In the past 7 days, the Deepbook Protocol (Deep) rose more than 161%, rising from around $ 0.0896 to $ 0.2519 to April 28, 2025, as per CoinMarketCap data. This progress was accompanied by a huge increase in trading volume, with a 24 -hour volume of over $ 472 million, indicating the increased interest of the investor.
Price movement aligned with recent development, including the launch of Deepbook V3.1, which introduced features such as pools without permission and improved liquidity. In addition, increasing activity in the SUI Network sector sector has contributed to the trading volume and the price of Deep. Despite the wonderful rally, the Deep remains about 34% below all time high $ 0.34. This suggests the potential for further growth if market conditions remain desirable.
Main Development Strengthens Demand for Deep Token
Here are the factors that have contributed to the rising price of Deep last week.
- Binance Futures Listing: On April 22, Binance announced a list of deep eternal contracts with up to 50x leverage. This significantly increased the visibility and trade of the token, which contributes to a large price rally.
- Upbit Exchange List: South Korea’s top exchange, upbit, also listed deeply on April 22. The list led to a well -known price increase, with a DEEP value from $ 0.092 to a peak of $ 0.1787 shortly after the announcement.
- Bitget Exchange List: On April 25, Bitget announced a depth list in the innovative ideas and Defi Zone, which further expands the token access to entrepreneurs.
- Protocol upgrading: Deepbook launched version 3.1 on the SUI network on April 15, introducing features such as pools without permission, lower charge, and deeper liquidity. This upgrade improves protocol operating and attracts more users.
- AirDrop campaigns: Deepbook is engaged in its community through airdrop campaigns. Noteworthy, BYBIT posted an exclusive campaign with a prize pool of 1.5 million deep tokens, indicating user participation and demand increased.
What is Deepbook Protocol?
Deepbook protocol is a platform of decentralized finances (DEFI) developed in the Sui Blockchain, designed to provide a high performance, fully trading experience in the chain through a model of the Central Limit Order Book (CLOB). Unlike automatic market makers (AMMs), which rely on liquidity pools, DeepBook allows users to place limit and market orders directly to the chain, offering more accuracy in price detection and reduced slippage.
Basic Features of DeepBook Protocol:
- Fully on-chain order book: all trading activities, including ordering and implementation, are carried out in the chain, ensuring complete transparency.
- High efficiency: SUI architectural deprivation, Deepbook achieved low-lattency and high-throughput implementation, with settlement hours reaching around 390 milliseconds.
- Deep liquidity: Protocol combines —It includes liquidity from a variety of sources, facilitating large trade with minimal price effects.
- Composability: Developers may seamlessly combine deepbook with other DEFI applications, which expands its utility throughout the ecosystem.
- Deep token Utility: The native token, deep, serves many goals within the Deepbook ecosystem:
- Payment Payment: Deep is used to pay for trading fees and pool creation fees on the platform.
- Skip incentives: The token enhances trade liquidity by offering rebates to market makers during low liquidity and volume discounts in liquidity seasons.
- Management: Deeply enables management of the pool level by adjusting staking and fees requirements, ensuring that small voters have a significant voice while preventing the acquisition of managing large holders.
- With a maximum supply of 10 billion tokens and a initial circulating -transfer supply of 2.5 billion, deep is essential to the operation and management of the Deepbook protocol.
Deepbook’s major competitors
The Deepbook Protocol (DEEP) operates as a decentralized central book order limit (CLOB) to the Sui Blockchain, which offers high performance, on-chain trading infrastructure. Its major competitors include other decentralized exchanges (DEX) and liquidity protocols that provide similar functioning.
Lets check the major competitors of the Deepbook protocol
- Uniswap
- Blockchain: Ethereum and various Layer 2 networks
- Model: Automated Market Maker (AMM)
- Strengths: AMM model advised, boasting deep liquidity and a broad user base
- Communication: While Uniswap uses an AMM model, its dominance in the defi space makes it a significant competitor in terms of the user’s adoption and liquidity provision.
- Raydium
- Blockchain: Solana
- Model: Hybrid AMM and Clob by integrating with the serum
- Strengths: combines the benefits of AMMs and ordering books, offering fast and inexpensive trade
- Communication: Raydium’s hybrid model provides a flexible trading experience, which positions it as a competitor in the Clob’s Deepbook approach.
- Cetus
- Blockchain: Sui
- Model: Automated Market Maker (AMM)
- Strengths: Adapted for Sui Ecosystem, dedicated to great token swaps
- Contact: As a native Sui-based Dex, the cetus competes directly on the deepbook for liquidity and user interaction within the same blockchain ecosystem.
- After finance
- Blockchain: Sui
- Model: Decentralized Exchange (DEX)
- Strengths: Includes Deepbook for Liquidity but also offers own trading services
- Communication: While the Deepbook infrastructure is seizing, Finance Finance acts as both a cooperative and a competitor to the entrepreneurship of Sui entrepreneurs.
- Kriyadex
- Blockchain: Sui
- Model: Decentralized Exchange (DEX)
- Strengths: Provides advanced trading features and incorporated into Deepbook
- Communication: Kiyadex’s integration with Deepbook positions is unique as both user and competitors, aimed at obtaining a portion of the SUI trading volume.
The Deepbook protocol is self-identified by offering a fully on-chain clob model to the Sui Blockchain, aimed at high-speed and low-lattency trading. Its main competition derived from both established DEXs such as Uniswap and Raydium, which dominates the liquidity and user base, and native SUI -based SUI -based platforms such as Cetus, Aftermath Finance, and Kriyadex, which is VI for popularity within the same ecosystem. The competitive scene is dynamic -new, with partnerships and integration that fade lines between competitors and partners.
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Image credits: CoinMarketCap, Canva