{"id":51183,"date":"2025-04-23T17:06:52","date_gmt":"2025-04-23T17:06:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/deepbook-price-explodes-75-amid-sui-surge\/"},"modified":"2025-04-23T17:06:52","modified_gmt":"2025-04-23T17:06:52","slug":"deepbook-price-explodes-75-amid-sui-surge","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/deepbook-price-explodes-75-amid-sui-surge\/","title":{"rendered":"Deepbook price explodes 75% amid Sui surge"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679405711055-f1435be8-6e0f-4508-afe9-84d8ffb3cd93-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679405711055-f1435be8-6e0f-4508-afe9-84d8ffb3cd93-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679405711055-f1435be8-6e0f-4508-afe9-84d8ffb3cd93-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679405711055-f1435be8-6e0f-4508-afe9-84d8ffb3cd93-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Deepbook\u2019s price has spiked 75% in the last 24 hours to lead top gainers across top cryptocurrencies.<\/li>\n<li>The technical outlook suggests bullish momentum after a breakout above $0.21.<\/li>\n<li>Growth in the Sui ecosystem as well as broader market sentiment may help DEEP price higher.<\/li>\n<\/ul>\n<p>DEEP, the native token of DeepBook on Sui, has skyrocketed by 75% in the past 24 hours, riding the wave of a <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-gains-12-mirrors-gold-as-trade-war-recession-fears-mount\/\">broader surge in Bitcoin<\/a> and the Sui ecosystem.<\/p>\n<p>As of this writing, the token is trading near $0.22, having hit a high of $0.23 after breaking through the key $0.21 resistance level. This explosive price action underscores growing investor confidence in DeepBook\u2019s role as a foundational liquidity layer for Sui\u2019s burgeoning DeFi ecosystem.<\/p>\n<h2>Why DeepBook\u2019s price is soaring<\/h2>\n<p>Several factors are fueling the remarkable rally in DEEP.<\/p>\n<p>First, DeepBook is solidifying its position as the backbone of Sui\u2019s DeFi stack, providing a high-throughput, low-latency central limit order book (CLOB) for on-chain trading.<\/p>\n<p>The recent v3.1 upgrade, <a href=\"https:\/\/x.com\/DeepBookonSui\/status\/1912577645608313213\" target=\"_blank\" rel=\"noopener\">announced<\/a> on April 16, introduced permissionless pools, lower fees, and enhanced balance management, making the platform more accessible and cost-efficient for builders and traders alike. These upgrades have catalyzed increased user activity and trading volume on DeepBook.<\/p>\n<p>Second, the overall growth of the Sui ecosystem is driving value accrual to DEEP. Sui\u2019s total value locked (TVL) recently surpassed $2 billion, doubling from $1 billion in just three months, according to a January 2025 report.<\/p>\n<p>As more liquidity flows into Sui, DeepBook captures a larger share of trading fees and governance influence, boosting the utility and demand for DEEP$DEEP.<\/p>\n<p>Furthermore, integrations with prominent DeFi protocols like Cetus and Aftermath have funneled significant trading volume through DeepBook, further amplifying its impact.<\/p>\n<h2>DeepBook price outlook: What\u2019s next?<\/h2>\n<p>As investors eye another layer 1 winner as did Solana, many are looking at the Sui ecosystem.<\/p>\n<p>This shows through most metrics such as TVL, monthly decentralised exchange (DEX) volume and decentralised finance (DeFi) growth.<\/p>\n<p>DEEP is emerging as a major attraction in this ecosystem. Its tier 1 exchange listings add to the buzz.<\/p>\n<figure id=\"attachment_297689\" aria-describedby=\"caption-attachment-297689\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-297689\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/04\/DEEP_1D_graph_coinmarketcap.png\" alt=\"\" width=\"1200\" height=\"800\"\/><figcaption id=\"caption-attachment-297689\" class=\"wp-caption-text\"><a href=\"https:\/\/coinmarketcap.com\/currencies\/deepbook-protocol\/\" target=\"_blank\" rel=\"noopener\">Deepbook price<\/a> on CoinMarketCap<\/figcaption><\/figure>\n<p>Looking ahead, the outlook for DEEP remains bullish, supported by both fundamental and technical factors.<\/p>\n<p>The token\u2019s ability to hold above key leveld signal strong buyer conviction. Meanwhile, the broader growth of Sui\u2019s DeFi ecosystem provides a solid foundation for sustained momentum.<\/p>\n<p>From a technical perspective, Deepbook price has managed a decisive reversal from its prior downtrend. With renewed buying interest signaling a shift in market structure, the breakout above $0.2 could provide the base bulls needed to go higher.<\/p>\n<p>If DEEP can maintain its current trajectory, it could test the next resistance near $0.25 in the short term. However, traders should watch for potential volatility, as overbought conditions may lead to a temporary consolidation.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/deepbook-gains-75-in-sui-led-rally-whats-fueling-the-surge\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Deepbook\u2019s price has spiked 75% in the last 24 hours to lead top gainers across top cryptocurrencies. The technical outlook suggests bullish momentum after a breakout above $0.21. Growth in the Sui ecosystem as well as broader market sentiment may help [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":51184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51183"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51183"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51184"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}