Should You Buy DeepBook Protocol in 2025?

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At HelloSafe, our expert has been monitoring the evolution of DeepBook Protocol cryptocurrency for over three years. Every month, hundreds of thousands of users in Singapore 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 charter, 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 up this week. As of now, DEEP is trading at around S$0.20, with a 24-hour movement ranging from -3.3% to +8.4% and a sharp 16.0% decline over the past week. Its current market capitalisation stands between S$490M and S$667M, placing it at #203 by market cap, while daily trading volumes over the last three months average S$22M–S$34M. There are roughly 2.5 to 3.24 billion DEEP tokens circulating, representing a market dominance of just under 0.04%. Investors in Singapore should note DEEP’s significant recent volatility, making it essential to weigh short-term risks against long-term growth potential.

Our complete review of the DeepBook Protocol crypto

We’ve closely analyzed the latest DeepBook Protocol trends and its trajectory since launch, leveraging multi-source analytics—on-chain signals, technical indicators, market data and a rigorous review of the evolving DeFi landscape—consolidated via our proprietary algorithms. Despite the token’s youth, recent data reveals patterns, momentum, and structural shifts that cannot be ignored by any sector participant in 2025. So, why could DeepBook Protocol re-emerge next year as a strategic entry point for Sui DeFi infrastructure?

Performance & Market Context

Recent Price Movements

DeepBook Protocol (DEEP) trades around $0.15 as of June 2025, following a period of both rapid appreciation and notable correction—typical for a token launched in late 2024. After reaching its all-time high of $0.343 in January 2025, DEEP underwent a marked pullback, with a 7-day correction of -16%. This volatility is emblematic not just of DeepBook’s youth, but of the dynamic capital rotation within the DeFi sector post—2024 bull market.

Volume remains robust: 24-hour exchange volumes fluctuate between $16M and $25M, consolidating DEEP’s liquidity footprint on major CEXs. The market capitalization, now $360M–$490M, places DeepBook Protocol within the top #200–#210 tokens by value, suggesting increasing institutional and retail activity.

Positive Catalysts and Macro Tailwinds

• Major Protocol Upgrade: The v3.1 upgrade (April 2025) delivered significant technical refinements, optimizing latency and improving throughput, both critical to CLOB infrastructure.
• Ecosystem Growth: DeepBook’s TVL surpasses $27.9M—impressive just eight months post-launch. The protocol’s integration with top Sui-based DEXes and aggregators further elevates its role as the default liquidity layer for the Sui ecosystem.
• Foundational Partnerships: Direct support from Sui Foundation, plus backing by a16z and Lightspeed, reinforce long-term conviction among sophisticated investors.
• Sector-wide Winds: Renewed DeFi sector confidence in 2025—driven by regulatory stability in key jurisdictions and a post-halving crypto uptrend—creates a fertile environment for advanced infrastructure plays like DeepBook.

Technical Analysis

Key Crypto Indicators

While historical technicals (RSI, MACD, and moving averages) remain limited due to DeepBook’s recent launch, certain structural features can be inferred:

• Support Zone: Price action has reliably respected the $0.14–$0.15 band, indicating substantive demand absorption at these levels.
• Upside Trigger: The former all-time high of $0.343 serves as a clear breakout threshold. Any challenge or retest would likely result in pronounced momentum, given the thin resistance profile above current price.
• Volume & Liquidity: With consistently strong trading volumes ($16–25M daily), order book depth remains robust—a key ingredient for potential bullish reversals.

Momentum & Structural Readiness

Despite short-term volatility, reversal signals have begun to emerge as the ecosystem absorbs vesting unlocks and consolidates liquidity. With the v3.1 update digested, sentiment appears to be stabilizing, laying groundwork for a new medium-term advance should overall market conditions remain constructive.

Fundamental Analysis

Demand Drivers and Competitive Edge

DeepBook Protocol’s core innovation—serving as a native on-chain orderbook (CLOB) for Sui—differentiates it sharply from AMM-only competitors. Key strengths include:

• Fully on-chain execution: Enables transparent, auditable liquidity flows matching institutional-grade standards.
• Parallel Execution/Low Latency: Leverages Sui’s cutting-edge parallel transaction processing for unmatched speed; ideal for both power users and high-frequency strategies.
• Implementation & User Experience: Fee minimization and latency improvement increase protocol stickiness, feeding virtuous cycles of adoption.

Ecosystem Development & Strategic Backing

• Rapidly Expanding Integration: DeepBook now underpins liquidity on multiple Sui-based platforms, increasingly acting as a backbone for novel DeFi/NFT/L2 applications.
• Dollar Commitment (TVL): Crossed $27.9M TVL, a clear vote of confidence by professional liquidity providers and DeFi builders.
• Strong Governance Framework: Vesting schedules ensure supply discipline while incentivizing ecosystem growth, mitigating short-term dilution risk.
• Network Effect: Early-adopter advantage with Sui’s exponential ecosystem growth creates a self-reinforcing feedback loop.

Attractive Valuation and Market Standing

• Market Cap Position: At $360M–$490M, DEEP’s relative valuation is compelling when benchmarked versus other DeFi infrastructure tokens with similar use cases but higher dilution.
• Rank: Now approaching CoinGecko rank #200 (#203), DEEP has moved out of the ultra-nascent bracket, strengthening its visibility to larger allocators.
• Liquidity Metrics: Elevated orderbook depth and exchange listing volumes point to exchange operator and market-maker confidence—a precondition for more significant future rallies.

Volume and Liquidity

• Sustained Exchange Volume: $16M–$25M in 24-hour trading volume signals ongoing market interest and capacity to facilitate significant position-building or exits.
• Rising TVL: From $0 at launch to nearly $28M in under a year underscores substantial adoption, particularly from DeFi-native capital.
• Dominance Potential: As the default Sui liquidity layer, DeepBook is poised to benefit disproportionately from Sui protocol growth.

Catalysts & Positive Prospects

• Protocol Upgrades: v3.1 has already driven fresh adoption; anticipated roadmap features (e.g., enhanced aggregations, new fee models) could provide further momentum soon.
• Sui Ecosystem Proliferation: As new applications (DeFi, GameFi, NFTs) leverage DeepBook’s infrastructure, organic demand for the token should increase.
• Investor Support: Involvement of a16z, Lightspeed and the Sui Foundation remains a mark of confidence and a driver for potential institutional on-ramps.
• Emerging Institutional Interest: Regulatory clarity and infrastructure improvements in Singapore and other financial hubs set the stage for deeper capital market participation.

Potential Triggers

• New CEX/DEX integrations beyond Sui
• TVL milestones ($50M, $100M)
• Major governance enhancements (DAO upgrades, on-chain voting)
• Further tokenomics improvements (fee burn mechanisms, expanded utility)

Investment Strategies

Short-Term (weeks–months)

• Reversal Play: Accumulation near the $0.14–$0.15 support zone seems to offer an excellent opportunity for agile market participants, especially heading into further ecosystem announcements.
• Volatility Play: Traders able to capitalize on order flow and short-term momentum (especially approaching significant protocol updates).

Medium-Term (3–12 months)

• Catalyst Front-running: With the next major protocol update (potentially H2 2025) and broader Sui ecosystem launches, positioning ahead of key milestones could prove fruitful.
• Adoption Curve: Monetizing growth in TVL, new integrations, and ecosystem expansion.

Long-Term (1–3 years+)

• Structural Compounder: As Sui-based DeFi matures, DeepBook—by virtue of its central role—may benefit from network effects, protocol lock-in, and serial adoption among new dApps and user populations.
• Governance/Utility Play: Additional utility (e.g., staking, DAO voting) as the token matures could unlock further value.

Price Forecast Table for DeepBook Protocol (DEEP)

Is Now the Right Time to Consider DeepBook Protocol?

DeepBook Protocol’s advantageous position as Sui’s native on-chain orderbook—coupled with its robust technical foundation, strong ecosystem integration, institutional support, and accelerating adoption metrics—makes it stand out in the competitive DeFi infrastructure segment. The protocol’s growing TVL, sustained volume, and competitive market cap provide a solid structural base. Forward-looking catalysts—upcoming integrations, protocol upgrades, and the secular tailwind for DeFi infrastructure—justify renewed investor interest and position DEEP as a compelling candidate for portfolio inclusion.

With technical signals stabilizing above key support zones, a steadily increasing user base, and favorable macro conditions in the region, DeepBook Protocol could well enter a potent new growth phase. For those seeking exposure to next-generation DeFi infrastructure on Sui, the opportunities currently presented by DeepBook Protocol’s combination of undervalued price, adoption momentum, and escalating network effects seem to represent an excellent opportunity for both tactical and strategic allocation.

DeepBook Protocol remains a cryptocurrency of elevated volatility, offering substantial potential for dynamic investment—tempered by diligent risk management. Its recent price acceleration highlights its propensity for pronounced market moves, and with the macro context evolving, the coming quarters may reward the forward-thinking investor. Technical levels worth monitoring include $0.15 as immediate support and $0.343 as a major resistance threshold. The next protocol upgrade, slated for H2 2025, could serve as a decisive catalyst for DeepBook Protocol’s future trajectory.

How to buy the DeepBook Protocol?

It’s easy and secure for investors in Singapore to buy DeepBook Protocol (DEEP) online through a regulated crypto platform. You have a choice between two main methods: spot buying, which provides real ownership of the token stored in your digital wallet, and trading via crypto CFDs, where you speculate on price movements without holding the coin itself. Each approach suits different profiles and risk appetites. To help you make an informed decision, you’ll find a detailed comparison of leading platforms and their fees further down this page.

Spot Buying

Spot buying DeepBook Protocol means you directly purchase real DEEP coins, which are then stored securely in your crypto wallet. This method is popular for those who want true ownership and the ability to transfer, hold, or use DEEP in the DeFi ecosystem. Most platforms charge a commission per transaction, usually as a fixed rate (for example, around SGD 6 per order).

Simple Example

If the current price of DeepBook Protocol is $0.15 USD (about $0.20 SGD per coin), a purchase of SGD 1,500 gives you roughly 7,470 DEEP tokens (discounting fractional coins), after accounting for a SGD 6 transaction fee.

✔️ Gain Scenario:
If the price of DEEP rises by 10%, your portfolio value grows to SGD 1,650. That’s a gross profit of SGD 150 — a return of +10% on your initial investment.

Trading via CFD

Trading DeepBook Protocol via CFDs (“Contracts for Difference”) lets you speculate on the coin’s price without owning the actual tokens. You open a leveraged position (e.g., using 5x leverage), so your exposure is much higher than your deposited amount. Platforms typically charge a spread fee (the difference between buy/sell quotes) and, if you hold positions overnight, a daily financing cost.

Example

With SGD 1,500 and 5x leverage, your exposure becomes SGD 7,500 on DeepBook Protocol. If the token advances by 8%, your leveraged position gains 8% × 5 = 40%. This results in a gross profit of SGD 600 on your SGD 1,500 deposit (excluding fees and costs for overnight holding).

Final Advice

Before investing, it’s crucial to compare fees, commissions, and trading conditions across different platforms, as these can significantly impact your returns. The right method—spot buying or CFD trading—depends on your personal objectives, risk tolerance, and level of experience. For transparent fee comparisons and platform ratings, consult our dedicated comparison tool further down this page.

Our 7 tips for buying the DeepBook Protocol

The latest news from the DeepBook Protocol

DeepBook Protocol (DEEP) reported substantial growth in protocol adoption and TVL, exceeding $27.9M locked as of June 2025. This level represents a notable inflow of trust and usage from the DeFi ecosystem, especially on the Sui network, and marks a new high for the project since its inception. For Singapore-based analysts, this signals growing developer and investor interest in Singapore’s burgeoning DeFi and Web3 infrastructure, where Sui has maintained a distinct presence and where regulatory openness to such projects has fueled regional participation.

Recent protocol upgrades, especially the v3.1 update in April 2025, have significantly enhanced DeepBook's technical performance and user value proposition. The upgrade brought improvements to transaction speed, reduced latency, and lower end-user fees—critical factors in appealing to high-frequency DeFi participants and institutional liquidity providers. The Sui blockchain’s architecture, popular among developers in Singapore, enables DeepBook’s parallel execution and on-chain order book model, driving positive sentiment and adoption, notably among local exchanges and DeFi aggregators piloting next-generation cross-chain solutions.

DeepBook Protocol benefits from backing by top-tier venture capital (a16z, Lightspeed) and the Sui Foundation, boosting institutional trust and ecosystem alignment. This level of strategic support is increasingly relevant for Southeast Asian institutional participants, notably in Singapore, as it reflects a commitment to scaling and long-term resource allocation uncommon for nascent DeFi projects. Local market participants view these alignments as lowering counterparty and development risk, providing a constructive signal amid Singapore’s competitive digital asset landscape.

Despite short-term price volatility, DeepBook’s strong ecosystem integration—especially with leading Sui DEXs and aggregators—reinforces its use case and resilience. Recent data confirm that DeepBook’s core technology underpins a growing share of DeFi activity on Sui, with over 61% of original token allocation aimed at ecosystem growth. This targeted distribution is designed to encourage developer and user incentives in markets like Singapore, where both retail and institutional participants actively evaluate new on-chain infrastructure and liquidity services.

Regulatory conditions in Singapore remain favorable for DeepBook protocol activity and trading, with ongoing recognition of digital assets as legitimate investment vehicles. The Monetary Authority of Singapore (MAS) continues to treat tokens like DEEP as digital payment tokens, with clear tax guidelines for individuals and entities. No new regulatory headwinds or enforcement actions have been noted in the past week, ensuring continuity and predictability—key for professional market actors assessing exposure and onboarding to local trading platforms.

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.