ASXN vs RedStone
Hyperliquid ecosystem comparison · Analytics & Data
Best for ResearchQuick Take
ASXN Analytics dashboards for Hyperliquid — portfolio, vaults, revenue, and whale tracking on HyperCore, while RedStone Oracle powering ~99.5% of oracle-protected value on HyperEVM on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.
Based on public data for ASXN and RedStone. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.
ASXN
HyperCoreAnalytics dashboards for Hyperliquid — portfolio, vaults, revenue, and whale tracking
hyperliquid.asxn.xyz
RedStone
Multi-LayerOracle powering ~99.5% of oracle-protected value on HyperEVM
redstone.financeOverview
ASXN
ASXN is a professional-grade analytics platform dedicated to the Hyperliquid ecosystem, offering deep data tooling for traders, vault managers, and researchers who need more than surface-level metrics. The platform provides comprehensive portfolio PnL tracking with historical performance breakdowns, vault analytics that surface attribution and risk metrics for Hyperliquid's on-chain vaults, and broad market data covering perpetuals, spot markets, and HyperEVM protocol activity. ASXN fills a genuine gap for serious participants: block explorers show raw data, but ASXN interprets it — translating on-chain activity into actionable intelligence. Traders can analyze their own performance over time, identify patterns in their strategy execution, and benchmark against the broader market. Vault followers gain meaningful transparency into track records and risk profiles before committing capital. Market researchers can monitor ecosystem-wide trends including liquidity distribution, notable wallet flows, and protocol health indicators. Built specifically for Hyperliquid rather than adapted from a generic multi-chain analytics framework, ASXN understands the protocol's unique architecture — the interplay between L1 perpetuals and HyperEVM — and delivers insights that general-purpose platforms simply cannot replicate.
Visit websiteRedStone
RedStone is a modular blockchain oracle network that has become the dominant oracle solution on Hyperliquid, operating under the HyperStone brand for the ecosystem. Oracles are critical infrastructure — they provide smart contracts with real-world price feeds, enabling DeFi lending, derivatives, and synthetic assets to function correctly. RedStone's architecture is uniquely well-suited to Hyperliquid's high-performance environment: rather than pushing price updates to the chain on every tick (a costly approach), RedStone uses a pull-based model where data is fetched on-demand and cryptographically verified on-chain, dramatically reducing costs while maintaining freshness and accuracy. Securing approximately 99.5% of oracle-protected value on Hyperliquid, HyperStone feeds power a wide range of DeFi protocols on HyperEVM — from lending markets to perpetual protocols and yield vaults. RedStone aggregates price data from dozens of sources, applying outlier filtering and cryptographic attestation to ensure data integrity. With support for hundreds of assets and sub-second update latency, HyperStone gives Hyperliquid's DeFi ecosystem enterprise-grade price feeds, enabling complex financial products to be built with confidence in the underlying data infrastructure.
Visit websiteFeature Comparison
| Feature | ||
|---|---|---|
| Layer | HyperCore | Multi-Layer |
| Category | Analytics & Data | Oracles |
| Status | Active | Active |
| Launch Year | 2025 | 2022 |
| Website | hyperliquid.asxn.xyz | redstone.finance |
| @asxn_r | @redstone_defi | |
| GitHub | Not public | Not public |
| Verified | Unverified | ✓ Verified |
| Tags | analyticsportfolioPnLdashboards | oracleHyperStoneprice-feedsHIP-3 |
Score Comparison
Feature Matrix
| Feature | ||
|---|---|---|
| Open Source | ✗ | ✗ |
| Verified | ✗ | ✓ |
| Has Website | ✓ | ✓ |
| Has Twitter | ✓ | ✓ |
| Has GitHub | ✗ | ✗ |
| Active Status | ✓ | ✓ |
Key Differences
Layer Architecture
ASXN operates on HyperCore (native on-chain perpetual orderbook), while RedStone runs on Multi-Layer (spans multiple hyperliquid layers). This affects composability, transaction speed, and the types of integrations each protocol supports.
Category Focus
ASXN is focused on analytics & data, while RedStone targets oracles. They serve different user needs within the Hyperliquid ecosystem.
Unique Features
ASXN is distinguished by: analytics, portfolio, PnL, dashboards. RedStone stands out with: oracle, HyperStone, price-feeds, HIP-3.
Market Timing
RedStone launched first in 2022, giving it a head start. ASXN entered later in 2025, potentially with the benefit of learning from earlier entrants.
When to Use Each
Choose ASXN if you...
- ✓Want a analytics & data solution on HyperCore
- ✓Need features like analytics and portfolio
- ✓Need: Analytics dashboards for Hyperliquid — portfolio, vaults, revenue, and whale tracking
Choose RedStone if you...
- ✓Want a oracles solution on Multi-Layer
- ✓Prefer a verified and vetted protocol
- ✓Need features like oracle and HyperStone
- ✓Need: Oracle powering ~99.5% of oracle-protected value on HyperEVM
Ecosystem Integration
ASXN
ASXN operates on HyperCore (native on-chain perpetual orderbook). Running on HyperCore gives it direct access to the native orderbook with minimal latency and maximum throughput.
RedStone
RedStone operates on Multi-Layer (spans multiple hyperliquid layers). Spanning multiple layers lets it combine the strengths of each, though integration complexity is higher.
Community Verdict
Which do you prefer?
Share your experience with ASXN or RedStone to help others in the Hyperliquid community make better decisions.
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