RedStone Launches New FIL Price Feed on Filecoin for Apps
RedStone has activated a FIL price feed on the Filecoin mainnet on October 22, 2026. This provides an additional on-chain price source for applications on the Filecoin Virtual Machine (FVM).
Key Points
- RedStone's FIL/USD oracle is live on the Filecoin mainnet.
- The price updates with a variation of 0.5% or at least every four hours.
- Pyth and Tellor oracles were already present on FVM: RedStone joins them.
- No additional partners or usage data have been announced yet.
The debut comes three days after the Solstice update of Filecoin. Developers now have another way to bring the dollar value of FIL into their smart contracts.
How RedStone's FIL Price Feed Works
The FIL/USD feed provides smart contracts running on FVM with the price of FIL expressed in dollars. FVM is the programmable layer that allows building applications on Filecoin, a network known primarily for file storage.
Oracles bring external information, such as asset prices, onto a blockchain that contracts can use. RedStone employs a push mechanism: it writes on-chain updates when certain conditions are met, without waiting for a request from an application.
The first condition is a 0.5% price change in FIL. The feed updates at least once every four hours, even when movements remain below that threshold.
An Additional Alternative Alongside Pyth and Tellor
On FVM, Filecoin's oracle services do not start from scratch: Pyth and Tellor were already supported. RedStone adds a dedicated source for the FIL/USD price, giving developers an additional provider and reducing reliance on a single one.
Each team can choose the feed design that best suits their application or combine multiple data sources. The arrival of RedStone expands these choices but does not introduce oracles to Filecoin for the first time.
RedStone's oracle infrastructure operates across more than 110 chains. Estimates for 2026 place the total value protected by its services between approximately 4 and 9 billion dollars. These figures pertain to all its activities, not just this installation on Filecoin.
Lending and Derivatives: An Additional Price Source
Developers of lending protocols or derivative products on FVM can now rely on an additional feed for the price of FIL. The integration provides these programmable applications with the dollar value of the token.
The launch follows the Solstice update of Filecoin, which went live on October 19, 2026. Solstice changed the distribution of rewards per block: it closed the Fil+ DataCap subsidies and shifted incentives towards the paid use of storage space.
Filecoin is also expanding its programmable capabilities through FVM and initiatives like Filecoin Onchain Cloud. The RedStone feed adds a piece of pricing infrastructure to this application environment.
Integration Status and Adoption Indicators
To understand if the feed will actually be used, three indicators should be considered: integrations in FVM protocols, the value dependent on its data, and the emergence of lending or derivative markets on FIL. These are parameters to measure usage, not proof of adoption that has already occurred.
At the time of the launch announcement, no other partnerships or usage metrics related to the integration between RedStone and Filecoin had been disclosed.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Solana pitches Quantumglow to protect Alpenglow from quantum attacks

NEAR adds cross margin to confidential perps powered by Hyperliquid

Closed DeFi Protocol: What Can Still Be Recovered

Bitcoin: According to Michael Saylor, it is better to hold it than to use it for purchases

Solana bot turns just $12,000 into $1.4 billion in trading volume as fake liquidity floods Raydium

Robinhood Wins Dubai License For Bitcoin, Stock Trading

Meta Accumulates $825 Billion in AI Commitments by 2036

Cardano Academy joins UNIC blockchain course with 25 sponsored places

Blast, Blur, Step Finance, Radiant: Over 80 Crypto Projects Closed in 2026

A Midnight privacy-vault demo needs outside signers to release Ethereum tokens

How Should Heirs Legally Withdraw Cryptocurrency Left by Deceased Relatives?

Ripple teams up with $10B payments firm Arf to expand RLUSD use on XRPL

Sun Yuchen x Jin Ming Interview Part 2: How to Formulate Your Own Investment and Life Strategy?

Which DeFi Tokens Have Outperformed During Bitcoin's Two-Month Consolidation?

Colombia captures network that laundered USD 42 million with cryptocurrencies

AI as the 'Villain': DeFi Insurance Needs a Stress Test

Qubic’s recovery rules require ownership checks even for unstolen funds in vulnerable wallets

SKY-001 AI: 51-125x Faster and 150-210x Cheaper

Delphi Digital: Why Speculation is the Theme of the Next Decade

Solana targets faster finality, while Wall Street cuts the cash that must move

TUM Blockchain Conference: Information and Speakers

Beyond Prediction Markets: How to Determine Whether Bitcoin Will Rise or Fall?

NEAR Co-Founder Discusses New AI Economic Strategy: From Cross-Chain Transactions to Privacy AI, Is the Next Step for AI Agents to Take Over the Market?

CICC: How to Hedge AI Risks?

Zcash NU7 Upgrade: 3 Things ZEC Holders Must Know Before November 5

Stablecoins: The $6.6 Trillion Gap That Is Frightening Banks

USDC Listed as the EU's First 'Significant E-Money Token'
Who Is Kimchi Crypto Trader? Age, Real Name, and Trading Background
Who is Kimchi crypto trader? Check what is known about his age, the name Clayton Kim, trading background, profit claims, and Pump.fun partnership.

Gold, USDC, Uniswap: How Matrixdock and Arc Expand On-Chain Applications of Tokenized Gold?










