Reef

Reef Price

reef

$0.00043996arrow+2.88%
24H
7D
14D
30D
60D
200D
1Y
Low
$--
High
$--
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Last updated: 2025-05-04 11:05:58

Price Statistics

Market Cap
18.39M
24H Volume
--
All-Time High
0.05746
Circulating Supply
41.80B

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Convert Your Crypto

Convert crypto at zero cost—fast, secure, and easy.

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Convert

Earn Crypto Passively

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Crypto Pre-Market Listings

Get early access to new tokens—trade them before they’re officially listed.

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Trade on Our Spot Market

Buy and sell crypto with real-time Spot prices—zero delays.

Trade in our Spot Market
Trade

Convert Your Crypto

Convert crypto at zero cost—fast, secure, and easy.

Convert Your Crypto
Convert

Earn Crypto Passively

Earn passive rewards—simply deposit your funds and watch them grow.

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Price History (USD)

Live REEF Price Summary

As of 4 mei 2025, the global cryptocurrency market cap is $18.39M with a +2.76% change in the last 24 hours. REEF's current price is $0.00043996, with a 24-hour trading volume of $--. REEF is +2.88% in the last 24 hours, with a circulating supply of 41.80B REEF coins and a maximum supply of -- REEF coins. REEF ranks 1181 by market cap. It has a 24H high of $0.00044639 recorded on 4 mei 2025, and its 24H low so far is $0.00039422, recorded on 4 mei 2025.

What Is the Highest Price of REEF?

REEF has an all-time high (ATH) of $0.05746 , recorded on 15 mrt 2021.

What Is the Lowest Price of REEF?

REEF has an all-time low (ATL) of $0.00029703, recorded on 9 apr 2025.

About Reef (REEF)

What Is Reef (REEF)?

Reef (REEF) is a Layer 1 blockchain network specializing in hosting decentralized finance (DeFi), NFT and gaming apps. Built on the Substrate framework, with the Nominated Proof of Stake (NPoS) consensus mechanism, Reef’s Ethereum virtual machine (EVM) compatibility and Solidity code provide seamless DApp migrations from Ethereum to Reef. 

The Reef blockchain is built for scalability through governance, whereby the chain can be upgraded through the Technical Council, elected via Proof of Commitment. 

The project was originally launched under the name Reef Finance. It existed until late 2021 as a parachain on Polkadot (DOT), where it largely specialized in DeFi apps. In November 2021, Reef Finance rebranded itself Reef, and branched out as a fully-fledged blockchain of its own.

The REEF coin is the blockchain’s native cryptocurrency. It originally existed in the ERC-20 token standard on Ethereum and in the BEP-20 standard on the BNB Chain. When Reef launched its own blockchain, the new REEF coins were minted, based on the chain’s default REEF-20 standard.

REEF Price 

REEF started trading in late December 2020. During its first few weeks on the market, the coin traded around $0.01 to $0.02. In February 2021, the coin experienced a modest rise to about $0.05. In general, the first half of 2021 was REEF’s best period on the market as the coin hit its all-time high of $0.057 in March 2021, and stayed around the 5-cent level until May 2021.

Afterward, the 2021 crypto market turbulence caused the coin to fluctuate. It concluded 2021 at slightly under $0.02. The early months of 2022 saw a period of slow and steady decline for REEF, and by May 2022, it had dropped firmly below 1 cent, staying at tenths-of-a-cent levels ever since.

What Is REEF Used For?

REEF is used for the payment of transaction fees, staking and governance. All transactions carried out on the Reef chain involve a fee paid in REEF. The REEF obtained from charging these transaction fees are then burned.

REEF may also be used for staking to become a candidate validator, or a nominator to elect a validator. The rewards for the validation, paid out in REEF, are then split between the elected validators and nominators.

REEF Tokenomics

REEF doesn’t have a hard limit on its maximum supply, although a target cap of around 20 billion was specified at launch. Since REEF coins obtained from transaction fees are burned, the coin’s supply figures might fluctuate over time, depending on network activity levels.

The coin’s supply distribution shares are as follows:

  • 22% — Liquidity and ecosystem development reserves
  • 20% — Community reserve fund
  • 16% — Team members
  • 12.5% — Reef Foundation
  • 9% — Strategic sale investors
  • 8% — Seed-round investors
  • 6% — Private sale investors
  • 3.5% — Lockup/Core nominators
  • 3% — Binance Launchpool

Who Is the Founder of Reef? 

Reef was founded by software developer Denko Mancheski (CEO). 

How to Store REEF

Some of the wallets compatible with the REEF coin and its REEF-20 token standard include the chain’s own Reef Wallet (Reef app), Klever, Infinity Wallet and Linen Wallet.

Where to Buy REEF

You can buy REEF from any top crypto exchange, including Bybit. On Bybit, you can trade REEF as a USDT perpetual (REEFUSDT) in the derivatives market.

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Frequently Asked Questions (FAQ)

How much is Reef today?

As of 4 mei 2025, the current trading price of Reef (REEF) is $0.00043996. Over the past 24 hours, the price has ranged between a low of $0.00039422 and a high of $0.00044639, accompanied by a trading volume of $--. The overall market capitalization is $18.39M, positioning it at rank #1181 among other cryptocurrencies.

How much is one Reef ?

At this moment, one unit of Reef is valued at $0.00043996. Please note that due to market fluctuations, this price may vary throughout the day.

How to invest in Reef ?

Investing in Reef begins with comprehensive research into its market performance and potential risks. Start by reviewing its current price of $0.00043996, along with its recent 24-hour trading range—from $0.00039422 to $0.00044639—and its overall market cap of $18.39M. To get started, create a Bybit account, complete Identity Verification Lv. 1, and then deposit funds either via fiat or by transferring another cryptocurrency. After your account is set up and funded, you can navigate to the Bybit trading interface where you can place an order for Reef. Finally, consider transferring your coins to a secure wallet to ensure their safety.

Where to buy Reef?

To purchase Reef on Bybit. You can easily sign up, fund your Bybit account, and start trading, making it easy for both beginners and experienced traders to buy cryptocurrencies. Alternatively, you can just click on the buy/trade button above.

How to buy Reef?

To buy Reef on Bybit, start by signing up for an account on the Bybit platform and completing Identity Verification Lv. 1 to comply with KYC requirements. After your account is verified, deposit funds using your preferred method—Bybit supports both fiat deposits (depending on your region) and cryptocurrency transfers. With funds in your account, navigate to the trading section where you can search for Reef (often listed under its symbol, REEF). You can then place an order—choosing either a market order for an immediate purchase at the current price of $0.00043996 or a limit order if you prefer to set your own price. Once the order is executed, your Reef will be credited to your Bybit wallet, where you can choose to keep them or transfer them to another secure wallet.

How to sell Reef?

Selling Reef on Bybit follows a process similar to buying. Begin by logging into your Bybit account and navigating to the trading interface. Locate Reef within your portfolio or the market listings. When you are ready to sell, decide whether to use a market order for a quick sale at the prevailing price, or a limit order if you wish to set a specific selling price. Once your order is placed and executed, the funds from the sale will be available in your account. You can then choose to withdraw these funds to your bank account or convert them into another cryptocurrency, according to your investment strategy.

Is Reef a good investment?

Determining if Reef is a suitable investment depends on several factors, including your risk tolerance, market research, and long-term financial goals. With a current price of $0.00043996 and a market capitalization of $18.39M (ranking it at #1181), Reef has demonstrated significant activity. Its 24-hour trading range—from $0.00039422 to $0.00044639—and historical performance, highlighted by an all-time high of $0.05746 on 15 mrt 2021 and an all-time low of $0.00029703 on 9 apr 2025, provide valuable context. While these metrics are promising, it is essential to conduct your own research and consider professional financial advice to determine if this asset fits into your portfolio strategy.

How many Reef are there?

Currently, there are 41.80B units of Reef in circulation, with a maximum supply capped at --. These figures are important to consider when evaluating scarcity and potential market dynamics, and they can change over time due to network updates or new coin emissions.

Disclaimer

Investments in cryptocurrencies, including but not limited to purchasing Reef and other digital assets through Bybit, carry significant market risk. Should the digital asset you are seeking not be currently available on Bybit, please be advised that it will be introduced in the near future. Bybit disclaims all liability for any results or outcomes of such investments. The information regarding pricing and other relevant data presented herein is derived from publicly available sources. This content does not reflect the official stance of Bybit and should not be construed as investment advice, a recommendation, or an offer to buy, sell, or hold any form of digital assets.

Investors are urged to thoroughly evaluate their financial capacity for trading or holding digital assets and are advised to seek consultation from qualified legal, tax, or investment professionals based on individual circumstances.

For comprehensive details, please review Bybit’s Terms of Service.

Reef Resources

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