Recently, the Sui ecosystem has been quite lively, especially the @DeepBookonSui project, which has introduced new ways to utilize liquidity across the chain. Today, I want to talk about DeepBook's margin trading, which feels like one of the biggest upgrades worth watching in Sui DeFi this year. The official road‑map hints that future points (rumored Q1) can be exchanged for $DEEP!
First, a brief background. DeepBook is a shared order book created by Mysten Labs (the official Sui team), essentially the “invisible engine” for spot trading on Sui. So far, it has processed over $17 billion worth of volume for the ecosystem, and essentially all Sui DeFi projects rely on it for liquidity. Low slippage, cheap fees, on‑chain transparency – these advantages are well known.
Previously, it was mainly a spot‑trading tool; although liquidity was deep, most of the capital sat idle in pools, earning only passive returns. Now things have changed – DeepBook Margin is live! This upgrade turns DeepBook from a “pure trading venue” into a network‑level financial infrastructure. In simple terms, it makes lending, leverage, and liquidation native #Sui capabilities, so individual projects no longer need to build these systems from scratch.
In plain language: you can now trade leveraged positions directly on Sui, and it’s non‑custodial, fully on‑chain, and ultra‑efficient. You keep control of your assets, borrowing, leveraging, and placing orders through DeepBook’s shared order book with minimal slippage and low costs. Compared with centralized exchanges, fees and borrowing interest are significantly cheaper. Crucially, it’s not an isolated DEX feature but a shared layer for the whole ecosystem: liquidity providers (LPs) can earn passive income from the spot pool and also earn active returns when others borrow their assets for leverage; developers wanting to build leveraged DEXs, perpetuals, or structured products can simply integrate DeepBook’s SDK without building risk‑control engines or bootstrapping liquidity; ordinary traders get deeper liquidity, more stable execution, and can earn double rewards by providing liquidity.
When it launched recently, several partners already integrated it, such as DeepTrade, Abyss Protocol, Turbos, and Cetus. Users can go to their interfaces to trade margin. Official data shows total volume has reached $172 billion, with over $20 million in the last 24 hours, indicating strong activity.
There’s also a super attractive point: the DeepBook points program! As long as you trade, hold positions, provide liquidity with margin‑supporting apps, or stay active in the ecosystem, the system automatically awards you points. Points are real monetary rewards; the first season started on January 22, 2026, and the more you play, the more points you earn. The team said the points will be …