Reef (REEF), the native token of Reef Finance, has been making headlines after its recent recovery. Following its delisting from Binance in August, which caused a sharp price drop, REEF has bounced back with a notable price surge of over 60% in the past week.

Reef Finance is a decentralized finance (DeFi) platform built on the Polkadot blockchain, offering a wide range of services like trading, lending, and staking across multiple blockchains. Its unique cross-chain compatibility allows users to access decentralized exchanges (Dex) and other financial services easily, which has contributed to the token’s renewed interest.

Despite the Binance delisting of certain trading pairs, such as REEF/USDT, the REEF/USDT perpetual contracts remain active, allowing traders to speculate on the token's price without actually owning it. The platform has also been introducing new tools like the Reef Chain Wallet and Reef swap, a DEX that offers fast and secure trading.

As of today, Reef has over 23 validators securing its network, with 38.2% of its total supply staked. The token is gaining attention for its low transaction fees and scalability, making it a competitive player in the DeFi and blockchain space.

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