DeepBook App Goes Live With Spot Trading and One-Minute BTC Markets

DeepBook, the shared order book that has quietly powered trading across Sui for three years, now has its own front end. DeepBook Trading Foundation launched the DeepBook App on Sui mainnet on September 24, in alpha, with two products: Spot and Predict.

Spot

Spot gives traders direct access to the central limit order book behind more than $20 billion in Sui trading volume. More than 15 apps already route orders through it, from DEXs to aggregators. Launch pairs included SUI/USDC, xBTC/USDC, DEEP/USDC and WAL/USDC, and more are planned. Orders rest onchain and match by price and time, and funds stay in the trader's custody until an order fills.

Predict

Predict is the headline. Most prediction markets offer yes-or-no questions. Predict lets traders pick a specific BTC price, or a price range, across expiries from one minute to two weeks.

It runs on a peer-to-pool options model, where a shared liquidity pool, called the PLP, takes the other side of user positions. Pricing comes from a high-frequency volatility oracle that Block Scholes built for the product, so the app can quote any strike or range on demand. Trades and settlement happen onchain. BTC is the only asset at launch, and more are planned.

Predict was first tested on Sui testnet in May 2026. Sui says more than 150,000 traders joined the waitlist before the alpha opened.

Why it matters

DeepBook has long been infrastructure most users never saw directly. A dedicated app tests whether it can attract active traders as well as routed flow. One-minute expiries look more like a fast options desk than a typical DeFi protocol, and they depend on Sui's quick settlement.

It is still an alpha, and short-dated BTC options are high-risk products. Traders should read the docs before sizing up. The app is live at app.deepbook.xyz.