April 2025 Monthly Recap
April 2025 was a month of strategic expansion, significant partnerships, and continued innovation for Reef, including a $1 million fundraise, over 1.4 billion REEF token swaps, and new developments across our ecosystem.
Key Highlights
Reef Q1 2025 Roadmap UpdateReef is progressing steadily in 2025, focusing on building a comprehensive blockchain ecosystem. Here’s a summary of the key developments:
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Q1 Update published, showing significant movement with key items in the 2025 Roadmap.
Successfully completed a 490 million REEF token swap with Paribu, followed by another 1 billion REEF exchange later in the month.
Secured at least $1 million in new funding from Pinnacle Ventures, with funds already being received.
Established connections with several new partners, including a marketing/KOL agency, two fiat on-ramp providers, one AI agency, and a team offering market-making and advisory services.
Made significant progress in expanding the Reef ecosystem, with several new builds of the Reef Chain Wallet for Android and iOS nearing completion and submission.
Continued efforts to notify legacy REEF holders about the bridge to Reef Chain, and ongoing discussions with centralized exchanges about switching to supporting Reef Chain.
Progressed in registering two new entities, including one for a new investment fund.
Initiated development work on DAO coordination platform and new incentive program.
Published videos of Reef’s panel and solo talk at Web3 Amsterdam.
Detailed Summary
Token Swaps and Fundraising
500 MILLION $REEF bridged — and counting!We're bringing $REEF home
Have you moved yours to native yet?
Let’s get you sorted
Completed a 490 million REEF token swap with Paribu in early April, with an additional 1 billion REEF exchanged later in the month.
Initiated discussions with centralized exchanges to support Reef Chain.
Secured $1 million in funding from Pinnacle Ventures, with initial funds received.
Engaged in fundraising discussions with multiple VCs for the core team.
Centralized Exchange (CEX) Integrations
Efforts to transition REEF support to Reef Chain exclusively:
- Completed Transitions: Gate, MEXC, CoinEx
- Upcoming Transitions: WhiteBIT announced; discussions ongoing with KuCoin, SuperEx, WEEX, Mandala
Strategic Partnerships and Meetings
Engaged with a team offering market-making and advisory services.
Met with a DePIN/nature project exploring blockchain options, advocating for Reef deployment.
Connected with a marketing/KOL agency, two fiat on-ramp providers, and one AI agency.
Reconnected with old partners and built new relationships with companies introducing projects to Reef Chain.
Development Updates
What kinds of features do you want to see in Reef Chain Wallet v2?
Some early requests:
- In-app browser
- Address book
What else would you like to see?
Some early requests:
- In-app browser
- Address book
What else would you like to see?
Designing with Derek - 14 Apr 2025 x.com/i/broadcasts/1…
Released multiple builds of Reef Chain Wallet for Android, with the latest Android build declared bug-free.
Began submission process for Reef Chain Wallet on iOS.
Received approximately 10.5 million REEF-BSC from MEXC.
Continued work on a DAO coordination platform and a new incentive program.
Initiated development for Reef’s integration with Ledger hardware wallet.
Media and Public Relations
Published video of the Reef panel at Web3 Amsterdam.
Released the solo talk video from Web3 Amsterdam.
Continued identifying ways to notify legacy REEF holders about the bridge to Reef Chain.
Legal and Organizational Structure
Progressed in registering two new entities, including one dedicated to the new investment fund.
Advanced discussions regarding the registration and funding of the labs entity.
Upcoming Plans
Preparing for speaking engagement at a European crypto conference in June.
Finalizing partnerships with fiat on-ramp providers.
Booking meetings with several projects looking to expand to new chains.
Continuing work on DAO coordination platform and Ledger hardware wallet integration.
