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.
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