Gate News Bot Message, 01/09, according to CoinMarketCap data, as of press time, DEEP (DeepBook Protocol) is reported at 0.05 USD, up 20.00% in 24 hours, with a highest touch of 0.05 USD, a low retreat to 0.04 USD, and 24-hour trading volume reaching 40.5 million USD. Current market cap is approximately 241 million USD, an increase of 40.2 million USD from yesterday.
DeepBook is a fully on-chain orderbook for the Sui ecosystem, serving as a pillar of Sui DeFi liquidity. The protocol has cumulatively processed 4.5 billion USD in total trading volume, serves 80 million users, achieves 86 million USD in 24-hour trading volume, and has burned 80 million DEEP tokens from trading fees.
DeepBook features deep liquidity, high composability, high throughput, and low latency, offering dynamic low fees, fully on-chain transparency, and secure trading experience. The protocol supports fast settlement with approximately 390 milliseconds transaction completion time. DeepBook has passed security audits and bug bounty program verification, developed by an experienced team, and is the core engine driving Sui DeFi development.
1️⃣ Grayscale Investment Product Portfolio Expansion Grayscale launched multiple Sui ecosystem protocol trust products including DeepBook, demonstrating traditional asset management institutions’ recognition of Sui ecosystem DeFi infrastructure, with such institutional capital inflows typically bringing increased liquidity and holding demand to projects.
2️⃣ On-Chain Burn Mechanism Strengthens Token Value DeepBook has burned 80 million DEEP tokens through trading fee burn mechanism, with this deflationary model continuing to operate as ecosystem trading activity increases, reducing circulating supply while enhancing relative value of remaining tokens.
3️⃣ Consolidated Position as Core Sui DeFi Infrastructure As the sole fully on-chain orderbook option on Sui chain, DeepBook leveraging an 80 million user base, 4.5 billion USD cumulative trading volume, and 86 million USD daily average trading volume, has become a key liquidity hub in Sui DeFi ecosystem, with its ecosystem importance providing fundamental support for long-term growth.
This message is not provided as investment advice. Investment involves noting market volatility risks.
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