DeepBook

DeepBook is the native central limit order book built into the Sui blockchain, designed to serve as shared trading infrastructure rather than a standalone application. It allows any protocol on Sui to route orders through a single, common order book, meaning that each new integration adds depth that benefits all other integrations simultaneously. Its intended users are developers and protocols building trading, lending, or derivatives products on Sui who want to rely on a shared liquidity layer rather than maintaining their own isolated pools.

DeepBook lives at the base layer of the Sui blockchain and settles trades atomically within a single Sui transaction, removing the need for off-chain sequencers or separate settlement steps. The protocol currently offers spot order-book trading, a margin module that opens, executes, and closes leveraged positions in one transaction using a shared pool, and a binary-options module called Predict that is still on testnet. The DEEP token is used within the protocol for governance, giving holders a role in decisions about the protocol's direction.

The data stored for this asset does not include a fee stream, so fee-based measures such as protocol revenue or fee yield are not available on this page. DeepBook functions as infrastructure rather than a fee-capturing application in the conventional sense, meaning the economics of holding DEEP are tied to governance rights rather than a direct claim on trading fees as reflected in the available data. What is recorded is a circulating supply of 2,500,000,000 DEEP against a maximum supply of 10,000,000,000 DEEP, placing circulating supply at 25 percent of the maximum at this point in time, with a fully diluted valuation to market-cap ratio of 4.0, indicating that 75 percent of the total supply has yet to enter circulation.