DeepBook Protocol (DEEP), a decentralized order book on the Sui blockchain, is demonstrating significant growth in the DeFi market in 2025. Recent events such as strategic listings have contributed to this positive trend.
Major Exchange Listings Boost Market Interest
On April 22, 2025, Binance Futures launched DEEP perpetual contracts, leading to an explosive price increase of over 100% within just 24 hours. This rally was solidified by a swift listing on the South Korean exchange Upbit, establishing DEEP as one of the fastest-rising DeFi assets.
Forecasts Indicate Steady Growth
Crypto analysts believe DEEP could reach $0.305 by October 2025, based on Elliott Wave Theory and Fibonacci retracement patterns. The price forecast for 2025 includes a minimum price of $0.045 and optimal scenarios reaching up to $0.34.
Market Strength Grows with Manageable Volatility
Observations indicate that DEEP is showing healthy market dynamics. The protocol’s market capitalization has crossed $508 million, ranking it 143rd among cryptocurrencies. In the past month, DEEP has increased by 120.6%, outpacing competitors like Cetus Protocol (+5.2%) and Walrus (+33.2%).
DeepBook Protocol is demonstrating impressive growth, backed by strategic actions and positive market forecasts, solidifying its position in the fast-evolving DeFi landscape.
