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.