What DeepBook Protocol governs

DeepBook Protocol (DEEP) is a DeFi protocol governance token, currently ranked 242nd by market capitalization among the assets we track. DeepBook Protocol sits at the center of a decentralized-finance application. The token coordinates governance, sometimes routes protocol revenue to holders, and ties its value to how much the underlying protocol is actually used.

DeepBook Protocol (DEEP) is a decentralized exchange protocol designed to enhance the trading experience by offering features like order book management and automated liquidity provisioning. It aims to empower users with improved trading efficiency and transparency in decentralized finance.

How value is supposed to accrue

Usage drives everything here: more deposits and more volume mean more fees, and the token's value depends on whether those fees flow back to DEEP rather than evaporating to liquidity providers alone.

Background & fundamentals

The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in DEEP. In sector terms it is most often filed under Sui Ecosystem, DeFi, and Decentralized Exchange (DEX).

Where DeepBook Protocol sits in the market

With DEEP near $0.0154, DeepBook Protocol carries a market capitalization of $54.40M. Around $2.60M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 4.78% of the float — a healthy level of activity for an asset this size.

Almost the entire DEEP supply is already in circulation (~100.0% of the 10B cap), so future dilution is effectively off the table. DEEP remains -95% beneath its all-time high of $0.3425, the kind of gap that historically takes a full cycle or a fresh catalyst to close.

What the price history shows

Recent moves read 24-hour -4.22%, 7-day -2.12%, 30-day -6.40%, 1-year -81.53%. Within its stored 363-day daily history, DEEP mounted a low-to-high run of roughly 82% at its strongest stretch.

Volatility profile

Recent action puts DeepBook Protocol in the High-volatility band — it has been actively trading, with daily moves that would be unusual in traditional equities. Over the last 30 days the move totals -6.40%, a useful input for stop placement and position sizing.

How to evaluate a DeFi token like DeepBook Protocol

The honest checklist for DEEP is short:

  • Protocol revenue — fees the application actually earns, and whether any of it reaches DEEP holders.
  • Total value locked — how much capital trusts the protocol — and how sticky it is versus mercenary yield.
  • Token utility — whether DEEP is load-bearing (governance over real value, fee rights) or decorative.

This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.