The DeepBook DEX witnessed explosive growth on Monday, driven by a sharp price rally and high trading volume. The DEEP token surged to its highest point since February, exceeding $0.2525 and surging over 400% from its month’s low, reaching a market cap of $693 million. DeFiLlama data reveals a significant increase in transactions on the DeepBook network, with a 135% rise in volume over the past seven days, totaling $130 million. The platform’s 30-day transaction volume has reached $413 million and cumulative total since launch stands at $8.7 billion. This surge is primarily attributed to the rising popularity of meme coins on the Sui (SUI) network. CoinGecko data shows a 2% increase in these coin’s market cap in the past 24 hours, with Miu, Lofi, MemeFi, and Sudeng experiencing the largest gains.