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DeepBook Price

(DEEP)

$0.017191
+0.17%(1h)

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DeepBook (DEEP) Live Price Chart

    DeepBook Live Price Data

    DeepBook is currently trading at 0.017191, with a 24-hour trading volume of 677110. Over the past hour, the price of DeepBook changed by -0.13%, and over the past week, its value in dropped by -3.44%. The circulating supply of DeepBook is 5.47B DEEP, with a market cap of 93890701.00902836017461200400 , down -0.13% in the last 24 hours. DeepBook is ranked #177 by market cap.

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    Note: This data is for reference only.
    pk

    DEEP(DEEP) Profile

    altRank177
    rate--
    Expand
    $0.017019
    $0.01737

    ATH
    $0.34355096
    Price Change (1h)
    +0.17%
    Price Change (24h)
    -0.13%
    Price Change (7d)
    -3.44%
    Market Cap
    24h Volume
    Circulating Supply
    5.47B
    Max Supply
    10B

    About DeepBook

    • What Is DeepBook (DEEP) Crypto?

      DeepBook (DEEP) is a decentralized central limit order book (CLOB) built on the Sui blockchain. It aims to provide a high-performance, low-latency trading experience for decentralized finance (DeFi) users. DeepBook serves as the primary liquidity layer on Sui, allowing users to trade with minimal slippage and lower transaction fees. The platform is designed to cater to both individual and institutional traders.

       

      The native token, DEEP, plays a key role in DeepBook's ecosystem. You use DEEP to pay for trading fees, and you can also stake it to participate in the platform's governance. By staking, you can propose changes to key parameters like trading fees and vote on important decisions. Additionally, market makers who provide liquidity can earn rewards in DEEP.

       

      With its high throughput and dynamic fees, DeepBook aims to be the backbone of Sui’s DeFi liquidity, offering transparency and efficient trading options.

    • How Does DeepBook Work?

      DeepBook (DEEP) is a decentralized CLOB built on the Sui blockchain. It works by allowing users to place and match orders for tokens in a fully on-chain environment. You can place both market and limit orders. If you submit a market order, it matches instantly with available orders. If you place a limit order, it will only execute when the price conditions are met.

       

      DeepBook leverages Sui's high-speed, low-cost execution, which means you get fast transaction processing with low fees. It also uses a shared liquidity pool system, which ensures you get smooth trades with minimal slippage, even for large transactions. As a trader, you can stake the DEEP token to reduce trading fees and participate in governance, where you can vote on key protocol changes like trading fee structures.

       

      DeepBook's open-source design means the community can continuously improve it, making it a key liquidity platform for Sui’s DeFi ecosystem.

    • History of DeepBook Order Book and DEEP Coin

      DeepBook (DEEP) was launched by the Sui Foundation as the first native liquidity layer on the Sui blockchain. It was developed in collaboration with key community contributors like MovEX and Mysten Labs. The project officially went live with its DEEP token on October 14, 2024.

       

      DeepBook's roadmap includes continued enhancements to liquidity features and governance, enabling the community to propose changes to trading fees and improve the platform’s performance. The launch of DeepBook V3 introduced significant upgrades such as flash loans, dynamic fees, and enhanced liquidity sharing across pools, making it more efficient and cost-effective for users. 

    • What Is DEEP Token Used for?

      The DEEP token is used primarily within the DeepBook platform on the Sui blockchain for several key purposes:

       

      1. Trading Fees: You use DEEP to pay trading fees on the platform. This provides a cohesive experience by integrating a native token for transactions.

       

      2. Liquidity Incentives: DEEP encourages liquidity by offering rebates to market makers during low liquidity periods. This helps ensure smooth trades with minimal slippage.

       

      3. Governance: By staking DEEP, you can participate in governance decisions, such as adjusting trading fees or other key parameters. This makes DEEP essential for shaping the future of the platform.

       

      4. Fee Discounts: If you stake DEEP, you can also enjoy discounts on trading fees, which get progressively better the more you trade or provide liquidity.

       

      In addition, you can also trade DeepBook token against other cryptos listed on the KuCoin Spot Market after you do your own research (DYOR). Based on your investment goals and risk tolerance, you can buy, sell, or HODL $DEEP in your portfolio.

    • What Is DeepBook Tokenomics?

      DEEP has a maximum supply of 10 billion tokens, with 25% of the supply unlocked at genesis. The remaining tokens will be distributed over 7 years. Allocation includes 10% for early adopters, 28.43% for core contributors and backers, and 61.57% for ecosystem growth.

    FAQ

    • How much is 1 DeepBook (DEEP) worth?

    • Is DeepBook (DEEP) a Good Investment?

    • What Is DeepBook Price Prediction?

    • How to Stake DEEP Tokens on DeepBook

    • What is the all-time high price of DeepBook (DEEP)?

    • What is the all-time low price of DeepBook (DEEP)?

    • How much DeepBook (DEEP) is there in circulation?

    • How do I store DeepBook (DEEP)?