Peyk-i Şevket (meaning "Satellite of God's greatness" in Ottoman Turkish) was constructed by the Germaniawerft shipyard in Germany between 1906 and 1907 for the Ottoman Navy. She was the first of her class, which also included another vessel called Berk-i Satvet. After completion, she was delivered to the Ottoman Navy in November 1907 and underwent sea trials before being officially put into service.

Under the command of Rauf Bey from 1908 to 1911, Peyk-i Şevket took part in various naval exercises, including the first fleet maneuver by the Ottoman Navy in twenty years. When the Italo-Turkish War broke out in September 1911, Peyk-i Şevket was sailing in the Red Sea. On 2 October, she encountered Italian ships near Al Hudaydah, which forced her to seek refuge in a port. The Italian vessels then bombarded the port's dock facilities before leaving. Peyk-i Şevket was later confined to British-controlled Suez for the duration of the war. In March 1913, during the First Balkan War, the ship was sent to the Black Sea to support the Çatalca garrison against Bulgarian attacks.

During the First World War, Peyk-i Şevket played a significant role, especially in the Gallipoli campaign. On 3 August 1914, instead of undergoing planned overhaul in Istanbul, she was loaded with ammunition, fuel, and stores due to escalating tensions caused by the war in Europe. In November of that year, she joined patrols off the Bosphorus with the battlecruiser Yavuz.

Throughout the war, Peyk-i Şevket was involved in escort duties and patrols, frequently encountering enemy submarines. On 22 June 1915, she narrowly avoided being torpedoed by the British submarine E12 in the Sea of Marmara while transporting ammunition to the Ottoman garrison at Çanakkale. About two months later, on 6 August, another British submarine, E11, successfully torpedoed the vessel, causing significant damage. After undergoing repairs, Peyk-i Şevket returned to service by 1917 and continued to serve various roles until the end of the war, including escorting troopships between Istanbul and the Caucasus front. She was decommissioned on 30 October 1918 and laid up in Istanbul following the signing of the Armistice of Mudros.

In 1923, after the Turkish War of Independence and the establishment of the Republic of Turkey, the ship was renamed Peyk. Over the years, she underwent modernization, including significant upgrades to her armament and structure. Despite these improvements, she was decommissioned in 1944 and subsequently broken up for scrap between 1953 and 1954 at the Gölcük shipyard.