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Coral Reef is a Biome in the Shipwrecked DLC. It is characterized by a multi colored texture on the terrain, and often contain rocks covered in Coral. When mined with a Pickaxe, the reefs drop 2-4 pieces of Coral total. After being mined, they can be Hammered to drop Limestone, however since Limestone sinks, the drops can only be obtained using a Trawl Net, and only within 2 days of sinking.
The Coral will fully grow back after 12 days. It has a heavily increased grow rate during rain, similar to Mushrooms.