Grayscale Enters Sui Ecosystem with DEEP and Walrus Token Offerings

Major cryptocurrency fund manager Grayscale has taken a significant step into the Sui blockchain ecosystem by introducing two dedicated single-asset investment trusts focused on the network’s key protocol tokens. The financial institution now provides institutional exposure to DeepBook (DEEP) and Walrus (WAL), marking an expansion of its digital asset offerings.

Understanding the Sui Protocol Expansion

DeepBook serves as the foundational liquidity infrastructure for decentralized finance applications built on Sui, while Walrus addresses the ecosystem’s need for decentralized data management and privacy solutions with cross-chain interoperability capabilities. Together, these protocols represent critical infrastructure components supporting Sui’s broader adoption.

Current Market Positioning

As of the latest market data, DEEP demonstrates institutional-grade performance with a circulating market capitalization of $88.20 million and recent 24-hour gains of 2.61%, trading at $0.04 per token. WAL has expanded its market presence to $161.12 million in circulating market value, with corresponding 24-hour appreciation of 1.65% at $0.13 per unit. Both tokens reflect the growing institutional interest in Sui’s ecosystem development.

Investment Structure and Accessibility

Grayscale’s latest trust offerings maintain the firm’s institutional-focused strategy, restricting access to qualified investors through a subscription model. Unlike traditional exchange trading, these trusts do not facilitate secondary market transactions, emphasizing long-term holdings and professional portfolio management. This approach aligns with Grayscale’s established practice of providing alternative exposure mechanisms for accredited market participants seeking Sui ecosystem participation.

The dual-trust launch signals institutional confidence in both the technical infrastructure and market potential of Sui’s developing protocol ecosystem.