DeepBook
DEEP Price
DeepBook offers a decentralized liquidity layer with on-chain order matching, governance, and high-speed trading on Sui. More
| Fully Diluted Valuation | $2.00B |
|---|---|
| 24H Trading Volume | $32.92M |
| 24H Low / High | $0.19 / $ 0.21 |
| Circulating Supply | 2.50 B |
| Total Supply | 10.00 B |
| Max Supply | 10.00 B |
| Categories | Sui Ecosystem 2 more |
|---|---|
| Founder | Anonymous |
| Website | deepbook.tech |
| Socials | |
| Chains | Sui Ecosystem |
| Explorer | Suivision 1 more |
| Contracts |
0xdee....:DEEP
|
| Name | Pair | OG Score |
|---|
DeepBook (DEEP) emerges as a pivotal element within the Sui blockchain ecosystem, serving as the first native wholesale liquidity layer designed to enhance the trading experience in decentralized finance (DeFi). This project is built on Sui's high-performance blockchain, which uses a unique consensus mechanism to ensure fast, secure, and cost-effective transactions. DeepBook introduces a decentralized central limit order book (CLOB) system, which is fundamental for providing deep liquidity and enabling sophisticated trading functionalities directly on-chain.
DeepBook's architecture is crafted to leverage Sui's capabilities, offering:
High Throughput and Low Latency: DeepBook allows for rapid transaction processing with minimal slippage, making it an ideal platform for high-frequency trading and large volume transactions.
On-Chain Order Book: Unlike many DeFi platforms that utilize off-chain solutions for order matching, DeepBook processes all orders on-chain. This approach ensures transparency and security, as all trading activities are verifiable on the blockchain.
Decentralized Governance: With the introduction of the DEEP token, DeepBook enables its community to participate in the governance of the protocol. Users can stake DEEP to influence decisions related to trading fees, liquidity incentives, and other protocol parameters, fostering a self-regulating financial ecosystem.
Integration with DeFi Protocols: DeepBook acts as a public good, providing a shared liquidity resource that various DeFi applications on Sui can tap into. This integration simplifies the liquidity landscape, making it easier for developers to create and for users to access DeFi services.
Use Cases:
Decentralized Exchanges (DEXs): DeepBook offers an efficient trading platform for DEXs, where traders can benefit from low slippage and high liquidity, even in volatile markets.
Liquidity Provision: Market makers and liquidity providers can utilize DeepBook's incentives to provide liquidity, benefiting from reduced trading fees and governance voting power.
Institutional Trading: With its design tailored for wholesale liquidity, DeepBook caters to institutional traders by offering a trading environment that rivals centralized exchanges but within a decentralized framework.
DeFi Applications: Developers can build DeFi applications that leverage DeepBook's liquidity, integrating functionalities like flash loans, dynamic fees, and shared liquidity pools, enhancing the overall DeFi ecosystem on Sui.
Collaborative Development:
DeepBook has been developed with contributions from key players within the Sui community, including initial support from MovEX and the Sui Foundation, with further development driven by Mysten Labs. This collaborative effort underscores DeepBook's role as a community-driven project aimed at advancing Sui's DeFi capabilities.
DeepBook uniquely combines a fully on-chain CLOB with Sui's high-performance blockchain for minimal slippage, high throughput, and transparent trading.
DeepBook's development was spearheaded by contributions from MovEX and the Sui Foundation, with significant input from Mysten Labs.
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OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like DeepBook DEEP. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of DeepBook (DEEP) is ($2,500,000,000), max supply of DeepBook DEEP is ($10,000,000,000) and the market cap of DeepBook DEEP is ($501,063,917).
What is the DeepBook (DEEP) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of DeepBook (DEEP) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether DeepBook (DEEP) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (DeepBook DEEP) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does DeepBook (DEEP) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether DeepBook (DEEP) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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