Gate News Bot Message, January 09, according to CoinMarketCap data, at the time of press, DEEP (DeepBook Protocol) is trading at $0.05, up 20.00% in the past 24 hours, reaching a high of $0.05 and a low of $0.04, with a 24-hour trading volume of $40.5 million. The current market cap is approximately $241 million, an increase of $40.2 million from yesterday.
DeepBook is a fully on-chain order book in the Sui ecosystem, serving as a pillar of Sui DeFi liquidity. The protocol has processed a total trading volume of $4.5 billion, with 80 million users. Its 24-hour trading volume reaches $86 million, and 80 million DEEP tokens have been burned from transaction fees.
DeepBook features deep liquidity, high composability, high throughput, and low latency, providing a dynamic, low-cost, fully on-chain transparent and secure trading experience. The protocol supports fast settlement, with a transaction completion time of approximately 390 milliseconds. DeepBook has been verified through security audits and a bug bounty program, developed by an experienced team, and is a core engine driving Sui DeFi development.
Recent Important News about DEEP:
1️⃣ Grayscale Investment Product Expansion
Grayscale has launched multiple Sui ecosystem trust products, including DeepBook, indicating recognition from traditional asset management institutions of Sui ecosystem DeFi infrastructure. The entry of such institutional capital usually brings increased liquidity and holding demand for the project.
2️⃣ On-Chain Burn Mechanism Strengthens Token Value
DeepBook has burned 80 million DEEP tokens through its transaction fee burn mechanism. This deflationary model continues to operate as ecosystem trading activity increases, reducing circulating supply and enhancing the relative value of remaining tokens.
3️⃣ Consolidation of DeepBook’s Position as a Core DeFi Infrastructure in the Sui Ecosystem
As the only fully on-chain order book option on Sui, DeepBook has become a key liquidity hub in the Sui DeFi ecosystem, with 80 million users, a total trading volume of $4.5 billion, and an average daily trading volume of $86 million. Its ecosystem importance provides a foundation for long-term growth.
This message is not investment advice. Investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Market Update – River and DeXe Lead Gains As Political Memecoins Stir Volatility
The crypto market has continued to undergo rapid changes and temporary spurts in specific sectors than many other markets during its most recent period of consolidation. The “Gainers” chart on CoinMarketCap is often reviewed for trends that correlate with major cryptocurrency assets like Bitcoin and
BlockChainReporter47m ago
Whales holding between 10 and 10,000 BTC increased their holdings, accounting for 68.17% of the total supply.
Santiment report shows that investors holding 10 to 10,000 bitcoins have increased, now controlling 68.17% of the supply. Bitcoin is performing strongly relative to the S&P 500, showing signs of a positive reversal. The S&P 500 has declined 2.2%, while Bitcoin has risen 2.4%.
GateNews3h ago
SHIB Derivatives See 1,549% Jump in Netflows: Is Short Squeeze Brewing? - U.Today
Shiba Inu (SHIB) experienced a 1,549% increase in futures netflows as traders adjusted their positions, with inflows surpassing outflows. Despite a recent price drop, positive on-chain indicators suggest potential for a market rebound if buyers return.
UToday4h ago
On-chain activity is exploding, but Ethereum can't seem to gain momentum? Experts reveal the "fatal weakness": could drop to $1,500
CryptoQuant reports indicate that Ethereum faces an "adoption paradox," where despite network activity reaching new highs, the token price has declined. If the bear market continues, Ether could potentially fall to $1,500 by the end of the third quarter. Smart contract activity has risen while decoupling from Ether's price, with exchange inflows being a better reflection of price dynamics. Weak investment demand and continuous capital outflows remain the primary concern.
区块客4h ago
