DeepBook (DEEP) Tokenomics

DeepBook (DEEP) Tokenomics

Discover key insights into DeepBook (DEEP), including its token supply, distribution model, and real-time market data.
Page last updated: 2025-10-23 06:26:52 (UTC+8)
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DeepBook (DEEP) Tokenomics & Price Analysis

Explore key tokenomics and price data for DeepBook (DEEP), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.

Market Cap:
$ 323.35M
$ 323.35M$ 323.35M
Total Supply:
$ 10.00B
$ 10.00B$ 10.00B
Circulating Supply:
$ 4.23B
$ 4.23B$ 4.23B
FDV (Fully Diluted Valuation):
$ 764.35M
$ 764.35M$ 764.35M
All-Time High:
$ 0.344346
$ 0.344346$ 0.344346
All-Time Low:
$ 0.010748527064621403
$ 0.010748527064621403$ 0.010748527064621403
Current Price:
$ 0.076435
$ 0.076435$ 0.076435

DeepBook (DEEP) Information

DeepBook is a next-generation decentralized central limit order book (CLOB) built on Sui. DeepBook leverages Sui's parallel execution, sub-second latency, and low transaction fees to bring a highly performant, laser-fast on-chain exchange.

In-Depth Token Structure of DeepBook (DEEP)

Dive deeper into how DEEP tokens are issued, allocated, and unlocked. This section highlights key aspects of the token's economic structure: utility, incentives, and vesting.

The DeepBook Protocol, built on the Sui blockchain, introduced its native token, DEEP, with the launch of DeepBook v3 in October 2024. The tokenomics are designed to foster deep liquidity, fair participation, and sustainable incentives for both professional traders and DeFi protocols. Below is a comprehensive breakdown of the DEEP token’s economics, including issuance, allocation, usage, incentives, locking, and unlocking mechanisms.

Issuance Mechanism

  • Initial Distribution: The DEEP token was launched with a fixed supply, distributed across several key stakeholder groups.
  • No Ongoing Inflation: There is no indication of continuous inflationary issuance; the supply is distributed according to the initial allocation and vesting schedules.
  • Airdrop and Rewards: At launch, 10% of the total supply was distributed via an airdrop to the community, including 101,968 DBClaimNFT holders and participants in the v3 testing phase.
  • Future Grants and Programs: The majority of tokens are reserved for future grants, community programs, and ecosystem initiatives, ensuring long-term alignment and growth.

Allocation Mechanism

The DEEP token allocation is structured to prioritize community and ecosystem development:

Allocation CategoryPercentage of Total SupplyDescription
Community Airdrop10%Initial airdrop to community and early testers
Core Contributors & Early Backers~28%Team, developers, and early supporters
Future Grants & Community Programs~62%Reserved for ongoing ecosystem, grants, and community initiatives
  • Community Focus: Over two-thirds of the supply is allocated to the broader community, either directly or through future programs.
  • Team and Backers: A significant but minority share is reserved for those who contributed to the protocol’s development and early growth.

Usage and Incentive Mechanism

The DEEP token is integral to DeepBook’s market structure and incentive design:

  • Trading Fees: DEEP is used to pay trading fees on the DeepBook exchange. Staking DEEP can reduce taker fees by up to 50%, with minimums as low as 0.25 bps for stable pairs and 2.5 bps for volatile pairs.
  • Staking for Incentives: Both takers and makers can stake DEEP to unlock fee discounts and earn rebates. Only staked makers are eligible for incentive rebates.
  • Maker Incentives: Incentives for liquidity providers (makers) are countercyclical—higher when total liquidity is low, and lower as more liquidity is provided. This design encourages liquidity provision during periods of low activity and discourages wash trading.
  • Fee Rebates and Burns: At the end of each epoch, a portion of trading fees is rebated to eligible makers, while residual fees are burned to maintain economic security and prevent abuse.

Locking Mechanism

  • Staking Requirement: To access fee discounts and maker incentives, users must stake a predetermined minimum amount of DEEP tokens in the relevant pool before the epoch begins.
  • Epoch-Based Locking: Stakes are locked for the duration of an epoch. After the epoch, users can choose to roll over their stake or withdraw.
  • Governance Safeguards: Governance rights increase sub-linearly with stake (square root function), preventing large holders from dominating decision-making and mitigating Sybil attacks.

Unlocking Time

  • Epoch-End Unlocks: Staked DEEP tokens can be withdrawn at the end of each epoch, providing flexibility for participants while ensuring commitment during the epoch.
  • No Long-Term Vesting for Stakers: There is no indication of multi-year vesting for staked tokens; the primary lock-up is epoch-based for incentive eligibility.
  • Initial Allocation Vesting: While the airdrop is immediate, allocations to core contributors and early backers are typically subject to vesting schedules (details not explicitly disclosed in the available documentation).

Summary Table

MechanismDetails
IssuanceFixed supply, initial airdrop, no ongoing inflation
Allocation10% airdrop, ~28% core contributors/backers, ~62% future grants/community
UsageTrading fee payments, staking for fee discounts and maker/taker incentives
IncentivesCountercyclical maker incentives, fee rebates, staking required for eligibility
LockingEpoch-based staking lock, required for incentives and fee discounts
UnlockingAt epoch end for stakers; vesting for team/backers (specifics not fully disclosed)

Additional Notes

  • Anti-Abuse Measures: The protocol includes mechanisms to prevent wash trading and governance capture, such as burning residual fees and limiting governance power concentration.
  • Governance: While the protocol is open to community proposals via the Sui Improvement Proposals (SIP) process, there is currently no active on-chain governance for DEEP holders.

References for Further Reading

  • DeepBook Whitepaper (PDF)
  • DeepBook v3 Documentation
  • Official DeepBook Website
  • DEEP Token Governance Blog

Implications and Analysis

The DeepBook Protocol’s tokenomics are designed to balance immediate community engagement with long-term ecosystem growth. The countercyclical incentive structure, significant community allocation, and robust anti-abuse mechanisms position DEEP as a utility and incentive token at the heart of Sui’s DeFi infrastructure. The epoch-based locking and flexible unlocking provide both security and usability, while the allocation model ensures that the majority of value accrues to the ecosystem over time. However, the lack of detailed public vesting schedules for team and backer allocations is a transparency limitation that prospective participants should monitor as the protocol matures.

DeepBook (DEEP) Tokenomics: Key Metrics Explained and Use Cases

Understanding the tokenomics of DeepBook (DEEP) is essential for analyzing its long-term value, sustainability, and potential.

Key Metrics and How They Are Calculated:

Total Supply:

The maximum number of DEEP tokens that have been or will ever be created.

Circulating Supply:

The number of tokens currently available on the market and in public hands.

Max Supply:

The hard cap on how many DEEP tokens can exist in total.

FDV (Fully Diluted Valuation):

Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.

Inflation Rate:

Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.

Why Do These Metrics Matter for Traders?

High circulating supply = greater liquidity.

Limited max supply + low inflation = potential for long-term price appreciation.

Transparent token distribution = better trust in the project and lower risk of centralized control.

High FDV with low current market cap = possible overvaluation signals.

Now that you understand DEEP's tokenomics, explore DEEP token's live price!

How to Buy DEEP

Interested in adding DeepBook (DEEP) to your portfolio? MEXC supports various methods to buy DEEP, including credit cards, bank transfers, and peer-to-peer trading. Whether you're a beginner or pro, MEXC makes crypto buying easy and secure.

DeepBook (DEEP) Price History

Analyzing the price history of DEEP helps users understand past market movements, key support/resistance levels, and volatility patterns. Whether you are tracking all-time highs or identifying trends, historical data is a crucial part of price prediction and technical analysis.

DEEP Price Prediction

Want to know where DEEP might be heading? Our DEEP price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.

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Disclaimer

Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.

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