I still remember using early DEXs where every single trade felt like a tax. Swap a token, lose a chunk. Provide liquidity, lose another chunk. It wasn’t just annoying, it straight up made you avoid experimenting.

Seeing good innovation in the space, imagine seeing DeepBook using its own token for trading and pool creation fees, it hit different. it’s the first time in a while I saw a token actually doing something internal that benefits users without feeling like a gimmick.

It’s not some new farming meta or hype cycle. It’s an actual on-chain order book running on Sui and the structure looks built for serious use, not just quick noise.

Still watching to see how deep this really goes, but it’s the first project in a while that got me reflecting on how far DeFi’s come.