Week Surges 4x, Is DEEP the Real Alpha in Sui Ecosystem?
TechFlow Selected TechFlow Selected
Week Surges 4x, Is DEEP the Real Alpha in Sui Ecosystem?
As attention on the Sui ecosystem grows, DEEP's price continues to rise, with many investors believing it will become the "first cryptocurrency" of the Sui ecosystem.
Navigating Web3 tides with focused insightsAuthor: @calilyliu
Translation: zhouzhou, BlockBeats
Editor's Note: This article primarily reflects the author’s strong confidence in Mysten Labs and its product DEEP, believing that its decentralized central limit order book (CLOB) has a 90% chance of success and will provide robust liquidity for SUI. As attention toward the SUI ecosystem grows, DEEP holds significant price potential and may eventually become the top cryptocurrency within the ecosystem. Current market data suggests DEEP is undervalued, making it an ideal time to invest.
Below is the original content (slightly edited for clarity and readability):
I’ve always paid close attention to Mysten Labs and everything they’re building. When I first heard about DEEP, I became deeply interested in its use case. Learning that it is a decentralized central limit order book (CLOB) built on @SuiNetwork’s technology stack, I estimate its likelihood of success at around 90%. For DEEP to function as intended, it requires extremely low transaction costs, minimal latency, exceptionally high throughput, and infinite scalability. At present, across the entire cryptocurrency ecosystem, no other blockchain can effectively support the construction of DEEP without inherent risks of failure.
This is SUI’s institutional-grade liquidity layer, backed by institutional investors and companies collaborating with Mysten Labs.
In our interactions with DeFi on the SUI ecosystem, we have already been trading against DEEP LP liquidity pools—without even realizing it (for those not tracking the source of trades). Our Perp decentralized exchange will also draw liquidity from DEEP, similar to how Bybit Official’s Perp offering routes through DEEP.
Imagine what happens when other blockchains integrate Sui Move language and leverage DEEP for stable liquidity. I can hardly grasp the full magnitude—my mind can only hold limited hope. But is this truly just hope? I don’t think so. So far, SUI has turned the impossible into reality, and DEEP will raise that bar even further.
Get ready for DEEP—potentially becoming the number one asset in the entire SUI ecosystem.
Let’s discuss DEEP’s price trajectory. Currently, interest in SuiNetwork continues to rise. We haven’t yet seen recognition from major figures and entities like IOHK Charles, aeyakovenko, Grayscale, awscloud, Cointelegraph, or Google. In January, SUI was ranked 77th; now it’s climbed to 17th or 18th—a jump of 59 to 60 positions within just 10 months. The bull market has only just begun. Considering the further growth potential of SUI, imagine what lies ahead for DEEP.
Currently, DEEP has a total supply of 10 billion tokens, with 2.5 billion in circulation. Its market cap stands at $147 million, with a 24-hour trading volume of $75 million. Within just five days, its price surged from $0.01074 to $0.05915—an increase of 337%! Only a quarter of the total supply is circulating, while daily trading volume continues to grow, demonstrating the token’s immense potential. It currently ranks 2721st on CoinMarketCap, clearly indicating it is undervalued.
If we compare DEEP to Tezos, which ranks 100th by market cap, DEEP’s price should be $0.2799. Compared to Bonk Inu, ranked 50th, DEEP’s price should reach $0.6539! And these are pre-bull-market valuations—meaning even these figures are conservative. This is not financial advice, but I firmly believe DEEP could easily reach $0.80 based purely on its anticipated utility. Once additional factors come into play, the upside potential becomes virtually limitless.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
@calilyliu
