REEF Now Visible on Moonlight’s Bubble Maps

Reef Finance is delighted to share that Moonlight has added REEF BEP-20 (Binance Smart Chain) to its Bubble Maps product!

Moonlight is a tool provider on Binance Smart Chain (BSC). Earlier this year, Moonlight introduced Bubble Maps as a groundbreaking way of exploring tokens on BSC. By opening a token’s Bubble Map, users can reveal connections between wallets with just a quick glance. Instead of sophisticated users having to spend hours manually analyzing blockchain wallets and transactions, Bubble Maps analyzes and rearranges BscScan data, illuminating the intricacies of a token that would otherwise be invisible.

Moonlight has four rules for visualizing and displaying raw BSC transaction data:

• Each bubble represents a single wallet
• Only the top 150 wallets are loaded
• A bubble’s size is proportionate to its share of token holdings
• Two bubbles are connected if there was at least one historical transaction between the corresponding wallets in REEF

As you can see, the Bubble Map for REEF’s BEP-20 token contains very few connections between wallets.

This is an important indicator that can be used to assess whether there is a high amount of collusion or wash trading happening. REEF’s Bubble Map illustrates the opposite, where only a handful of wallets have exchanged REEF directly on BSC. The largest wallet displayed is Binance, which currently holds a majority of the REEF BEP-20 supply.

Thanks to Moonlight for producing this Bubble Map for REEF! We hope you find this tool helpful, and will use it to help inform future decisions.

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.

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