DeepBook (DEEP)
Loading...
Loading...
About DEEP
DeepBook (DEEP) is the utility and governance token of DeepBook, the first native on-chain central limit order book (CLOB) protocol on the Sui blockchain. Built to bring traditional market efficiency to the decentralized ecosystem, DeepBook enables advanced trading functionality, liquidity aggregation, and programmable execution within the Sui Layer 1 environment. DeepBook offers a permissionless CLOB architecture that allows any developer, protocol, or application to integrate order book-based trading directly into their products. Unlike automated market makers (AMMs), which rely on liquidity pools and slippage-based pricing, DeepBook provides deterministic price discovery and matching logic similar to centralized exchanges. The DEEP token serves several key purposes: it powers governance through the DeepDAO, incentivizes liquidity provision and protocol usage, and will be used for future features such as fee discounts and staking. DEEP is designed to be the core coordination asset across the DeepBook ecosystem, enabling users and developers to shape the future of decentralized trading on Sui. As a foundational component of the Sui DeFi stack, DeepBook is optimized for low-latency, high-throughput execution and is compatible with composable smart contracts. It opens new design spaces for trading infrastructure in DeFi, enabling professional-grade order book trading in a fully decentralized, non-custodial environment.
Convert Fiat to DeepBook
News
XRP ETF Odds Jump to 95% as SEC Shows Positive Signals, Bloomberg Analysts Say
Bloomberg analysts project XRP’s ETF approval odds at 95%, igniting powerful institutional momentum poised to reshape crypto markets and thrust digital assets into mainstream financial dominance. XRP ETF Nears SEC Approval With 95% Odds, Say Bloomberg Analysts Mounting anticipation is…
Markets Enter Uncharted Chaos as Iran Strike Forces Brutal Portfolio Resets
Intensifying Middle East conflict and surging geopolitical risk are igniting a dramatic market realignment, driving investors into energy, defense, commodities, and inflation-protected assets as volatility erupts. Market Outlook Darkens With Soaring Oil and Heightened Middle East Tensions A destabilizing jolt…
From Bombers to Basis Points: Traders Eye Fed Rate Cut in July Amid Rising Tensions
As the globe fixates on America’s involvement in the escalating conflict between Israel and Iran, the probability of a July quarter-point rate cut by the U.S. Federal Reserve has edged up by a percentage point, reaching 15.5%. Rate Cut Radar…
$150 Oil on the Table: Goldman Analysts Warn as Iran Threatens Strait Shutdown
As conflict brews across the Middle East, U.S. airstrikes on Iran have reignited worries that Tehran might block oil flows through the Strait of Hormuz. Goldman Sachs analysts are now pointing to a growing risk premium in oil markets, with…
'You Have No Idea What You Own': Bitcoiners Slam Sellers as BTC Wobbles Amid Middle East Conflict
Following the U.S. airstrikes against Iran on Saturday, the price of bitcoin slid beneath the $100,000 zone for the first time in 46 days. Bitcoin’s reaction has caused a wave of people to share their two cents on how BTC…
Frequently Asked Questions about DeepBook
What is DeepBook?
DeepBook is an on-chain central limit order book (CLOB) protocol built on Sui. It enables high-performance, decentralized trading with features similar to traditional exchange order books.
Where can I buy DeepBook (DEEP) tokens?
DEEP tokens can be acquired on exchanges like Bybit, Gate.io, KuCoin, XT.com, and Bithumb. Decentralized options include Cetus, a leading DEX on the Sui blockchain.
Where can I store DeepBook (DEEP) tokens?
DEEP is a token on the Sui blockchain and can be stored in Sui-compatible wallets such as Sui Wallet, Suiet, or other wallets that support Sui assets.
What is the DEEP token used for?
DEEP is used for governance via the DeepDAO, incentivizing liquidity, paying for trading fees (in the future), and coordinating ecosystem incentives across the DeepBook protocol.
How is DeepBook different from AMMs?
Unlike AMMs, which use liquidity pools and automated pricing, DeepBook uses a central limit order book model with bid/ask matching, offering better price execution and no slippage.
Is DeepBook native to Sui?
Yes. DeepBook is fully native to the Sui blockchain and is optimized for its high throughput, composability, and object-centric architecture.
What is DeepDAO?
DeepDAO is the decentralized governance body of the DeepBook ecosystem. DEEP token holders will be able to vote on proposals and protocol upgrades.
Can developers integrate DeepBook into their dApps?
Yes. DeepBook is designed to be modular and permissionless, allowing developers to integrate its order book functionality into DeFi protocols, wallets, and trading apps.
Is DEEP live and tradable?
Yes. The DEEP token is live on the Sui network and tradable on supported centralized and decentralized exchanges, although availability may vary depending on platform support.
How can I trade using DeepBook?
DeepBook powers a variety of DEXs on Sui, including Cetus, Kriya DEX, Aftermath Finance, and FlowX. To use DeepBook, connect your wallet to one of these exchanges and select Limit trading before placing your order.