PERP.WIKI

Privy vs RedStone

Hyperliquid ecosystem comparison · Wallets & Account Abstraction

Ecosystem Pick
Different Focus AreasVerified: RedStone

Quick Take

Privy Embedded wallets enabling users to access HyperEVM dApps with just email or social login on Multi-Layer, 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 Privy and RedStone. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

Privy logo

Privy

Privy is an embedded wallet and authentication infrastructure provider that enables HyperEVM developers to offer seamless, non-custodial wallet creation to users via email, phone, or social accounts. Unlike traditional wallet connect flows that require users to have MetaMask installed, Privy provisions in-app wallets using secure key management—allowing users to interact with HyperEVM DeFi protocols without any prior crypto experience. Privy's React SDK integrates in minutes and handles all key storage, recovery, and session management, while developers retain full control over the user experience. For NFT platforms, trading terminals, and DeFi frontends on HyperEVM, Privy dramatically lowers the onboarding barrier and increases conversion rates. Its cross-app wallets feature allows users to carry their Privy wallet identity across multiple HyperEVM applications with a single sign-on, creating a cohesive multi-app experience within the Hyperliquid ecosystem.

Visit website
RedStone logo

RedStone

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 website

Feature Comparison

FeaturePrivy logoPrivyRedStone logoRedStone
LayerMulti-LayerMulti-Layer
CategoryWallets & Account AbstractionOracles
StatusActiveActive
Launch Year2022
Websiteprivy.ioredstone.finance
Twitter@redstone_defi
GitHubNot publicNot public
VerifiedUnverified✓ Verified
Tags
oracleHyperStoneprice-feedsHIP-3

Score Comparison

PrivyRedStone
Open Source
Privy
Not public
RedStone
Not public
Verified
Privy
Unverified
RedStone
Verified
Ecosystem Breadth
Privy
0 tags
RedStone
4 tags
Maturity
Privy
Unknown
RedStone
Since 2022

Feature Matrix

FeaturePrivy logoPrivyRedStone logoRedStone
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Category Focus

Privy is focused on wallets & account abstraction, while RedStone targets oracles. They serve different user needs within the Hyperliquid ecosystem.

When to Use Each

Choose Privy if you...

  • Want a wallets & account abstraction solution on Multi-Layer
  • Need: Embedded wallets enabling users to access HyperEVM dApps with just email or social login

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

Privy logo

Privy

Privy operates on Multi-Layer (spans multiple hyperliquid layers). Spanning multiple layers lets it combine the strengths of each, though integration complexity is higher.

RedStone logo

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.

Both protocols share the same layer, maximizing composability potential.

Community Verdict

Which do you prefer?

Share your experience with Privy or RedStone to help others in the Hyperliquid community make better decisions.

Related Comparisons