DeepBook V3

DeepBook V3 receives a B risk grade (23/100) from Hindenrank, where lower scores indicate lower risk. Low-moderate risk — native Sui infrastructure with excellent documentation, but MEV risks and Sui network dependency are real considerations. DeepBook V3 is the native on-chain central limit orderbook (CLOB) for Sui, enabling limit and market orders with institutional-grade performance. The DEEP token provides governance and fee discounts for stakers. With ~$15M TVL and deep Sui integration, it serves as core trading infrastructure for the network.

The key risks identified for DeepBook V3 are: (1) On-chain orderbooks can be exploited by fast traders who pick off slower participants' orders during volatile markets (2) Entirely dependent on Sui network — congestion or outage directly impacts trading (3) DEEP token has a long unlock schedule — large unlocks could impact token price

DeepBook V3 scores 23/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 3/20, Oracle Surface: 0/10, Documentation Gaps: 0/10, Track Record: 6/15, Scale Exposure: 3/10, Regulatory Risk: 4/10, Vitality Risk: 4/10. The highest risk area is Track Record at 6/15.

Among 111 rated DEX protocols on Hindenrank, DeepBook V3 ranks #9 by safety (lowest risk score = safest). Its 23/100 risk score and B grade place it among the safer DEX protocols.

DeepBook V3 scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.