The DEEP price absolutely took the show during this market pump as it exploded over 145% this week. It’s trading around $0.20 now which is the highest level since early February.
What’s driving the pump though?
What you'll learn 👉
Binance Futures Listing Ignites DEEP Price Rally
The main catalyst behind DEEP’s impressive price surge is Binance’s April 22 announcement about launching DEEPUSDT Perpetual Contracts on Binance Futures. This new trading option lets investors trade with leverage of up to 50x, significantly expanding the trading possibilities for DEEP token holders.
This perpetual contract launch has drawn attention from both individual traders and institutional investors. The high leverage option combined with inclusion in Binance’s Futures Copy Trading program has created a perfect storm for DEEP’s price action.
The move doesn’t just improve trading liquidity – it represents a major vote of confidence from Binance in the DeepBook Protocol. As one of the largest cryptocurrency exchanges globally, Binance’s support signals strong institutional interest in this Sui blockchain-based decentralized central limit order book.
#Binance Futures will launch the USDⓈ-M $DEEP Perpetual Contract at
— Binance Futures (@BinanceFutures) April 22, 2025
🗓️April 22 2025, 08:30 (UTC)
Read more ➡️ https://t.co/Y0swAlQW9f pic.twitter.com/9XVMNEKAV9
Market observers note that such listings often trigger immediate buying pressure as traders anticipate increased adoption and visibility. The 145% price rally reflects this enthusiasm and this means the DEEP price is on levels not seen in months.
What Is DeepBook Protocol?
DeepBook Protocol runs on the Sui blockchain as a decentralized trading system. It focuses on providing fast, transparent, and secure trading for DeFi users. The DEEP token powers everything on the platform and gives holders voting rights on important decisions.
Unlike most DeFi trading platforms that use automated market makers, DeepBook uses a central limit order book that’s fully on the blockchain. This means buy and sell orders are matched and settled directly on-chain, which leads to better price accuracy and fairer trading for everyone involved.
Believe in "Deep" things
— DeepBook Protocol on Sui (@DeepBookonSui) April 22, 2025
Speed is where DeepBook really shines. Thanks to Sui blockchain’s technology, trades complete in under half a second – about 390-500 milliseconds. The fees are also extremely low, which attracts serious traders and institutional investors who need to make quick, frequent trades.
The platform pulls liquidity from many different sources. This deep pool of funds lets users make large trades without causing big price swings. Both regular traders and other DeFi protocols benefit from this stability.
DeepBook also offers developer tools that make it easy to connect with other apps like wallets, exchanges, and lending platforms. While you won’t interact with DeepBook directly through its own interface, it works behind the scenes as the liquidity foundation for many Sui blockchain applications.
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