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8 May 2026, 06:00

DeepBook Predict Testnet Launch: A Powerful Leap for On-Chain Prediction Markets

BitcoinWorld DeepBook Predict Testnet Launch: A Powerful Leap for On-Chain Prediction Markets DeepBook Protocol (DEEP) has officially launched its on-chain prediction market infrastructure, named ‘Predict,’ on the testnet of the Sui (SUI) layer-1 blockchain. This marks a significant step for decentralized finance (DeFi) options trading. DeepBook Predict: A New On-Chain Prediction Market DeepBook Predict is an options primitive that integrates with DeepBook’s existing spot and margin features. This combination supports the creation of binary markets, call and put options, leveraged products, and structured products. The infrastructure aims to bring institutional-grade capabilities to on-chain trading. The protocol has implemented a sophisticated options pricing model on-chain. This model comes from an options oracle developed in collaboration with Block Scholes. This partnership ensures that the pricing mechanism is both robust and accurate for traders. Predict also integrates with DeepBook’s margin function. This integration enables users to open leveraged positions directly within the platform. Transaction finality on the Sui network occurs in under 400 milliseconds, offering a fast trading experience. Current State of On-Chain Options TVL The on-chain options market currently holds a total value locked (TVL) of around $100 million. DeepBook notes that this figure is still in an early stage of development. The protocol believes that Predict will accelerate the expansion of DeFi options infrastructure. This launch comes at a time when DeFi protocols seek to bridge the gap between traditional finance and blockchain-based trading. Options markets are a cornerstone of traditional finance, providing hedging and speculative opportunities. Bringing these tools on-chain requires robust infrastructure and accurate pricing models. Key Features of DeepBook Predict Binary Markets: Users can create markets with two possible outcomes, similar to prediction markets. Call and Put Options: Standard options contracts are available for trading. Leveraged Products: The margin integration allows for leveraged trading positions. Structured Products: Complex financial instruments can be created and traded on-chain. Fast Finality: Transactions settle in under 400 milliseconds on the Sui network. Implications for the Sui Ecosystem The launch of DeepBook Predict strengthens the Sui blockchain’s DeFi ecosystem. Sui is known for its high throughput and low latency, which are essential for options trading. This infrastructure could attract more sophisticated traders and liquidity providers to the network. DeepBook’s approach combines spot trading, margin trading, and options in one platform. This unified interface simplifies the user experience. Traders can manage multiple strategies without switching between different protocols. The collaboration with Block Scholes adds credibility to the pricing model. Block Scholes is a well-known analytics firm in the crypto derivatives space. Their involvement suggests a focus on accuracy and institutional standards. Comparison with Traditional Finance Options Traditional options markets rely on centralized exchanges and clearinghouses. On-chain options offer transparency and self-custody. However, they also face challenges like liquidity fragmentation and smart contract risk. DeepBook Predict aims to address these challenges through its integrated design. By combining spot, margin, and options, it creates a more cohesive trading environment. The fast transaction finality on Sui also helps replicate the speed of traditional markets. The $100 million TVL in on-chain options is small compared to traditional markets. For context, the notional value of options traded on the Chicago Board Options Exchange (CBOE) often exceeds billions of dollars daily. This gap highlights the growth potential for DeFi options. Technical Architecture of DeepBook Predict The platform uses an options oracle to determine fair prices for contracts. This oracle aggregates data from multiple sources to prevent manipulation. The pricing model is based on established financial mathematics, including the Black-Scholes model adapted for blockchain. Margin integration allows users to borrow funds to increase their position size. This feature requires careful risk management to prevent liquidations. DeepBook uses automated mechanisms to maintain collateralization ratios. The Sui network’s parallel execution engine enables high throughput. This design allows DeepBook Predict to handle many transactions simultaneously without congestion. This is a critical advantage for time-sensitive options trading. Expert Insights on DeFi Options Growth Industry observers see on-chain options as the next frontier for DeFi. The current $100 million TVL represents a small fraction of the total crypto derivatives market. As infrastructure improves, more capital is expected to flow into on-chain options. DeepBook’s focus on institutional-grade features may attract professional traders. These traders often require reliable pricing, fast execution, and robust risk management. The collaboration with Block Scholes addresses the pricing requirement directly. The testnet launch allows developers and users to test the platform before mainnet deployment. This phase helps identify bugs and optimize performance. It also builds community trust in the system’s reliability. Conclusion DeepBook Predict represents a significant advancement for on-chain prediction markets and DeFi options infrastructure. By launching on the Sui testnet, the protocol demonstrates a commitment to innovation and scalability. The integration of institutional-grade pricing, margin trading, and fast finality positions DeepBook as a key player in the growing DeFi options space. As the market matures, such infrastructure will be essential for attracting both retail and institutional participants to on-chain derivatives trading. FAQs Q1: What is DeepBook Predict? DeepBook Predict is an on-chain options and prediction market infrastructure built on the Sui blockchain. It allows users to create and trade binary markets, call and put options, leveraged products, and structured products. Q2: How does DeepBook Predict ensure accurate pricing? The protocol uses an options oracle developed in collaboration with Block Scholes. This oracle implements an institutional-grade options pricing model directly on the blockchain. Q3: Can users trade with leverage on DeepBook Predict? Yes, Predict integrates with DeepBook’s margin function, enabling users to open leveraged positions. This feature requires proper collateral management to avoid liquidation. Q4: What is the transaction speed on the Sui network for this platform? Transactions on DeepBook Predict achieve finality in under 400 milliseconds, thanks to the Sui blockchain’s high-performance architecture. Q5: What is the current total value locked (TVL) in on-chain options markets? According to DeepBook, the on-chain options market TVL is approximately $100 million, which they consider an early stage with significant growth potential. This post DeepBook Predict Testnet Launch: A Powerful Leap for On-Chain Prediction Markets first appeared on BitcoinWorld .

4 May 2026, 01:58

Pi Network's CiDi Games unveils blockchain gaming roadmap days before Consensus 2026

CiDi Games published a roadmap on May 3 for building a gaming layer on Pi Network. It covers a developer SDK, a browser-based gaming hub, and tools for outside studios to integrate Pi payments into their own games. Pi co-founders Chengdiao Fan and Nicolas Kokkalis speak at Consensus 2026 in Miami two days later. The conference runs May 5 to 7. The roadmap was almost certainly timed to land before they took the stage. CiDi began Q1 2026 trials without releasing data CiDi started trial operations in Q1 2026 but has not released player counts, engagement numbers, or transaction volume. The SDK is designed to handle wallet connections, payments, and on-chain features so games can plug into Pi’s login and wallet system. Everything runs in HTML5, so games load in a browser without downloads. As Cryptopolitan reported in November 2025, the original Pi Network and CiDi Games partnership was built around an H5 browser platform for casual games. The May 3 roadmap extends that to outside developers as well. Pi Network Ventures, the $100 million fund backing CiDi, made the studio one of its earliest investments. Pi’s accessibility bet against Immutable, Ronin, and Sui CiDi enters a competitive field. Immutable runs gas-free NFT transactions on Ethereum Layer 2. Sky Mavis operates Ronin, a gaming-focused blockchain with its own wallet and marketplace. Sui Foundation promotes high-speed performance and flexible asset design. Pi’s pitch differs on two fronts. Accessibility through browser-based games removes the need for downloads or high-end devices. The user base came in through mobile mining and social features rather than traditional gaming. Still, competing platforms publish daily active users and transaction volumes. Pi has not released similar data. Roadmap drops 48 hours before Consensus 2026 The Consensus timing is one part of the picture. The other comes 12 days later. Pi Network has set May 15 as the mandatory deadline for all mainnet nodes to complete the Protocol 23 upgrade, which unlocks native smart contract support for the first time since the open mainnet launched in February 2025. Non-compliant nodes lose validation rights. Layered on top: approximately 184.5 million PI tokens are scheduled to unlock in May. Three milestones stack into the same 14-day window. The May 3 roadmap, the May 5-7 Consensus debut, and the May 15 Protocol 23 deadline. The unlock runs through all three. The roadmap gives direction. Details on monetization, scalability, and third-party developer terms remain missing. Without trial data, the project is still in an early stage. The combination of mobile access, instant-play games, and integrated payments could give Pi a real differentiator in blockchain gaming, if it can turn its user base into active players and convince outside developers to build. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

1 May 2026, 19:34

SUI Technical Analysis May 1, 2026: Support and Resistance Levels

SUI is balancing at $0.92 above the primary support at $0.9214; a downside breakout targets $0.8991, while upside will test the $0.9328 resistance. Main resistance at $0.9908, BTC 77k supports are ...

1 May 2026, 02:29

SUI: Layer-1 for Web3 Consumer Applications

The Sui network is transforming Web3 consumer applications with its object-based architecture. It stands out with parallel transaction execution, low latency, and ecosystem expansion. TVL fell to 6...