Reef Finance Rebrands to Reef As It Commences Development Of EVM-Compatible Blockchain

The journey from Reef Finance, a DeFi focused parachain on Polkadot, to Reef, a layer-1 EVM-compatible blockchain, is the fruit of constant work in progress and reinvestment.

As part of its rebranding initiative that started earlier this year, Reef Finance is undergoing a major platform-wide revamp. Starting today, Reef Finance is officially titled Reef, alongside a newly-launched website, now live at
The journey from Reef Finance, a decentralized finance (DeFi) focused parachain on Polkadot, to Reef, a layer-1 Ethereum Virtual Machine (EVM)-compatible blockchain, is the fruit of constant work in progress and reinvestment. The launch of the new website and a new brand focus will play critical roles in helping transform Reef’s face value from a DeFi operating system into a Substrate-based blockchain with smart contract functionality that is reliable, economical, and fast.

Since its inception, Reef has successfully positioned itself as a one-stop, cross-chain network that’s easy to use for veterans as well as newcomers. As such, the rebranding aligns with the platform’s core vision of building an infrastructure that makes it easy for anyone to leverage features that supplement DeFi with other products while enjoying an unmatchable development experience.

The Reef community is growing exponentially, further supporting the rebranding decision that the Reef Finance team embraced earlier this year. With the blockchain ecosystem witnessing increased multi-chain transactions between dApps and protocols, Reef has established itself as a leading destination for developers. Not only does the platform offer full compatibility with Ethereum-based smart contracts, but it also enables dApp developers to tap into the vast community of REEF token holders.


Following the launch of the new website, Reef aims to accelerate work on its broader goals and attract users and developers to leverage its blockchain solution designed as the most advanced EVM-compatible blockchain. Per the Reef team, the website is just the first step in the platform’s new development timeline. Over the coming months, Reef will roll out Ledger hardware wallet support, Reef Debit card, a native browser extension, a native dApp, and a dedicated mobile app that prioritizes a seamless user experience.

This article contains a press release from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.


Chainwire is a crypto news wire which shares the hottest industry news with DailyCoin. The content from Chainwire is not written by DailyCoin.