risk-aware ratings, and RedStone provides the transparency required for mass adoption.
- Creating a trusted infrastructure – RedStone becomes the best oracle on the market with reliable data on price, ratings, and collateral intelligence.
Credora’s acquisition by RedStone will establish a new standard for the next era of safe finance.
