TVL on @suinetwork is close to $1B. 

The Sui defi ecosystem i is taking off as more builders migrate to network and users are trading on Sui.

One of the reasons why Sui defi is so great is because of @DeepBookonSui, their central limit order book (CLOB) built on the Sui blockchain.

Designed to deliver unparalleled performance and low-latency trading, DeepBook leverages Sui's parallel execution and low transaction fees to create a highly efficient exchange on-chain.

◢ Key Features and Benefits

1️⃣ High-Throughput, Low Latency

2️⃣ Dynamic, Low Fees

3️⃣ Deep Liquidity

4️⃣ Highly Composable

5️⃣ Secure and Fully On-Chain

➜ How DeepBook Works

DeepBook's CLOB mechanism facilitates efficient order matching, allowing traders to interact with a single, unified market.

By aggregating liquidity from various sources, DeepBook creates a more efficient and competitive trading environment.

➜ $DEEP Token. I heard that the DEEP TGE is happening soon and I'm keeping an eye on this one.

$DEEP possesses a wide range of utilities including

✓ paying for trading fees

✓ stakers enjoy reduced fees

✓ staking rewards

✓ voting rights

➜ Conclusion

If you're bullish on Sui DeFi, then @deepbookonsui and $DEEP token is one to watch.