2023-07-13
Sui Foundation launches “Deepbook”, a decentralized central limit order book (CLOB). Deepbook enables traders to set a specific bid or offer prices the same way as on centralized exchanges. While, AMM in decentralized exchanges is an instant swap.
DeepBook supports both limit and
market orders from sellers and buyers. It is an open source in Move programming
language that lets anyone publish a liquidity pool to enable trading between a
pair of assets.
Sui’s DeFi development is still in early
stage. Sui’s TVL is $13 million. Sui has a fully diluted market cap of $6.543
billion. It has a max supply of 10 billion SUI.
