Should You Buy DeepBook Protocol in 2025?

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At HelloSafe, our specialist has been monitoring the evolution of the DeepBook Protocol cryptocurrency for over three years. Each month, hundreds of thousands of users in the UK 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 today, DEEP is trading at £0.1203, showing a 6.86% rise over the last 24 hours and a strong 9.4% gain this week.

Its current market cap stands at £390.55M, with an estimated three-month average daily trading volume of around £16–20M.

DeepBook Protocol ranks 94th among global cryptocurrencies by market value, with 3.24 billion tokens in circulation, and currently represents about 0.19% of the entire crypto market.

While recent momentum is positive, potential investors should consider the fast-changing nature of the crypto space before making decisions.

Our full review of the DeepBook Protocol crypto

Have recent shifts in DeFi market dynamics and the robust expansion of the Sui ecosystem paved the way for a transformative phase in DeepBook Protocol (DEEP)? Drawing on an in-depth evaluation of DeepBook's three-year trajectory—combining proprietary on-chain analytics, high-frequency technical signals, cross-market trends and a nuanced competitive intelligence framework—our analysis brings together a broad spectrum of insights. So what makes DeepBook Protocol a potential strategic gateway into the next DeFi growth cycle in 2025?

Recent Performance and Market Context

Price Evolution and Momentum

Despite its relatively short public history (listed in October 2024), DeepBook Protocol has delivered notable early traction, trading at $0.1537 as of June 2025. Over the past 24 hours, DEEP has booked a +6.86% gain and has risen +9.4% over the last week, firmly outperforming many Layer 1 and DeFi peers in a period marked by both macro uncertainty and sector rotation. The post-listing price discovery phase saw DEEP surge from its all-time low of $0.01075 (Oct 2024) to an all-time high of $0.3436 (Jan 2025), since retracing in tandem with broader sector pullbacks.

Recent Positive Catalysts

• Strategic Exchange Listings: Major listings (Upbit, Binance, KuCoin) significantly broadened access and liquidity, with the Upbit announcement alone coinciding with a 131% price surge.
• Protocol Upgrades: The rollout of DeepBook v3.1 introduced enhanced fee mechanisms and liquidity incentives, supporting improved market efficiency and attracting fresh trading volumes.
• Sui Ecosystem Events: At Sui Basecamp 2025, DeepBook was spotlighted as the architectural “liquidity backbone” of Sui DeFi, underlining its foundational role in the ecosystem’s continued expansion.

Macro and Sectoral Context

• Recovery in global risk appetite, with rising institutional flows into digital yield strategies
• Favourable policy signals around DeFi innovation in regulatory jurisdictions such as the UK, Singapore and Hong Kong
• Growing demand for on-chain, non-custodial order books and composable DeFi primitives as alternatives to centralised venues

Combined, these elements have initiated a constructive re-rating of core DeFi infrastructure plays, with DeepBook standing front and centre in this narrative shift.

Technical Analysis

On-Chain and Market Structure Indicators

• Relative Strength Index (RSI): Oscillates between 34.8–84 on varying timeframes, signaling recent momentum but still leaving ample room before overextension. The mid-term RSI range suggests healthy consolidation and renewed accumulation at current levels.
• MACD: Flashing clear bullish divergence, aligned with price action consistently above key short-term and mid-term moving averages.
• Support/Resistance Levels: Robust support is established at $0.1437—the 24h low and recent local point of control. Overhead resistance aligns at $0.1548 (24h high), with breakout potential towards the previous ATH at $0.3436.
• Volume and Liquidity: Sustained $21M+ daily turnover provides critical depth, lowering slippage risk for both retail and professional flows.

The combination of high liquidity, a solid support base, and a positive oscillator configuration suggests DeepBook Protocol could well be positioned for a bullish reversal or continuation pattern. Momentum remains constructive, with technical setups indicating potential for an upward trajectory in the short to medium term.

Short/Mid-Term Structure

• Bullish Price Action: Post-correction basing and higher-lows formation since March 2025.
• Buy Volume Dominance: On-chain and exchange data show a clear influx of liquidity on price dips, characteristic of institutional accumulation phases.

Fundamental Analysis

Core Adoption and Ecosystem Development

• User Growth: 11.5M unique users underscore persistent network effect dynamics.
• Cumulative Volume: Over $8.8B USD in protocol volume reflects broad adoption as Sui’s liquidity anchor.
• Tokenomics: Deflationary pressure is present, with 16.4M DEEP burnt from trading fees—a value accrual design that stands apart from inflationary DeFi peers.
• Strategic Partnerships: Integration with key protocols (i.e., Coinbase Wallet, Sui DeFi bluechips); Binance perpetual contracts point to fast-maturing derivatives markets and global investor reach.

Valuation Metrics and Competitive Positioning

• Market Capitalisation: At $498.92M, DEEP sits below fully diluted levels, suggesting headroom for repricing as adoption deepens.
• Market Cap/FDV of 25.01% signals early-stage status and long-term upside if protocol growth materialises.
• Network Utility and Governance: Staking for protocol governance offers both direct financial incentives (fee discounts) and participatory utility, reinforcing token demand.

Differentiation and Structural Advantages

• On-Chain CLOB: DeepBook’s fully on-chain order book with CEX-like
• Ecosystem Centrality: As the default order book engine for Sui, DeepBook essentially serves as a “liquidity commons” for the entire ecosystem, making its success tightly correlated with Sui’s overall DeFi market share.
• Security and Reliability: Audit track record and high resilience (e.g., noted stability after the Cetus Protocol event) reinforce institutional trust.

Volume and Liquidity Profile

• Robust Market Depth: With average daily trading volumes of $20–25M, DEEP displays a level of liquidity outpacing the majority of newly launched DeFi tokens.
• Dominant Pairings: Listed on all major global trading venues and paired across USDT, KRW and SUI, ensuring accessible entry/exit points for investors of all profiles.
• Rising Derivative Interest: Launch of Binance perpetuals and options is a clear sign that institutional market-makers view DEEP as a credible and scalable DeFi asset.

Positive Catalysts and Forward Prospects

• Ecosystem Explosions: Growth of the Sui blockchain and DeFi application layer directly multiplies DeepBook’s transactional volume and TVL trajectory.
• Protocol Upgrades: Continuous iteration (e.g., v3.1, coming Layer integrations) supports function expansion and ARPU improvements.
• Potential Regulatory Tailwinds: Recent moves towards clearer DeFi regulatory frameworks in major jurisdictions could accelerate institutional adoption and DeFi onshoring.
• Emerging Use Cases: DeepBook’s composability poises it to capture incremental user bases (NFT trading, Sui-native RWAs, new liquidity primitives).

Investment Strategies by Horizon

Near-Term (1–3 months)

• Momentum Plays: With strong technicals and sustained volume, tactical entries on minor pullbacks appear attractive for agile traders.
• Catalyst Timing: Watching protocol upgrade deployments and Sui ecosystem launches provides windows for favourable entry and volatility-driven trades.

Medium-Term (3–12 months)

• Accumulative Approach: Scaling into positions ahead of major ecosystem integrations and new exchange listings can allow strategic cost averaging.
• Governance Rewards: Participating in staking and governance offers potential extra yield in addition to capital gains.

Long-Term (>12 months)

Secular DeFi Bet: Investors seeking broad exposure to the Sui DeFi stack—and the paradigm shift towards on-chain central order books—may find DeepBook a particularly relevant vehicle, provided ongoing ecosystem expansion.

Strategies aiming to capitalise on short-term volatility or long-term protocol growth both look justified, contingent on individual risk profiles and conviction in the underlying DeFi adoption narrative.

Ideal Positioning

• Accumulation on Weakness: Historical price behaviour demonstrates that technical retracements towards the $0.143–$0.148 support area tend to attract strong buy-side flows and renewed momentum, offering a window for optimal entry.
• Event-Driven Exposure: Building exposure ahead of major protocol upgrades or major Sui ecosystem milestones may provide asymmetric risk/reward profiles.

DeepBook Protocol Five-Year Price Forecast

Is Now the Right Time to Consider DeepBook Protocol?

The convergence of robust technical momentum, compelling fundamental tailwinds and a favourable macro backdrop paints DeepBook Protocol as one of the most attractive digital assets currently available in the rapidly evolving DeFi sector. Its high liquidity, rapid adoption curve, and wholly on-chain CLOB architecture set it apart from legacy protocols. DEEP’s structural integration within the high-growth Sui ecosystem amplifies its leverage to sector-wide DeFi expansion, while ongoing technical upgrades foster differentiation and sustained value accrual.

• Strong recent price action and increasing volume validate growing market confidence
• Large and engaged user base, paired with deflationary mechanics and high-frequency trading, create a positive feedback loop for network effects
• Major exchange listings and transparent, decentralised governance model add credibility and democratised upside potential
• Its distinct order-book-based model offers a rarity among DeFi protocols, extending CEX-like performance to the permissionless world

While risks (regulatory and competition) remain inherent to DeFi investments, DeepBook Protocol’s fundamentals, technicals and ecosystem positioning justify renewed investor attention. Current valuations, when set against its role as Sui’s foundational liquidity engine and its ongoing innovation cadence, suggest that DeepBook Protocol could well be on the cusp of a new, sustained bullish cycle within the broader digital assets landscape.

DeepBook Protocol remains a high-volatility cryptocurrency that offers substantial opportunities for dynamic investors, necessitating prudent risk management. The token’s rapid recent appreciation underscores its ability to generate powerful price moves, while the evolving macro context advises selectivity. Key technical levels to monitor include $0.143 as immediate support and $0.20 as the next psychological resistance. The forthcoming protocol upgrade, slated for Q3 2025, stands out as a potentially decisive catalyst for DeepBook Protocol’s trajectory.

How to buy the DeepBook Protocol?

Buying DeepBook Protocol (DEEP) online is straightforward and secure when you use a regulated crypto platform. Investors in the UK can choose between two main methods: buying the token outright (spot trading), giving you full ownership of DEEP in your crypto wallet, or speculating on price movements via crypto CFDs (Contracts For Difference), without owning the actual coins. Each method has its own advantages and fee structures. For a detailed comparison of trusted platforms and their costs, see the selector further down the page.

Spot Purchase

With spot trading, you purchase actual DeepBook Protocol (DEEP) tokens, which you own and can withdraw to your personal wallet. This is the most direct way to invest—ideal for those who want to hold the asset over time or participate in protocol governance. Typically, UK crypto exchanges charge a fixed transaction fee, often ranging around 0.1%–0.3% per trade, plus a small withdrawal fee if you move coins off the platform.

Example

If DEEP is trading at $0.1537 (approx. £0.12), with £1,000 you could buy about 8,000 DEEP coins (excluding small price movements and with USD/GBP at 0.78). Allowing for a £5 transaction fee, your budget gets you about £995 in tokens.

Profit scenario

If DEEP rises by 10%, your coins are now worth £1,100. That’s a gross gain of £100, or a +10% return on your initial investment (before any platform or withdrawal fees).

Trading via CFDs

CFDs (Contracts For Difference) let you speculate on DEEP’s price without holding the coin directly. You open a position tracking DEEP’s price, often with leverage, which amplifies both gains and losses. This method appeals to those seeking flexibility, advanced trading tools, or the option to go short (bet on price declines). Fees for crypto CFDs generally include the spread (difference between buy and sell price) and overnight financing costs if you hold the position beyond a day.

Example

You invest £1,000 with 5x leverage on a DEEP CFD, giving market exposure of £5,000.

Profit scenario

If DEEP’s price rises 8%, your position gains 8% × 5 = 40%—so you earn £400 profit on your £1,000 input (excluding platform fees and overnight charges).

Final Advice

Before investing in DeepBook Protocol, always compare platform fees, security measures, and trading conditions. The best approach depends on your investment goals and experience—whether you prefer the security and long-term ownership of spot trading or the flexibility (and higher risk) offered by CFDs. For a detailed comparison of the UK’s leading crypto platforms, check our comparison tool below.

Our 7 tips for buying DeepBook Protocol

The latest news from the DeepBook Protocol

DeepBook Protocol has demonstrated robust price performance, gaining 9.4% over the past 7 days with rising UK investor access. This momentum is confirmed by high liquidity and daily trading volumes exceeding $21 million on major global exchanges including Binance and Bybit, both popular and readily accessible to UK residents. The protocol's visibility and adoption are further enhanced by its strategic listing on major exchange platforms, making DEEP notably easy to acquire and trade from the UK, underscoring continued investor interest and accessibility in this jurisdiction.

Technical indicators confirm a bullish outlook for DEEP, supported by MACD and RSI signals and strong trading activity. Current analyses show the token trading above short-term moving averages, and the 14-day RSI oscillates between 34.87 and 84 depending on timeframe, reflecting healthy momentum rather than overextension. These positive signals are reinforced by bullish daily price action (+6.86%) and sustained high volume, presenting a constructive technical setup that aligns with recent upward price movement and strengthening market sentiment, factors likely to capture the attention of financial analysts in the UK market.

DeepBook Protocol’s v3.1 upgrade delivers enhanced liquidity and fee structure, solidifying its position as Sui ecosystem’s DeFi backbone. This major technical release has led to improved performance metrics, with 16.4M DEEP tokens burned from trading fees and user growth now reaching 11.5 million globally. The upgrade’s success and the protocol’s resilience—as demonstrated after it strengthened its liquidity role amid recent DeFi disruptions—underscore DeepBook’s reputation for innovation and operational soundness, important signals for UK-based institutional and professional stakeholders assessing DeFi sector stability and growth prospects.

Institutional and strategic adoption accelerates, with new integrations and growing recognition as the first fully on-chain CLOB of its kind. Key developments such as feature integration into Coinbase Wallet and the listing of DEEP perpetual contracts and futures on Binance markedly raise its institutional profile. These steps not only increase trading and holding options for UK institutions and high-net-worth individuals but also reinforce its competitive edge in low-latency trading, settlement efficiency, and on-chain transparency—attributes favoured by regulated UK financial entities and sophisticated market participants.

Regulatory positioning remains constructive for the UK, with DEEP classified as a utility token used within a decentralised protocol. While overarching crypto regulation across the UK continues to evolve, DeepBook’s structure as a governance and utility token positions it outside the remit of more restrictive securities regulation. Its decentralised governance, with stakers participating directly in protocol decisions, fosters transparency and aligns well with the UK’s progressive DeFi regulatory approach, offering a positive regulatory environment and facilitating institutional engagement with the protocol.

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.