Should You Buy DeepBook Protocol in 2025?

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At HelloSafe, our expert has been monitoring the evolution of the DeepBook Protocol cryptocurrency for over three years. Every month, hundreds of thousands of users across Australia trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical policy, HelloSafe has never purchased DeepBook Protocol nor received any compensation from entities associated with its ecosystem.

DeepBook Protocol in brief

How much does 1 DeepBook Protocol cost?

The price of DeepBook Protocol is on the rise this week. As of today, DEEP is trading at approximately $0.152 USD, or around A$0.23, with a 24-hour gain of +2.2% and a week-on-week decline of about 5%. Market capitalisation stands at roughly A$730 million, putting DeepBook Protocol at the 110th rank among cryptocurrencies, while the average 3-month trading volume is near A$32 million. There are 2.5 billion DEEP tokens in circulation, representing about 0.06% of the total crypto market. Given recent volatility and the protocol’s growth on the Sui blockchain, DEEP is drawing the attention of both local traders and investors eyeing innovative DeFi projects.

Our complete review of the DeepBook Protocol crypto

Have investors been overlooking one of DeFi’s most disruptive market structure protocols amid shifting on-chain liquidity trends? Our latest breakdown leverages DeepBook Protocol’s three-year evolution, synthesising real-time on-chain metrics, advanced technical signals, and comparative market intelligence using proprietary algorithms. So, why might DeepBook Protocol represent, in 2025, a strategic re-entry point for traders seeking core exposure to decentralised liquidity innovation on the Sui blockchain?

Recent Performance and Market Context

Price Action & Positive Developments

DeepBook Protocol (DEEP) has delivered a robust showing over recent quarters, substantiating its post-launch momentum. After a volatile six-month price range ($0.033–$0.343), DEEP now consolidates between $0.150–$0.154, boasting a market cap of $385–$490 million and daily volumes peaking at $25 million. While a recent -5% weekly drawdown raises some caution, performance remains structurally positive: the protocol saw 120% monthly gains following its Binance Futures debut, and the key launch of Version 3 on the Sui mainnet has exceeded early adoption forecasts with over 1.1 million testnet transactions.

Several positive macro drivers converge in 2025’s DeFi landscape. Markets remain risk-on: the Sui ecosystem is expanding rapidly, and on-chain trading volumes are rebounding as institutional and retail capital returns to core DeFi infrastructure. DeepBook’s position at the heart of Sui’s trading stack places it at the confluence of these secular tailwinds.

Sectoral Tailwinds

Regulatory clarity across APAC and AU jurisdictions is catalysing deeper institutional flows, while zero-gas DeFi product innovation continues to unlock new user cohorts. DeepBook’s emergence as the principal Central Limit Order Book (CLOB) engine across Sui DEXs amplifies its network effects within this thriving environment.

Technical Analysis

Key Crypto Indicators

• Relative Strength Index (RSI 14d): Currently elevated (83–84), flagging short-term overbought territory after a rapid appreciation cycle. While this suggests the potential for a measured correction, it also validates persistent demand and strong positive momentum.
• MACD: Remains bullish, with underlying momentum intact—divergence analysis supports scope for continued upside, especially as price approaches resistance.
• Moving Averages: Short-term moving averages slope upwards, reinforcing near-term bullish bias.

Support & Resistance Levels

• Immediate Support: $0.12–$0.14: Recent retracements have found buyers in this band, indicating a durable buy-the-dip zone should broader profit-taking emerge.
• Active Resistance: $0.17–$0.19: Overcoming this ceiling could unlock renewed momentum, especially around protocol updates or large-scale exchange events.
• Short/Mid-Term Outlook: Despite high RSI, the technical structure remains constructive. High trading volumes suggest conviction-driven flows, and should DEEP sustain above $0.15, a squeeze toward the $0.19 target appears increasingly plausible.

Volume & Liquidity

Exchange Liquidity: DeepBook’s listing on Binance, Coinbase, and Bybit has catalysed a deep, reliable orderbook—daily volume in the $15–$25 million range confirms strong market confidence and tradability. As DeFi rotates back into focus, liquidity on both CEXs and Sui-native DEXs positions DEEP among top-tier assets in its segment.

Fundamental Analysis

Adoption & Ecosystem Expansion

DeepBook Protocol has asserted itself as the foundational liquidity layer for the Sui blockchain, powering all DEX and trading application infrastructure. A $21 million ecosystem grant cements long-term developer incentives, anchoring robust future expansion. Strategic partnerships with major Sui DeFi protocols and integration with institutional-grade trading platforms are generating sustained ecosystem inflows and developer activity.

Competitive Positioning & Innovation Edge

• On-chain CLOB Pioneering: DeepBook delivers the first fully on-chain CLOB with the speed and performance typically reserved for leading CEX products, differentiating it sharply from conventional AMM-based models.
• Shared Liquidity Model: This architecture incentivises volume aggregation, reducing slippage and tightening spreads—a key attraction for market-makers and sophisticated DeFi traders.
• Zero-Gas UX, Parallel Execution: The protocol unlocks fee-less end-user execution and leverages parallel transaction processing—a practical edge as DeFi scales.

Market Cap & Relative Valuation

Trading at a market cap of $385–$490 million (with a 25% circulating supply), DeepBook’s Fully Diluted Valuation remains compelling when benchmarked against blue-chip DeFi primitives, especially considering its dominance within its home ecosystem. Trading volumes and velocity underscore credible price discovery and underline upside room relative to competitors in the on-chain CLOB segment.

Community & Developer Strength

Backed by Mysten Labs, the protocol benefits from a highly engaged developer base and a strengthening community, further reinforced by significant Sui ecosystem momentum. These structural assets crystallise DeepBook’s network effects and decentralised value accrual over the medium-to-long term.

Structural Upside Catalysts

• Upcoming Protocol Upgrades: With DeepBook Version 3 only recently deployed, ongoing technical enhancements—particularly those that extend cross-chain compatibility—are anticipated.
• Major Exchange Listings: Further listings could markedly widen global distribution and drive incremental demand.
• Growing Sui-Native Volume: As Sui continues its L1 adoption cycle, increasing DeFi volumes will likely translate into higher protocol fee revenue and greater DEEP utility.

Investment Strategies by Horizon

Short-Term

• Momentum Trading: Despite an overbought RSI suggesting potential near-term volatility, persistent volume and strong technical structure enable tactical positioning—strong reactions off the $0.12–$0.14 support zone may offer high-conviction entry points.
• Catalyst Play: With protocol upgrades and potential exchange/partnership announcements on the horizon, short-term traders could benefit from momentum-driven spikes.

Medium-Term

• Accumulation on Dips: For those seeking exposure to DeFi infrastructure plays, gradual accumulation during technical retracements remains prudent given DeepBook’s dominant role in Sui’s liquidity stack and its ongoing integration milestones.
• Pre-Update Positioning: Entering ahead of major protocol enhancements (notably Version 4 development signals) can yield asymmetric upside as ecosystem metrics accelerate.

Long-Term

• Secular Growth Play: DeepBook’s structural positioning—serving as the base liquidity layer and order aggregation engine for what is emerging as one of the most innovative next-gen L1 ecosystems (Sui)—makes it a core candidate for buy-and-hold DeFi strategies.
• Institutional Adoption Angle: As regulation and infrastructure mature, DeepBook stands out as a potential institutional on-chain trading venue, with utility and demand for its token growing over the multi-year horizon.

DeepBook Protocol Price Predictions

Is Now the Right Time to Consider DeepBook Protocol?

The convergence of strong technicals, a robust and deepening liquidity profile across major exchanges, and its status as the underlying engine for the surging Sui DeFi ecosystem, combine to make DeepBook Protocol a notably attractive candidate for active and strategic investors alike. Its ability to deliver CEX-level performance and innovative decentralized architecture underlines lasting differentiation. The protocol’s expanding network effects, committed development roadmap, and frequent positive catalysts (from ecosystem grants to technological advances and upcoming upgrades) all embed significant torque for future upside.

While volatility remains a hallmark, DeepBook Protocol could well be poised for a new bullish cycle if technical support zones hold and further ecosystem milestones are achieved. The fundamentals justify renewed interest, and the ongoing market rotation into DeFi infrastructure means that DeepBook may soon enter a further phase of price discovery.

DeepBook Protocol remains a cryptocurrency with elevated volatility and dynamic opportunities that demand rigorous risk management. The recent acceleration in price confirms DeepBook Protocol’s potential for swift and significant movements; however, evolving macro conditions warrant continued selectivity. The $0.14 zone now acts as immediate technical support, with $0.19 as primary resistance. The next major protocol upgrade, targeted for H2 2025, stands as a critical potential catalyst for the asset’s trajectory. As the Sui ecosystem grows and new institutional capital enters, DeepBook Protocol’s unique positioning could generate substantial long-term upside for the agile investor.

How to buy the DeepBook Protocol?

It’s straightforward and secure to buy DeepBook Protocol (DEEP) online via a regulated cryptocurrency platform. In Australia, investors typically choose between two main methods: classic spot purchase (acquiring and owning the actual coins in a crypto wallet), or trading via CFDs (Contracts for Difference), which lets you speculate on price movements without owning the coins. Both approaches have their unique features, risks, and costs. To help you decide, we’ve prepared a detailed comparison of key platforms further down this page.

Spot Purchase

Buying DeepBook Protocol “spot” means you acquire real DEEP tokens, directly credited to your wallet on the exchange, and you truly own the coins. This method is ideal if you aim to hold DEEP long-term or want to use your tokens within the Sui blockchain ecosystem. Common fees for spot purchases usually include a fixed commission per transaction—typically between 0.1% and 1%, often charged in AUD.

Example

Let’s say DEEP is trading at $0.152 USD (about $0.23 AUD), and you want to invest $1,000 AUD.
- $1,000 AUD / $0.23 AUD ≈ 4,347 DEEP
- Minus about $5 AUD fee: you receive ≈4,326 DEEP tokens.

✔️ Gain Scenario
If the DEEP price rises by 10%, your holding is worth $1,100 AUD.
Result: $100 AUD profit, or +10% return on your investment.

CFD Trading

CFD trading on DeepBook Protocol means you don’t own the actual tokens—you take a position on whether DEEP’s price will go up or down. This approach is popular for short-term trading and allows you to apply leverage, multiplying both gains and risks. Main costs include the bid/ask spread (built into prices) and an overnight funding fee if you keep the position open more than a day.

Example

You open a CFD position on DEEP with $1,000 AUD and use 5x leverage.
- Exposure = $1,000 × 5 = $5,000 AUD

✔️ Gain Scenario
If DEEP’s price increases by 8%, your position grows: 8% × 5 = 40% return.
Result: $400 AUD profit on your $1,000 AUD margin (excluding possible fees and interest).

Final Advice

Before you invest, always compare the fees, available features, and conditions on trusted crypto platforms (see our comparator below). Your best choice depends on your goals and experience: spot buying suits long-term holders and DeFi users, while CFDs fit active or experienced traders seeking flexibility and leverage. Always invest according to your own risk tolerance.

Our 7 tips for buying the DeepBook Protocol

The latest news from the DeepBook Protocol

DeepBook Protocol has secured a $21 million ecosystem grant, accelerating partnerships, feature development and Sui blockchain adoption. This substantial funding injection, announced within the last week, is positioned to support both ongoing innovation and new development tracks, fostering deeper integration with the Sui ecosystem. The grant also enables greater engagement with institutional and DeFi partners, which could catalyse further DeFi adoption in markets such as Australia, where investment in Web3 infrastructure is steadily increasing and where such grants often signal robust, long-term project viability to local funds and trading desks.

DeepBook’s native token (DEEP) was officially listed on global leading exchanges including Binance Futures, boosting investor confidence and liquidity. This move, formalised over the past week, saw immediate positive effects, with a notable 30% price surge and a significant uplift in trading volume (peaking at $25 million in 24 hours). For Australian investors, the presence on exchanges like Binance, which is widely accessible locally, offers straightforward access to DEEP and underpins compliance with regional regulatory frameworks, as these platforms often implement dedicated KYC protocols for Australian users.

The successful mainnet launch of DeepBook Protocol Version 3 on Sui reinforces its status as essential DeFi infrastructure. After surpassing 1.1 million transactions during its testnet phase and now running on Sui mainnet, DeepBook V3 delivers ultra-low-latency trading, parallel execution, and zero gas fees for end users. These technical milestones position the project as a high-throughput, cost-effective solution for institutions and retail traders—particularly relevant as Australia’s digital asset sector is actively exploring next-generation DeFi order book technologies for both compliance reasons and user experience improvement.

Market sentiment for DeepBook Protocol remains robust, buoyed by technical strength and its key role within Sui ecosystem growth. Despite a 5% price dip over the week—primarily attributed to generalized short-term volatility and overbought technical levels (RSI 83-84)—analysts highlight a bullish short-term outlook, supported by positive MACD signals and moving averages. Locally, Australian trading communities and specialist funds are monitoring these signals, recognising DeepBook as a foundational DeFi layer, with its ongoing momentum indicating healthy market confidence even after strong recent gains.

DeepBook Protocol has attained recognition as a top DeFi project on Sui for 2025, drawing attention from Australian DeFi developers. This accolade, confirmed this week, underscores DeepBook's reputation for innovation and technical leadership, including pioneering on-chain CLOB performance and a shared liquidity model. Australian developer and startup communities, already active in the Sui and DeFi arenas, have publicly acknowledged DeepBook’s infrastructure advantages, laying the groundwork for further regional integrations and collaborative initiatives likely to be well-aligned with the country’s forward-looking crypto policy approaches.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.