Grayscale Launches Investment Trusts for DeepBook and Walrus Tokens - Crypto Economy

TL;DR

• Grayscale has launched two investment trusts that will hold only DEEP and WAL tokens, linked to protocols on the Sui blockchain.
• DeepBook is a centralized order book serving as a liquidity layer for DeFi, while Walrus is a scalable, privacy-focused data layer compatible with multiple blockchains.
• DEEP trades at $0.15 with a $372 million market cap, and WAL at $0.40 with a $559 million market cap.

Grayscale announced the creation of two new trusts focused on the DEEP and WAL tokens, which belong to the DeepBook and Walrus protocols within the Sui blockchain.

Each investment vehicle is designed to hold only one of these assets, giving accredited individual and institutional investors direct access to their performance through daily private placement subscriptions. Grayscale cautioned that there is no guarantee these products will be approved for secondary market trading, following the same model as its other single-asset offerings.


Sui is a Layer 1 network developed by Mysten Labs that prioritizes processing speed, low fees, and efficiency in smart contracts. It uses the Move programming language and parallel transaction execution to handle large volumes of operations with lower congestion and higher security. Grayscale already had a trust tied to the SUI token, which is now joined by these new options aimed at key infrastructure in the network.

DeepBook

DeepBook operates as a centralized order book on Sui and serves as a liquidity layer for DeFi applications. Its design aims to reduce latency and improve price execution, making it easier to develop platforms that require fast, scalable, and permissionless trading. Its features are intended to meet institutional-grade standards, making it a critical component for financial activity on the network.


Walrus Protocol

Walrus functions as a data layer that can store and share information directly onchain, with a strong focus on scalability and privacy. It is designed for applications such as social platforms, gaming, or collaborative tools, and can handle data from any blockchain while maintaining the same performance and security. While integrated into Sui, its architecture makes it compatible with diverse environments.


Grayscale Warns of Token Volatility

Current prices put DEEP at $0.15 with a $372 million market cap, and WAL at $0.40 with a $559 million market cap. Grayscale stressed that despite their potential, these are recent projects that carry risks of high volatility and possible technical issues