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
CTSI Price Soars 17.57%: Institutional Interest Ramps Up
Amid a crypto market downturn, CTSI surged 17.57% to $0.03626 in an hour, driven by high trading volume and institutional interest in altcoins. Traders are now watching key support and resistance levels for future price movements.
Coinfomania39m ago
Bitcoin falls below 71,500 USD, U.S.-Iran talks remain deadlocked, and the Strait of Hormuz becomes the biggest point of contention
On April 11, the U.S. and Iran began 20 hours of negotiations in Pakistan. The core issue was freedom of passage through the Strait of Hormuz. After Bitcoin briefly rose to $73,800, it quickly fell back to $71,557. The U.S. side took a hardline stance, demanding that Iran open the strait, while Iran insisted that easing restrictions must wait until a comprehensive agreement is reached. The two sides have not yet reached a consensus.
動區BlockTempo4h ago
Crypto Market Maintains Steady Growth Trajectory As Top Assets Show Gains
The crypto market continues to grow, with a market cap of $2.44T and Bitcoin and Ethereum showing slight increases. Top gainers include $GPM and $BASE. Meanwhile, DeFi TVL declined, NFT sales rose, and notable developments include a trader's significant loss and a push for regulatory clarity in Congress.
BlockChainReporter6h ago
BTC 15-minute chart slightly down 0.57%: leveraged long positions passively cut risk and macro sentiment disturbances drive volatility
2026-04-12 12:45 to 13:00 (UTC), the BTC price range was 71081.7 to 71493.2 USDT, with an amplitude of 0.58%. Within 15 minutes, the return recorded was -0.57%. During the period of unusual activity, market volatility increased somewhat, risk sentiment warmed up, and overall attention rose; however, there was no extreme surge in volume or a sudden drop in liquidity.
The main driver behind this unusual activity is that, under the leverage structure, long positions were reduced passively. Recently, the funding rate for perpetual contracts turned from negative to positive. Leverage among longs in the market accumulated; the price dipped slightly, triggering liquidations of some leveraged long positions and sell orders for position closures, resulting in
GateNews8h ago
Analyst: Bitcoin’s current pullback is relatively mild compared with past ones, but the bottom has not been confirmed yet.
Crypto analyst Axel Adler Jr said the current Bitcoin pullback is smaller than historic bearish-market levels, but a bottom has not yet been confirmed. He believes the market is still in a mild bear phase, and that a true recovery will require patience and waiting.
GateNews9h ago
Bitcoin long-term holdings increased to 12.4 million coins, and the 30-day change has remained positive.
CryptoQuant analyst Darkfost says the Bitcoin market is entering an early stabilization phase, with stronger long-term holding behavior. The amount of BTC held for more than a year has increased, and investors are more inclined to hold than to distribute. This suggests the market is transitioning toward long-term conviction; the current trend is viewed as an early stability signal, but it needs longer-term confirmation.
GateNews10h ago
