DeepBook App Is Live: Onchain Power for Serious Traders

DeepBook App launch on the order book behind $20B+ in Sui trading volume, with Spot & Predict in a single app.

Today, DeepBook Trading Foundation is launching DeepBook App, giving high-conviction traders direct access to the shared order book that has powered trading across Sui for three years. More than 15 apps already route through the book, from DEXs to aggregators to trading venues, with over $20B in volume.

“Sui was built to move money as fast as messages, and DeepBook App extends that into a fast, seamless trading experience,” said Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “DeepBook App gives traders one trusted place to access shared liquidity while keeping control of their funds. It is the foundation for a more connected trading experience on Sui.”

DeepBook App launches with two main features: Spot trading and Predict.  

Spot is trading the way you already know it. Spot gives traders direct access to Sui’s central limit order book. Bids and asks rest onchain and match by price and time. Trade SUI/USDC, xBTC/USDC, DEEP/USDC, WAL/USDC, and others, with more pairs to come. Visit the app for the latest supported markets.

Predict is a new kind of prediction market where traders can pick any price or trade a range, not just a yes-or-no outcome. Predict launches with BTC across multiple timeframes, with support for additional assets planned in future releases.

Most prediction markets begin with a predefined yes/no question, like whether BTC will close above $100,000 by December. 

Predict instead lets traders take a view on a specific price level or range across supported timeframes.  A trader could, as per the image above, take a view that the price of BTC will be between $78,705 and $78,720 in a given timeframe (from one minute to two weeks) rather than choosing from a fixed menu of outcomes. In order to streamline the process and reduce any friction in moving quickly between positions, DeepBook App enables 1-click trading. 

DeepBook Predict was built for high-conviction traders that demand this level of versatility, speed and specificity. 

Predict is powered by a peer-to-pool options primitive. A unified PLP pool takes counterparty positions against binary options and users trade against that pool. Quotes are powered by a high-frequency, low-latency volatility oracle from Block Scholes that was purpose built for this capability. Predict lets traders choose a specific price or range across supported expiries, including markets as short as one minute. 

That's possible because an oracle prices the full curve rather than individual strikes, deriving a price for any level. Unlike prediction markets with pre-made markets for each strike, Predict can price a trader-selected level or range on demand. BTC UP/DOWN is one type of market that Predict supports, but the primitive itself is designed to quote any arbitrary event. If there is an oracle, there is a quote.

Sui’s fast settlement makes markets as short as one minute viable, allowing short-duration positions to be traded and settled entirely onchain. Sui's parallel execution supports this: each market is its own shared object, so trades in one market do not affect other markets.

Trust is equally important. On DeepBook App, funds settle onchain, with no house account or withdrawal queue. The protocol is audited, runs an active bug bounty program, and the entire experience on the app is self-custodial.

"Most onchain trading products make you choose between execution quality and keeping control of your funds.” said Glenn Kennedy, CEO of DeepBook Trading Foundation. “We built this so serious traders don't have to make that trade-off. Spot and Predict are just the first two products on that roadmap."

DeepBook App is live now on Sui mainnet. Connect a wallet and trade at app.deepbook.xyz.

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