DeepBook is the first liquidity platform on the Sui blockchain, designed to leverage Sui’s low cost and predictable gas fees to power large-scale transactions. It uses a central limit order book (CLOB) structure, and as transactions increase, prices stabilize to meet the needs of buyers and sellers.
Advantages of Sui Mainnet
In the first 90 days of Sui mainnet operation, the network demonstrated its ability to scale during peak hours, processing up to 5,414 transactions per second without increasing gas fees and keeping user costs constant.
Benefits for Traders
Reduced gas fees allow more traders to participate in DeepBook activities. The CLOB structure attracts participation from individuals and institutions, increases market activity, promotes a balance between supply and demand, and maintains market stability.
Central Limit Order Book Operations
DeepBook manages buy and sell requests through "asks" and "bids". Sellers can choose to set a price or sell at market price, and buyers can choose to pay a specific price or market price. Market orders are filled quickly, while limit orders have to wait for the right price.
In DeepBook, multiple sell requests will be merged to meet large buy order needs, and transactions close to the market average price will be prioritized to help maintain reasonable prices. Despite rising transaction volumes, Sui’s gas fees have remained stable, leaving users with more funds to spend on market transactions.
Role as a neutral platform
DeepBook serves as a neutral platform to promote the development of DeFi on Sui. Any DeFi project can access it and utilize its order book and liquidity pool to enable user transactions between different applications. As users increase, prices become more reasonable, while gas costs remain low.
