TL;DR
- Idea: DeepBook is the first fully on-chain central limit order book (CLOB) for Sui DeFi, offering institutional-grade liquidity, low latency, and composability for decentralized exchanges and DeFi applications on the Sui blockchain.
- Catalyst: Recent listings on major exchanges and perpetual contract launch on Binance Futures, integration with key Sui DEXs, and the launch of AI-driven gamification features indicate growing adoption and ecosystem traction.
- Risks: As a niche protocol on the Sui network, DeepBook faces competition from established AMMs and multi-chain DEXs, potential dilution from token vesting, and reliance on sustained Sui ecosystem growth.
- Score: 78.00/ 10
Coin
- Name/ Ticker: DeepBook (DEEP)
- Segment: DeFi Infrastructure
- Status: active
- Price: $0.192900
Key Metrics
- Market Cap: $482 129 453
- FDV: $1 928 517 813
- Circulating Supply: 2 500 000 000
- Total Supply: 10 000 000 000
Sources
Technology
- USP: First fully on-chain central limit order book delivering CEX-like performance and composability on Sui.
- Core Technology: Decentralized CLOB built as a Move package on Sui, leveraging parallel execution and sub-second finality; supports flash loans, on-chain matching, and governance.
Roadmap
- 2024-10-14: DeepBook v3 and DEEP token public launch
- 2025-01-08: Token listing on Bithumb KRW market
- 2025-04-16: Listing on LBank Exchange
- 2025-04-22: PERP contracts launch on Binance Futures
- 2025-04-23: Listing on BingX Exchange
- 2025-08-04: Partnership launch of DeepBook AI gamification
- 2025-08-10: Integration with KriyaDEX and Cetus DEXs
Team & Investors
Team
- CEO β Evan Cheng: 24 years in platform development at Apple, Facebook; Co-founder of Mysten Labs
- Co-founder β Sam Blackshear: Lead engineer at Novi and co-creator of Move programming language
- Head Economist β Alonso de Gortari: Economist at Mysten Labs, expertise in DeFi economics
- Core Contributor β Lingxiao Yang: Blockchain researcher at MovEX; presented DeepBook at Sui Builder House
Investors
- Mysten Labs β token allocation β’ 2024-10-14
- Core Contributors & Early Backers β token allocation β’ 2024-10-14
- Private Investors β token allocation β’ 2024-10-14
- Early Contributors β token allocation β’ 2024-10-14
- Community Airdrop β airdrop β’ 2025-03-28
Tokenomics
- Utility: DEEP is used to pay trading fees, receive maker/taker incentives, participate in staking and governance.
- Vesting: Tokens vest over multi-year schedule: initial TGE with 22.47% community allocation, investor and contributor tokens vest after cliffs and linearly over respective periods.
- Next Unlock: 2025-10-14 (14.57% of circulating)
Pros & Cons
Strengths
- Low-latency, high-throughput CLOB architecture
- Fully on-chain order matching and settlement
- High composability for DeFi integrations
- Built on Sui with parallel execution for efficiency
- Governance and incentives aligned via DEEP token
Weaknesses
- Limited to Sui network liquidity and adoption
- Competition from AMMs on other chains
- Potential token dilution from vesting schedules
- Relatively high FDV compared to market cap
- Reliant on ongoing Sui ecosystem growth
Market Signals (7d)
- TVL trend: up 20.7%
Price Scenarios (target: 2026-02-15)
How to Buy & Store
CEX
- MEXC
- Binance
- Gate
- Bybit
- BingX
DEX
- Cetus
- Bluefin
- KriyaDEX
- Turbos.Finance
- Aftermath Finance
Storage
- Ledger
- Trezor
- Suiet Wallet
- Ethos Wallet
- SuiWallet
Verdict
DeepBook offers a unique and performant on-chain order book solution for the Sui ecosystem, with strong technological foundations and growing adoption, though it must navigate network-specific risks and token dilution from vesting.
Official Links
Source: Coin Research (internal)
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