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
Dogecoin Flashes Rare Trend Reversal Signal, DOGE Price to $0.15? - U.Today
Dogecoin (DOGE) shows signs of a bullish reversal after a Heikin Ashi green candle emerged, suggesting potential for a rally to $0.15. Increased whale accumulation and trading volume bolster confidence in DOGE's upward trend.
UToday49m ago
Ethereum Price: Analyst Flashes Major ‘Buy’ Signal, Rally to $2,600 Soon?
March 16, 2026 8:15 pm EDT
TheCoinRepublic56m ago
BTC broke through $74,000 this week, with short-term holders' profits surging to $18.4 million per hour.
Gate News reported that on March 17, according to Glassnode data, Bitcoin price made a modest breakthrough above $74,000 this week, with short-term holder realized profit (STH-Realized Profit, 12-hour simple moving average) surging to $18.4 million per hour. This is consistent with the pattern observed in February: short-term holders continuously drain momentum from each bounce at the $70,000 level, absorbing upward momentum before any real breakout can form.
GateNews2h ago
Gold Shop Gold Purchase Loss 8%! Real Test "On-Chain Gold" Token PAXG Total Fees Crush Taiwan Bank Passbook
There are three ways for Taiwanese people to buy gold: Taiwan Bank Gold Passbook, gold shops, and on-chain gold token PAXG. Surveys show that despite PAXG appearing complex, its fees are actually the lowest, at approximately 1.2-3.2%. Gold shop transaction spreads reach as high as 8%, while Taiwan Bank is 2.3%. PAXG offers 24-hour liquidity, but the threshold for redeeming physical gold is high. Your choice should consider security, fees, and liquidity needs.
動區BlockTempo2h ago
ETH Price Chart Sees Bullish Pattern on Repeat, Is $30,000 ETH ATH a Possibility?
Pioneer altcoin ETH price chart sees bullish pattern on repeat.
Another expert expects $30,000 ATH target for ETH.
How high can the price of ETH go this year?
The crypto market grows steadily bullish once again as the price of Bitcoin (BTC) reclaims prices above the $74,00 price range an
CryptoNewsLand2h ago
