DeepBook

DeepBook is the native central limit order book built into the base layer of the Sui blockchain, serving as shared infrastructure rather than a standalone application. It allows any protocol on Sui to route trades through a single shared order book, meaning liquidity contributed by one integration is available to all others. It addresses the fragmentation problem common to decentralized exchanges by centralizing matching logic at the protocol level.

DeepBook settles spot trades atomically within a single Sui transaction, removing the need for off-chain components or sequencers. A margin primitive lets users open, execute, and close leveraged positions drawing from the same shared liquidity pool, all within one transaction. The DEEP token is used for governance over the protocol and, within the system, for fee-related mechanics tied to trading activity on the order book.

The data provided does not include a fee revenue figure for DeepBook, so no fee stream, fee recipient, or protocol earnings can be quantified here. As a result, fee-based valuation measures are not calculable from the information on this page. The 24-hour turnover ratio stands at 8.12 percent of circulating market capitalisation over the most recent 24-hour period, which reflects trading volume relative to the size of the circulating float rather than any revenue figure.