What is DeepBook Protocol?

DeepBook Protocol (DEEP) is an altcoin currently ranked 236th by market capitalization across all crypto assets we track. It trades alongside other digital assets across centralized and decentralized venues globally.

Market position

At the current price of $0.0158, DeepBook Protocol carries a market capitalization of $55.64M. Daily trading volume across exchanges sits at roughly $3.61M. That works out to a 24-hour turnover of about 6.49% of the float — consistent with healthy market activity for a mid-to-large cap asset.

Price action across timeframes

Over the past 24 hours, DeepBook Protocol has moved -3.19%; over the past week, DeepBook Protocol has moved -29.40%; over the past 30 days, DeepBook Protocol has moved -6.40%; over the past year, DeepBook Protocol has moved -81.53%.

Cycle position

DeepBook Protocol is currently trading far below its all-time high (all-time high of $0.3425, -95.4% from peak). . From its all-time low of $0.0216, current pricing represents a +-27% recovery.

Supply & dilution

The circulating supply stands at 10,000,000,000 DEEP. With 100.0% of the maximum supply already issued, future dilution is near-zero — almost all token issuance is behind us.

Volatility profile

Recent price action puts DeepBook Protocol in the Extreme-volatility bucket. The asset is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely. Over the past 30 days, the 30-day move totals -6.40%, which traders should weigh against position sizing and stop-loss placement.

How to evaluate DeepBook Protocol

A balanced read on DEEP typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is DEEP performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

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. Source: CoinPaprika.com