DeepBook Protocol (DEEP), a dApp in the Layer 1 blockchain Sui (SUI) ecosystem, announced the launch of 'DeepBook Predict', an on-chain options and prediction market infrastructure, on its testnet. Predict is an option primitive that can be combined with DeepBook's spot and margin functions, supporting the creation of binary markets, call options, put options, leveraged products, and structured products. DeepBook explained, "Through an option oracle developed in collaboration with Block Scholes, we have implemented an institutional-grade option pricing model in an on-chain environment." DeepBook added that Predict is linked with the margin function, allowing for the utilization of position leverage, and supports transaction execution speeds of less than 400ms based on the Sui network. DeepBook stated, "The TVL of the on-chain options market is currently around $100 million, which is still in its early stages," adding, "Predict will accelerate the expansion of DeFi options infrastructure."