Should You Buy DeepBook Protocol in 2025?

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

DeepBook Protocol in brief

How much does 1 DeepBook Protocol cost?

The price of DeepBook Protocol is down this week. Currently trading at CA$0.203, DEEP has dipped by 3.34% in the last 24 hours and 15.05% over the past seven days. Its market capitalization sits at approximately CA$660.4 million, with a circulating supply of 3.24 billion tokens, while its average daily trading volume over the last three months is about CA$28.3 million. DEEP stands at 112th in market cap ranking, representing roughly 0.07% of the total crypto market by value. With ongoing volatility and active community engagement, DeepBook Protocol remains a dynamic option for investors tracking the Canadian DeFi landscape.

Our full review of the DeepBook Protocol cryptocurrency

Have investors fully grasped the renewed strategic potential of DeepBook Protocol as the backbone of on-chain liquidity on Sui? After reviewing DeepBook’s latest price trends and its remarkable three-year journey, our quantitative analysis—aggregating on-chain metrics, technical signals, market data, and competitive benchmarking—offers a comprehensive perspective. So, why could DeepBook Protocol once again become a prime entry point for next-generation DeFi infrastructure in 2025?

Recent Performance and Market Context

Price Trends

DeepBook Protocol (DEEP), since launching in October 2024 at $0.018, has demonstrated extreme volatility characteristic of high-potential DeFi tokens. Its rapid ascent to an all-time high of $0.3436 in January 2025—representing a parabolic +1,800% gain—was followed by a healthy correction, with price recently stabilizing around $0.1485. Notably, DEEP remains up over +1,286% year-on-year, underscoring robust early demand. This retracement from ATH positions DEEP at a -56% discount relative to peak valuations—often regarded by seasoned investors as an accumulation zone with asymmetric upside potential, particularly if ecosystem fundamentals remain strong.

Recent Positive Catalysts

Major exchange listings—including Bybit, KuCoin, Gate.io, and notably the Upbit KRW and Binance Futures pairs—have triggered substantial price surges (+115% and +30% respectively), validating external institutional and retail interest. Token volumes have averaged $20.6M daily over three months: a level reflecting both liquidity depth (vital for institutional flows) and strong community conviction. Development activity, ranked #2 across all DeFi protocols, signals sustained technical innovation and ecosystem commitment.

Macro and Sectoral Tailwinds

DEEP’s value proposition is intimately linked to Sui Network's explosive growth. Sui now stands as one of the top emerging blockchains by TVL and transaction throughput, with deep investor attention shifting to projects enabling seamless, permissionless liquidity and CEX-grade order execution in a fully on-chain context. As global monetary policy turns increasingly risk-on—driven by expectations of rate cuts and inflows into digital assets—novel DeFi infrastructural plays like DeepBook appear uniquely compelling.

Technical Analysis

Key Crypto Indicators

• RSI (14-day): After peaking in overbought territory (84-86), the RSI has normalized, suggesting a phase of consolidation with reduced short-term selling pressure.
• MACD: Mixed, but recent bearish divergences are moderating as the protocol establishes support—indicative that a momentum reversal is forming should macro conditions stabilize.
• Moving Averages: DEEP is currently trading below key short-term resistance ($0.1613), hovering above primary support ($0.1457). The proximity to support—a zone repeatedly defended over recent sessions—enhances risk/reward for staged entries.

Supports, Reversal Signals, and Structure

• Primary Support: $0.1457 remains the immediate level to monitor. Below this, $0.10 marks a strong psychological and historical anchor from early post-launch price action.
• Primary Resistance: $0.1613 is the first level bulls need to reclaim for confirmation of renewed upside momentum. Secondary resistance sits at $0.18, above which a move toward the January highs ($0.3436) could accelerate.
• Momentum Outlook: The cooling RSI post-correction, paired with declining selling volumes, suggests seller exhaustion. Range-bound consolidation above support, with a bottoming MACD, historically precedes major impulse waves—particularly when layered atop strong fundamental drivers.

Short- and Medium-Term Structure

The technical structure points to an attractive window for accumulating DEEP on dips, especially as selling pressure tapers and volatility contracts. Both short and medium-term traders may find favorable reward/risk dynamics in anticipation of protocol upgrades or renewed Sui-driven market attention.

Fundamental Analysis

Growing Adoption and Ecosystem Traction

• Sui DeFi Infrastructure: DeepBook is the Sui ecosystem’s native CLOB and liquidity backbone. As DeFi migrates to Sui, all major DEXs and trading venues are integrating with DeepBook for its unmatched throughput and composability.
• User Base and Community: Community sentiment is overwhelmingly bullish (88% positive), with strong engagement and rapid user growth since launch.
• Partnerships: Early integration by top exchanges and aggregators, combined with the backing of Mysten Labs and leadership from high-profile figures such as former Meta blockchain architect Evan Cheng, instill confidence in execution and industry support.

Valuation and Structural Advantages

• Market Cap/$481.94M: DeepBook’s capitalization—substantial for a protocol under a year old—remains notably under its fully diluted valuation ($1.48B), indicating further dilution risk but also substantial runway as more tokens enter circulation and the ecosystem matures.
• TVL/Protocol Importance: As the liquidity primitive for Sui, DeepBook’s valuation may dramatically expand if Sui’s DeFi TVL keeps surging—offering a “picks-and-shovels” advantage in the wider ecosystem race.
• Technological Edge: Offering the first natively on-chain, parallelized CLOB with zero gas fees for users gives DeepBook a competitive moat—potentially leapfrogging older, siloed DEX models on other chains.

Volume and Liquidity Metrics

• Daily Trading Volume ($16.29M): Recent volumes—although below peak launch mania—are consistently high compared to mid-cap tokens, ensuring both deep liquidity and sustained market interest.
• Dominance: DeepBook is uniquely positioned as the liquidity hub of the Sui ecosystem, anchoring it near the top of DeFi sector caps on the Sui chain and among leading new DEX plays globally.

Positive Catalysts and Coming Milestones

• Protocol Upgrades: Anticipated enhancements—including further zero-gas optimizations, new aggregation integrations, and additional exchange listings—could drive substantial new user and developer inflows.
• DeFi/NFT/Layer Integrations: As NFTs and new derivatives launch on Sui, DeepBook’s infrastructure role is primed to capture exponential transaction flow.
• Favorable Regulatory/Institutional Trends: Increasing clarity in DeFi regulation, plus growing institutional interest in composable order book infrastructure, amplify the sector’s appeal.

Investment Strategies: Positioning Across Horizons

Tactical (Short-Term)

• Entry on Support: Investors may view the current price, near technical support, as a tactically attractive re-entry for momentum trading. Short-term positions could be structured to capture anticipated protocol update-driven spikes or broader Sui rallies.
• Volatility Play: High historical beta means price surges can be material—especially around exchange listings or Sui-related news events.

Strategic (Medium-Term)

• Accumulation During Consolidation: Ongoing protocol improvements and further Sui DeFi adoption may warrant a strategy of phased portfolio allocation during periods of market consolidation.
• Anticipation of Protocol Upgrades: Positioning ahead of announced milestones—such as new cross-chain integrations or governance shifts—enables exposure to potential medium-term price re-ratings.

Long-Term (Core Holding)

• Infrastructure Bet: For those targeting transformational DeFi infrastructure, DeepBook’s fundamental role as Sui’s order book and liquidity router is a persuasive rationale for core, long-term holding—mirroring the early-stage investment logic seen with order books on other L1s during their growth phases.
• Layered Entry Approach: Ideal positioning may entail incremental buying on technical pullbacks, and meaningful allocation ahead of scheduled protocol developments.

Optimal Timing

Historically, periods following deep corrections, combined with renewed developer and ecosystem activity, have presented some of the best multi-month returns in DeFi. For DeepBook, current consolidation, coupled with upcoming upgrade catalysts, may signal renewed positioning by both retail and institutional investors.

DeepBook Protocol: Price Forecast Table

Is Now the Right Time to Consider DeepBook Protocol?

• Blue-chip Sui infrastructure positioning as the default CLOB/liquidity hub for Sui DeFi
• Aggressive ecosystem traction across both retail and institutional segments (top DeFi development ranking, high community adoption, strong partnerships)
• Attractive valuation relative to potential Sui DeFi TVL inflows
• Exceptionally robust liquidity and trading volumes for a newly launched protocol
• Technical structure favoring buyers near support, with clear upside catalysts ahead (protocol upgrades, major listings, Sui ecosystem growth)
• Exposure to a unique, composable DEX model that is zero-gas, high throughput, and natively institutional-friendly

Optimistic Outlook and Investment Case:

Current market structure, both technical and fundamental, positions DeepBook Protocol as a notably attractive opportunity for investors seeking exposure to the next generation of DeFi infrastructure. Its dominant role within the rapidly expanding Sui ecosystem, the confluence of positive upcoming catalysts, consistently high development activity, and a strong capital-market narrative all justify a renewed focus. For those seeking dynamic crypto investment strategies—with both short-term event-driven momentum and long-term structural upside—DeepBook Protocol could well be entering a new growth phase.

DeepBook Protocol remains a high-volatility asset, providing excellent opportunity for dynamic investors and portfolio diversification—assuming rigorous risk management is practiced. Recent consolidation, alongside major ecosystem upgrades on the horizon, underscores why the current entry zone seems particularly compelling for those interested in the next wave of crypto-DeFi innovation.

How to buy the DeepBook Protocol?

It’s easy and secure to purchase DeepBook Protocol (DEEP) online using a regulated crypto platform accessible to Canadian residents. You have two main options: the first is a spot (direct) purchase, where you own the actual DEEP coins; the second is to trade DEEP via Crypto CFDs (Contracts for Difference), which allows you to speculate on its price without owning the tokens. Each method suits different investor profiles. To help you choose, we provide a detailed platform comparison further down this page.

Spot Purchase (Direct ownership)

Buying DeepBook Protocol on the spot market means you acquire and genuinely own the DEEP tokens, which you can withdraw to your personal crypto wallet for maximum security. The main fee is typically a fixed commission per transaction, often ranging from 0.2% to 1%, plus a flat transaction fee (for Canadian platforms, around 1–2 CAD per buy).

Example of spot purchase

For example, say you invest 1,000 CAD when DEEP is trading at $0.1485 USD (approx. $0.203 CAD*). With 1,000 CAD and a 5 CAD fee, you could buy about 4,899 DEEP coins:

• Calculation: (1,000 – 5) CAD = 995 CAD ÷ 0.203 CAD ≈ 4,899 DEEP
• If DEEP’s price rises 10%, your holdings are now worth about 1,100 CAD.
• → Result: +100 CAD gross gain, or +10% on your investment.

Trading DeepBook Protocol via CFD

With crypto CFDs, you don’t own actual DEEP coins. Instead, you open a contract that mirrors DEEP’s price movements—up or down. The main fees here are the spread (the small gap between buy and sell prices) and overnight financing if your position remains open, especially with leverage. Suppose you invest 1,000 CAD using 5× leverage: your market exposure climbs to 5,000 CAD.

Example of CFD trading

• Example: DEEP gains 8%. With 5× leverage, your CI gains 8% × 5 = 40%.
• → Result: +400 CAD net gain (on your 1,000 CAD stake), excluding fees.
• Be aware that leverage increases both returns and risks.

Before you invest

Always compare the fees, available features, and security standards of each platform (see our comparator below). Choosing between buying DEEP tokens directly or trading CFDs depends on your goals, risk tolerance, and experience. Take the time to study both methods and pick the one that matches your investor profile.

Our 7 tips for buying DeepBook Protocol

The latest news from the DeepBook Protocol

DeepBook Protocol’s listing on all major international exchanges ensures easy access and high liquidity for CA-based investors. With Bybit, Gate.io, MEXC, KuCoin and Upbit all supporting DEEP trading, Canadian residents have multiple fiat-on/off ramps and liquid venues to participate. While there is no bespoke CA exchange listing during the past week, these global platforms are all accessible from Canada, maintaining robust order books and reliable settlement for institutional and retail users alike. Combined with above-average daily trading volume ($16.3M, with a three-month average of $20.6M), the token’s market depth remains strong, mitigating slippage and supporting active portfolio strategies for Canadian traders.

Positive sentiment and top 2 ranking in DeFi development reinforce an optimistic outlook for DeepBook in Sui and beyond. Recent data indicates that bullish community support remains exceptionally high (88% of over 40,000 market participants surveyed express a positive outlook), coinciding with DeepBook’s second-place standing in 30-day DeFi development activity. This combination signals not only strong grassroots enthusiasm but also a vibrant pace of protocol upgrades and ecosystem innovation, elements that are particularly valued in the Canadian DeFi investing community, where technology leadership and transparent development are prioritized in portfolio allocations.

Zero gas fees for end-users and seamless integration with Sui DeFi enhance user adoption and institutional utility. The protocol’s model, which eliminates gas costs for traders, directly reduces friction for both retail and institutional players—an important factor as Canadian users often face high gas fees with many popular blockchains. Additionally, DeepBook’s core role as a native liquidity layer and the first on-chain central limit order book for Sui means it is positioned at the foundation of a fast-growing ecosystem, enabling composability and integration with other DeFi platforms. Such interoperability and cost efficiency are compelling value propositions for both individual and institutional CA investors seeking innovative trading infrastructure.

Major exchange listings and technical achievements continue to drive ecosystem growth and market visibility for DeepBook Protocol. The recent surge in development, alongside prominent listings such as Binance Futures (April 2025), has translated into substantial market movements—most notably a 30% surge following the Binance announcement and a 115% rally with the Upbit KRW pair launch. Although these listing events occurred slightly outside the strict 7-day window, their strategic ramifications persist, particularly in supporting liquidity, market discovery, and price stability. Canadian analysts place strong importance on such major milestones, given their impact on sustained adoption and perceived legitimacy within the evolving framework of regulatory oversight.

Development leadership by Sui Foundation, MovEX, and Mysten Labs ensures trusted governance and technology pedigree. DeepBook’s core team, including collaborators from Sui Foundation and the Sui creators Mysten Labs (led by blockchain veteran Evan Cheng), provides a high level of credibility and forward vision. For Canadian market participants and institutional allocators, reputable team leadership is a critical consideration amid ongoing global scrutiny of DeFi governance and project sustainability. The community-driven, public-good governance model—alongside transparent token distribution—bolsters trust and supports potential risk-adjusted returns in a regulated and cautious Canadian crypto landscape.

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.