# 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.*

By [Reef Chain News](https://blog.reef.io) · 2025-05-08

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**Key Highlights**

[![User Avatar](https://storage.googleapis.com/papyrus_images/fab4be61c18f91c1bc02781aa19e0a3c.jpg)](https://twitter.com/Reef_Chain)

[🐠 Reef](https://twitter.com/Reef_Chain)

[@Reef\_Chain](https://twitter.com/Reef_Chain)

[![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/Reef_Chain/status/1914347451059683712)

![🧵](https://abs-0.twimg.com/emoji/v2/72x72/1f9f5.png) Reef Q1 2025 Roadmap Update  
  
Reef is progressing steadily in 2025, focusing on building a comprehensive blockchain ecosystem. Here’s a summary of the key developments:

![](https://storage.googleapis.com/papyrus_images/cfc43cddf02c6805160d45c68bbdcf0a.jpg)

 [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 192](https://twitter.com/Reef_Chain/status/1914347451059683712)[

16:56 • 21 Apr 2025

](https://twitter.com/Reef_Chain/status/1914347451059683712)

*   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**

[![User Avatar](https://storage.googleapis.com/papyrus_images/da333f64e5fa069801dedc086eedd9ea.jpg)](https://twitter.com/Reef_Chain)

[🐠 Reef](https://twitter.com/Reef_Chain)

[@Reef\_Chain](https://twitter.com/Reef_Chain)

[![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/Reef_Chain/status/1915374343745396800)

![🔥](https://abs-0.twimg.com/emoji/v2/72x72/1f525.png) 500 MILLION $REEF bridged — and counting!  
  
We're bringing $REEF home ![🌊](https://abs-0.twimg.com/emoji/v2/72x72/1f30a.png)![🚀](https://abs-0.twimg.com/emoji/v2/72x72/1f680.png)  
  
Have you moved yours to native yet?  
  
Let’s get you sorted ![👇](https://abs-0.twimg.com/emoji/v2/72x72/1f447.png)

 [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 152](https://twitter.com/Reef_Chain/status/1915374343745396800)[

12:56 • 24 Apr 2025

](https://twitter.com/Reef_Chain/status/1915374343745396800)

*   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.  
    
    [![User Avatar](https://storage.googleapis.com/papyrus_images/ab9cd1b9c5bfaba02c2ca5d048ed94db.jpg)](https://twitter.com/Reef_Chain)
    
    [🐠 Reef](https://twitter.com/Reef_Chain)
    
    [@Reef\_Chain](https://twitter.com/Reef_Chain)
    
    [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/Reef_Chain/status/1914347457288298798)
    
    ![🔁](https://abs-0.twimg.com/emoji/v2/72x72/1f501.png) 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
    
     [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 17](https://twitter.com/Reef_Chain/status/1914347457288298798)[
    
    16:56 • 21 Apr 2025
    
    ](https://twitter.com/Reef_Chain/status/1914347457288298798)
    

####   
**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**

[![User Avatar](https://storage.googleapis.com/papyrus_images/3e104bc6a92380bc926c02069ed06549.jpg)](https://twitter.com/Reef_Chain)

[🐠 Reef](https://twitter.com/Reef_Chain)

[@Reef\_Chain](https://twitter.com/Reef_Chain)

[![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/Reef_Chain/status/1912141706129965168)

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?

[![User Avatar](https://storage.googleapis.com/papyrus_images/171863bbf8dcc14966c248f34f79ec34.jpg)](https://twitter.com/Reef_Chain)

[🐠 Reef](https://twitter.com/Reef_Chain)

[@Reef\_Chain](https://twitter.com/Reef_Chain)

[![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/Reef_Chain/status/1911811953997320586)

Designing with Derek - 14 Apr 2025 [x.com/i/broadcasts/1…](https://t.co/mYtwvqcOKE)

 [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 88](https://twitter.com/Reef_Chain/status/1912141706129965168)[

14:51 • 15 Apr 2025

](https://twitter.com/Reef_Chain/status/1912141706129965168)

*   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**

[![](https://paragraph.com/editor/youtube/play.png)](https://www.youtube.com/watch?v=Eoei2onrHVQ)

*   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.
    

[![User Avatar](https://storage.googleapis.com/papyrus_images/1a1d88cfce65e83a6df03820d5f18df5.jpg)](https://twitter.com/Reef_Chain)

[🐠 Reef](https://twitter.com/Reef_Chain)

[@Reef\_Chain](https://twitter.com/Reef_Chain)

[![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/Reef_Chain/status/1912523688475230524)

Reef but make it suede ![🤎](https://abs-0.twimg.com/emoji/v2/72x72/1f90e.png)

![](https://storage.googleapis.com/papyrus_images/fea546f44c03d4e1c7b93c09565461ad.jpg)

 [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 204](https://twitter.com/Reef_Chain/status/1912523688475230524)[

16:09 • 16 Apr 2025

](https://twitter.com/Reef_Chain/status/1912523688475230524)

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*Originally published on [Reef Chain News](https://blog.reef.io/april-2025-monthly-recap)*