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About Reef
Analysis of 11 Dec 2025Reef is a Layer 1 EVM-compatible blockchain built on Substrate, designed for DeFi, NFTs, and gaming applications. Launched in 2020, Reef offers a unified platform for accessing various DeFi protocols with low transaction costs and high scalability.
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The blockchain employs Nominated Proof of Stake consensus and enables native token bridging, scheduled calls, and in-place smart contract upgrades. Reef aims to bridge the Ethereum and Polkadot ecosystems, allowing developers to deploy Ethereum applications without code modifications while leveraging Substrate's advanced features.
The REEF token is used for transaction fees, staking, and governance across the ecosystem.
