Reef Finance Quarterly Review | Q3 2021

Published on: 06.10.2021

Reef Finance shares its Q3 2021 update highlighting all the collaborations, product updates and enhancements made between July and September.

🔸Collaborations and Launches

CoinFantasy is aiming to expand a niche space into a multi-billion dollar opportunity at the cross-section of the cryptocurrency, NFT, and the crypto gaming market. With an obtainable market of roughly $100 billion, there is a large, untapped opportunity awaiting CoinFantasy and the Reef ecosystem.

PARSIQ will make it easy to monitor on-chain Reef Chain data in real-time, allowing anyone to create automated workflows for off-chain apps and devices. If you are familiar with “If This > Then That” statements, you too will be able to leverage PARSIQ to capture Reef Chain events and create actions from them!

Raze Network is building a novel solution that can provide end-to-end anonymity for the entire EVM-compatible DeFi and Web3.0 stack, applying zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. The objective is to enable cross-chain, privacy-preserving payment and trading systems while protecting the transparency of user assets and behaviors from surveillance.

 

🔹Exchange Listings

Bitfinex is one of the most popular exchanges, processing hundreds of millions of dollars of trading volume per day, providing the tools that the most sophisticated and demanding traders need. Bitfinex also makes onboarding to crypto easy, allowing users to buy cryptocurrencies with credit cards, and offering many fiat-pegged trading pairs.

Launched in 2018, BitMart managed to attract over 2.2 million users in the last three years alone, with an impressive liquidity and an average 24-hour trading volume of over USD 1.2 billion. With BitMart’s FIAT partners, you can use your credit card, Apple Pay, PayPal account, etc., to directly purchase tokens using US Dollars, Euro and many other FIAT currencies, making access to crypto easier for everyone.

About Reef Finance

Reef Finance is building Reef Chain, a DeFi blockchain built using Substrate Framework. Reef Chain provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Our vision is to make DeFi easy for everyone to invest in and build DeFi applications on top of Reef Chain.

📰 INFO

https://medium.com/reef-finance/reef-finance-quarterly-review-q3-2021-734edae99037

Market Stats:
BTC Dominance: 54.19%(+0.06%/24h)
ETH Dominance: 15.81%(-0.16%/24h)
Defi Market Cap: $86.79B(+16.85%/24h)
Total Market Cap: $2332.3B(+1.14%/24h)
Total Trading Volume 24h: $110.29B(+17.67%/24h)
ETH Market Cap: $368.08B
Defi to ETH Ratio: 23.58%
Defi Dominance: 3.55%
Altcoin Market Cap: $1068.33B
Altcoin Volume 24h: $61.69B
Total Cryptocurrencies: 29283
Active Cryptocurrencies: 9735
Active Market Pairs: 81935
Active Exchanges: 753
Total Exchanges: 8351
BTC: 64139.73$(-0.69%/1H)
ETH: 3070.38$(-0.53%/1H)
AVAX: 35.12$(-0.42%/1H)
BNB: 558.38$(-0.11%/1H)
MATIC: 0.68$(-1.03%/1H)
FTM: 0.7$(-0.92%/1H)
ADA: 0.47$(-0.26%/1H)
DOT: 6.77$(-0.4%/1H)
UNI: 7.53$(-0.05%/1H)
CAKE: 2.78$(-0.2%/1H)
SUSHI: 0.95$(-0.32%/1H)
ONE: 0.02$(-0.61%/1H)