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Reef is aimed towards cryptocurrency newbies as well as established DeFi users who are having trouble keeping track of their cash and wallets across various blockchains. The team has built on Substrate to address the high gas prices observed on the Ethereum blockchain, which enable practically quick transactions and minimal costs, despite the fact that some argue Ethereum's fees render DeFi protocols "unusable."Reef is a DeFi, NFT, and Gaming-focused Reliable Extensible Efficient Fast Layer-1 Blockchain. It's built using Substrate Framework and offers excellent scalability, allowing for practically immediate low-cost transactions. It also supports Solidity and EVM, allowing developers to move their DApps from Ethereum with few code changes.