DeepBook (DEEP) serves as a foundational liquidity layer within the Sui blockchain ecosystem, aiming to set a high standard for decentralized trading. This analysis provides a detailed look at its current market performance, price trends, and essential data for informed decision-making.
Live Price and Market Overview
As of the latest data, DeepBook (DEEP) is trading at approximately $0.138**. Over the past 24 hours, the token has experienced a positive movement of **4.59%**. The trading volume for the same period stands at **$8.84 million, indicating active market participation.
DeepBook's market capitalization is currently valued at $345 million, representing about 0.01% of the entire cryptocurrency market. The circulating supply of DEEP tokens is 2.5 billion.
Detailed Performance Metrics
DEEP demonstrates a neutral sentiment when compared against top cryptocurrencies, leading categories, and other blockchains across multiple timeframes.
| Trading Pair | 1h | 24h | 7d | 1m | 3m | 1y |
|---|---|---|---|---|---|---|
| DEEP/USD | +2.23% | +4.51% | +2.52% | -6.00% | +101.54% | -- |
| DEEP/BTC | +2.12% | +3.15% | +1.79% | -9.02% | +58.94% | -- |
| DEEP/ETH | +2.20% | +4.64% | +1.48% | -4.72% | +54.31% | -- |
| DEEP/DeFi Index | +1.84% | +4.76% | +3.23% | -6.39% | +63.64% | -- |
The data reveals strong performance over a three-month horizon, with significant gains against USD. However, shorter-term monthly charts show some corrective movements, which is common in volatile crypto markets.
Major Trading Platforms
DeepBook (DEEP) is available for trading on several major cryptocurrency exchanges, providing ample liquidity and access for traders.
| Exchange | Trading Pair | Last Price | 24h Volume | Market Share | Status |
|---|---|---|---|---|---|
| Gate | DEEP/USDT | $0.1381 | $3.40 M | 39.161% | Recently |
| Bybit | DEEP/USDT | $0.1382 | $1.63 M | 18.780% | Recently |
| BitMart | DEEP/USDT | $0.1386 | $1.07 M | 12.336% | Recently |
| Bitget | DEEP/USDT | $0.1383 | $893,550.23 | 10.277% | Recently |
| Upbit | DEEP/KRW | $0.1391 | $556,926.51 | 6.405% | Recently |
Gate.io dominates the market share for DEEP trading, followed by Bybit and BitMart. The price across these platforms remains relatively consistent, with minor variations due to arbitrage opportunities.
The Role of DeepBook in the Sui Ecosystem
DeepBook is designed to be the core liquidity infrastructure for the Sui network. It functions as a central limit order book (CLOB) that facilitates efficient and high-throughput trading for decentralized applications (dApps) built on Sui. Its purpose is to provide the deep liquidity necessary for a robust DeFi ecosystem, enabling seamless asset swaps and price discovery.
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Key Considerations for Traders and Investors
When analyzing DEEP or any cryptocurrency, it's crucial to look beyond the current price. Consider these factors:
- Market Volatility: Cryptocurrency prices are highly volatile. Short-term gains can be exciting, but long-term sustainability is key.
- Project Fundamentals: Assess the utility of the DEEP token within the DeepBook protocol and the broader Sui ecosystem. Does it have a clear use case?
- Ecosystem Growth: The success of DeepBook is tied to the adoption and growth of the Sui blockchain. Monitor developer activity and Total Value Locked (TVL) on the network.
- Overall Market Conditions: The crypto market is often correlated. Macroeconomic factors and Bitcoin's performance can significantly impact altcoins like DEEP.
Frequently Asked Questions
What is DeepBook (DEEP)?
DeepBook is the primary native liquidity layer on the Sui blockchain. It acts as a central limit order book, providing the essential liquidity needed for decentralized trading and supporting the entire Sui DeFi ecosystem.
How can I buy DeepBook (DEEP) tokens?
DEEP tokens can be purchased on several major centralized exchanges, including Gate.io, Bybit, BitMart, and Bitget. You typically need to create an account, deposit funds (like USDT), and place an order on the DEEP/USDT trading pair.
What is the total supply of DEEP tokens?
The circulating supply of DEEP is currently 2.5 billion tokens. It's important to check the project's official documentation for details on the total and maximum supply to understand its inflation model.
Why is liquidity important for a blockchain like Sui?
High liquidity reduces slippage for traders, meaning large orders have less impact on the market price. This attracts more users and developers to the ecosystem, creating a positive feedback loop that strengthens the network's utility and value.
What does a neutral market sentiment indicate?
A neutral sentiment suggests that the market does not have a strong bullish or bearish bias on DEEP at the moment. The price is consolidating, and the asset is performing in line with the broader market or its sector peers without significant outperformance or underperformance.
Where can I find secure and reliable market data?
For the most accurate and real-time data, always cross-reference information from multiple reputable sources, including live charts and official market data aggregators. 👉 View real-time market analysis tools