DeepBook Protocol (DEEP) Price

$0.14

DeepBook Protocol (DEEP) Price Today

The live price of DeepBook Protocol is $0.14 USD. In the past 24 hours, the trading volume of DeepBook Protocol was $15.7M USD, with a change of +0.35%. The current live price of DeepBook Protocol has changed by -5.26% from its 7-day high of $0.15 USD and by +12.87% from its 7-day low of $0.13 USD. With a circulating supply of $10,000,000,000.00 DEEP, the market cap of DeepBook Protocol is currently $469.3M USD, marking a -1.49% change in the last 24 hours. DeepBook Protocol currently ranks 116 by market capitalization.

DeepBook Protocol (DEEP) Market Data

Market Cap

$480.8M

24h Volume

$15.7M

Circulating Supply

10B DEEP

Maximum Supply

10B DEEP

Fully Diluted Market Cap

$1.4B

Liquidity Indicator

3.28%

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About DeepBook Protocol (DEEP)

What Is DeepBook (DEEP)?

DeepBook (DEEP) is a decentralized central limit order book (CLOB) protocol built on the Sui blockchain. It serves as a foundational liquidity layer for the Sui DeFi ecosystem, enabling high-performance, low-latency trading directly on-chain. Unlike traditional automated market maker (AMM) models, DeepBook offers a fully transparent and efficient trading experience by matching buy and sell orders in real-time.

DeepBook is a fully on-chain central limit order book (CLOB) that ensures complete transparency and security by handling all order placements, matching, and settlements directly on the blockchain. It delivers high throughput and low latency thanks to Sui's parallel execution capabilities, enabling trade settlements in approximately 390 milliseconds—ideal for high-frequency trading environments.

The protocol also offers deep liquidity by aggregating assets across the Sui ecosystem, reducing slippage and enhancing trade efficiency for both retail and institutional users. Additionally, DeepBook is highly composable, allowing seamless integration with DeFi applications. This makes it easier for developers to build, scale, and innovate financial services on top of the protocol.

How Does DeepBook Protocol Work?

DeepBook (DEEP) functions as a decentralized central limit order book (CLOB) on the Sui blockchain, designed to offer a trading experience similar to centralized exchanges but fully on-chain. Here's how it functions:

Key Features of DeepBook
• Central Limit Order Book (CLOB): DeepBook matches buy and sell orders directly, just like traditional exchanges. Users can place limit or market orders, and the protocol matches them in real-time based on price and time priority.
• Fully On-Chain Matching: All order submissions, cancellations, and trade executions are recorded on-chain, ensuring full transparency and security without relying on external match engines.
• Parallel Execution via Sui: DeepBook leverages Sui's Move-based architecture and parallel execution model to achieve high throughput and low latency. This allows it to settle trades quickly — often within ~390 milliseconds.

When Was DeepBook Launched?

DeepBook (DEEP) officially launched its native token on October 14, 2024, marking a significant milestone in the development of DeFi on the Sui blockchain. Prior to the token launch, DeepBook distributed DBClaimNFTs to over 100,000 early supporters on March 28, 2024. These non-transferable NFTs could later be unwrapped into DEEP tokens upon the official release, incentivizing early engagement and participation within the ecosystem.

The project's roadmap outlines several key milestones aimed at enhancing its functionality and reach:

• Integration of Perpetual Futures: Allowing traders to hold positions without expiration dates, thereby increasing capital efficiency.
• Permissionless Lending Mechanisms: Enabling users to lend and borrow assets seamlessly, fostering a more versatile DeFi environment.
• Cross-Chain Liquidity Aggregation: Facilitating access to liquidity across multiple blockchains without the need for token transfers, thus expanding trading opportunities.
• Sui Bridge Integration: Simplifying asset transfers between Sui and Ethereum, enhancing interoperability within the DeFi sector.

What Is DEEP Token Used for?

The DEEP token is integral to the DeepBook protocol, serving multiple purposes that enhance the platform's functionality and user engagement:

• Trading Fees: DEEP tokens are used to pay for trading and pool creation fees on the DeepBook platform, streamlining transactions and reducing costs for users.
• Liquidity Incentives: Market makers receive DEEP token rebates during periods of low liquidity, encouraging continuous liquidity provision and tighter spreads.
• Governance: DEEP holders can participate in protocol governance, voting on key decisions such as fee structures and staking requirements, ensuring a community-driven development process.
• Staking Rewards: Users can stake DEEP tokens to earn passive rewards, contributing to the network's security and stability.
• Fee Discounts: Frequent traders benefit from reduced transaction fees when using DEEP tokens, incentivizing higher trading volumes.

To trade DEEP tokens on BingX, sign up and complete KYC, then deposit funds into your account. Navigate to the Spot trading section, search for the DEEP/USDT pair, and place a market or limit order to execute your trade.

What Is DeepBook Tokenomics?

DeepBook has a maximum supply of 10,000,000,000 DEEP tokens. The distribution of DEEP tokens is as follows:

Ecosystem Growth: 61.57% (6.157 billion DEEP)
Supports developer grants, community programs, and other initiatives aimed at expanding the DeepBook ecosystem.

Core Contributors and Early Backers: 28.43% (2.843 billion DEEP)
Rewards the team and early supporters who contributed to the development and growth of DeepBook.

Initial Community Airdrop: 10% (1 billion DEEP)
Distributed to early adopters and active users to incentivize participation and support.

DEEP Token Vesting Schedule

To ensure a balanced and sustainable release of tokens, DeepBook has implemented the following vesting schedules:

• Ecosystem Growth: 14% unlocked at Token Generation Event (TGE); remaining tokens vested linearly over 7 years.
• Core Contributors and Early Backers: 3-year vesting period with a 1-year cliff, followed by a 24-month linear unlock.
• Mysten Labs: 1% unlocked at TGE; remaining tokens vested over 48 months.

How Does DeepBook Differ From Other DEXs?

DeepBook stands out from other decentralized exchanges (DEXs) by adopting a central limit order book (CLOB) model instead of the widely used AMM system. Traditional DEXs like Uniswap rely on AMMs, where trades are executed through liquidity pools and pricing is managed by mathematical formulas. In contrast, DeepBook matches trades directly between buyers and sellers using a transparent order book recorded on-chain. This allows users to place both limit and market orders, giving them greater control over trade execution and pricing.

One of the main advantages of DeepBook’s CLOB model is improved price efficiency and reduced slippage, especially for large orders. AMM-based platforms often struggle with price impact and impermanent loss due to limited liquidity, whereas DeepBook’s model is better suited for high-volume trading. Built on the Sui blockchain, DeepBook also leverages parallel transaction execution, enabling rapid trade settlement times—averaging around 390 milliseconds—which is significantly faster than many other on-chain exchanges.

Another key differentiator is composability. DeepBook is designed as a public good within the Sui ecosystem, meaning other DeFi applications can integrate it as a shared liquidity layer without needing to build their own exchange infrastructure. While many AMM DEXs operate as isolated protocols, DeepBook offers a more modular and scalable approach to decentralized trading. By combining the speed and precision of centralized exchanges with the transparency and flexibility of DeFi, DeepBook represents a new generation of on-chain trading infrastructure.

What Makes DeepBook Protocol (DEEP) a Good Investment?

Investing in DeepBook (DEEP) offers several compelling benefits, particularly for those engaged in decentralized finance (DeFi) on the Sui blockchain.

Utility and Incentives
The DEEP token serves multiple functions within the DeepBook ecosystem. It is used to pay for trading and pool creation fees, providing a seamless transaction experience. Users who stake DEEP tokens can enjoy reduced taker fees and earn rebates as liquidity providers, especially during periods of low liquidity. This incentivizes active participation and enhances overall trading efficiency.

Governance Participation
DEEP token holders have the opportunity to participate in the governance of the DeepBook protocol. By staking DEEP, users can vote on key decisions such as protocol upgrades, fee structures, and staking requirements. The governance model is designed to ensure that smaller token holders have a meaningful voice, preventing dominance by large stakeholders.

Strategic Tokenomics
DeepBook's tokenomics are structured to promote long-term growth and sustainability. The total supply of DEEP tokens is capped at 10 billion, with a significant portion allocated to ecosystem development and community initiatives. This strategic distribution aims to align incentives across the platform and support its ongoing evolution.

Integration and Ecosystem Growth
As DeepBook continues to integrate with other DeFi platforms and expand its ecosystem, the utility and demand for DEEP tokens are expected to grow. Partnerships and integrations can enhance the token's visibility and use cases, creating a broader market for DEEP.

What Factors Influence DeepBook Price Prediction?

Several factors influence the price of DeepBook (DEEP), the native token of the DeepBook protocol on the Sui blockchain. Understanding these elements can provide insights into the token's market dynamics:

Supply and Demand Dynamics: The circulating supply of DEEP tokens directly impacts its price. With a maximum supply capped at 10 billion tokens and approximately 3.06 billion currently in circulation, the introduction of new tokens into the market can affect price stability. As more tokens are released, the market must absorb this supply to maintain or increase the token's value.

Utility and Ecosystem Participation: DEEP tokens are integral to the DeepBook ecosystem, serving functions such as paying for trading fees, staking for governance participation, and earning rewards. Increased adoption of these utilities can drive demand for the token, potentially influencing its price positively.

Market Sentiment and Trading Volume: Investor sentiment and trading activity within the broader cryptocurrency market can lead to price fluctuations. Positive developments in the DeFi sector or specific advancements within the DeepBook protocol can enhance investor confidence, while negative news can have the opposite effect.

Technical Indicators and Market Trends: Analysts often use technical indicators such as moving averages, relative strength index (RSI), and Bollinger Bands to predict price movements. These tools can identify potential overbought or oversold conditions, signaling possible price corrections or rallies.

Learn more about What Are the Top Crypto Projects and dApps in the Sui Ecosystem in our comprehensive guide.

Information source

Official Website

Whitepaper

DeepBook Protocol (DEEP) Price Converter

DEEP to USD

1 DEEP = $ 0.14

DEEP to VND

1 DEEP = ₫ 3,863.20

DEEP to EUR

1 DEEP = € 0.12

DEEP to TWD

1 DEEP = NT$ 4.43

DEEP to IDR

1 DEEP = Rp 2,413.18

DEEP to PLN

1 DEEP = zł 0.55

DEEP to UZS

1 DEEP = so'm 1,897.11

DEEP to JPY

1 DEEP = ￥ 21.37

DEEP to RUB

1 DEEP = ₽ 11.71

DEEP to TRY

1 DEEP = ₺ 5.81

DEEP to THB

1 DEEP = ฿ 4.84

DEEP to UAH

1 DEEP = ₴ 6.14

DEEP to SAR

1 DEEP = ر.س 0.55

DeepBook Protocol Price Converter

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Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.