RootData: Reef token (REEF) has increased by 39.39% in the last 24 hours

According to ChainCatcher news, data from RootData shows that the Reef token (REEF) has increased by 39.39% in the last 24 hours, currently priced at $0.001.

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