DeepBook Protocol

DeepBook Protocol Product Introduction

• Product Overview: DeepBook Protocol is a high-performance decentralized exchange (DEX) built on the Sui network, featuring a fully on-chain order book that delivers a trading experience comparable to centralized exchanges (CEXs). It focuses on high throughput and low latency, aiming to provide an efficient trading environment for users and developers.
• Technical Features: DeepBook leverages Sui network’s low-latency infrastructure (finality in approximately 390ms) and ultra-low transaction fees (sub-cent level), supporting a modular engine and permissionless liquidity pools. Its on-chain matching mechanism is transparent, ensuring fair pricing and low slippage while offering real-time order matching and full market depth.
• Key Features: DeepBook provides precise limit orders, deep liquidity, and optimized execution for large traders. It also supports various innovative use cases, such as hybrid automated market makers (AMMs), dynamic liquidity protocols, margin trading protocols, prediction markets, multi-leg trades, and flash loans.
• Token and Ecosystem: DeepBook has introduced its native token, DEEP, which facilitates seamless transactions, incentivizes liquidity provision, and aligns the interests of participants within the Sui DeFi ecosystem. The total supply of DEEP tokens is 10 billion, with approximately 3.244 billion currently in circulation.
• Developer Support: DeepBook offers robust composability and integration-ready APIs for developers, enabling the creation of advanced user interfaces, strategy bots, professional analytics tools, and custom liquidity logic to support innovative project development.
• Vision and Goals: DeepBook aims to lead the next generation of Web3 finance, fostering the growth of decentralized finance (DeFi) by empowering users and builders with efficient and innovative solutions.
• Market Performance: Based on publicly available data, DeepBook Protocol is traded on multiple active markets, with recent 24-hour trading volumes reaching tens of millions of USD, reflecting significant market interest and recognition.