RootData: Reef token (REEF) has increased by 19.04% in the last 24 hours

ChainCatcher news, according to RootData data, the Reef token (REEF) has increased by 19.04% in the last 24 hours, currently priced at $0.0012.

Additionally, the Web3 asset data platform RootData shows that Reef Chain is a Layer 1 blockchain based on Substrate. Its infrastructure also allows for EVM extensions, enabling native token bridging, scheduled calls (i.e., recurring payments), and on-site code upgrades for smart contracts. Through the NFT, Metaverse, GameFi, and DeFi communities, Reef uses a nominated proof-of-stake consensus mechanism to reduce gas costs and enable fast transactions.