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OpenBook Market ID Creator

Create OpenBook Market ID

Create a new market ID for OpenBook DEX on Solana. Connect your wallet, configure your market parameters, and create your market ID in minutes.

Please connect your wallet to create a market ID

Mints

Configure the mints for the tokens you want to create a market for.

Step 1 of 3

Default: SOL (So11111111111111111111111111111112)

Market Parameters

Set the minimum order size and price increments for your market.

Step 2 of 3

This sets the smallest tradable amount of your token.

1e-6
Smaller valuesLarger values

Current setting: Small (0.000001)

For most tokens, a value between 0.001 (1e-3) and 0.000001 (1e-6) works well. Lower values allow for smaller trades but may increase network load.

This sets the smallest price change possible when trading.

1e-6
Smaller incrementsLarger increments

Current setting: Small (0.000001)

For most markets, a value between 0.01 (1e-2) and 0.000001 (1e-6) is recommended. Smaller ticks allow for more precise pricing but can lead to more network congestion.

Recommended Settings

The current settings are suitable for most tokens. If you're unsure, keep the default values.

Advanced Options

These settings determine the capacity and performance of your market.

Step 3 of 3

Advanced Settings Notice

The default values below are optimized for most markets. Changing these values is not recommended unless you have specific requirements.

262,108 bytes
5,084 bytes
65,500 bytes

Total Cost

(Platform fee 0.05 SOL included)

0.2 SOL

Risk Agreement

Please connect your wallet to create a market ID

Frequently Asked Questions

Get answers to the most common questions about creating OpenBook Market IDs on Solana.

Complete Guide to Creating OpenBook Market IDs

The Solana blockchain has revolutionized decentralized finance with its high-speed, low-cost transactions. Among the many DeFi applications built on Solana, OpenBook stands out as a leading decentralized exchange (DEX) that enables users to trade tokens in a non-custodial manner. Creating an OpenBook Market ID is a fundamental step for token projects looking to establish liquidity and trading pairs on Solana's ecosystem.

What is OpenBook and Why Create a Market ID?

OpenBook (formerly known as Serum) is an on-chain central limit order book (CLOB) protocol on Solana. It provides the infrastructure for decentralized exchanges, allowing for order matching, trade execution, and settlement directly on the blockchain. An OpenBook Market ID serves as the foundation for trading pairs, enabling users to buy and sell tokens against each other.

Creating an OpenBook Market ID is essential for:

  • Token projects seeking to establish trading pairs for their tokens
  • Decentralized applications (dApps) that require on-chain trading functionality
  • Market makers looking to provide liquidity for new or existing tokens
  • Integration with other DeFi protocols like Raydium that leverage OpenBook's infrastructure

Understanding OpenBook Market ID Parameters

When creating an OpenBook Market ID, several parameters must be configured:

Base and Quote Mints

The base mint refers to the token you want to list, while the quote mint is the token used for pricing. Common quote tokens include SOL (Solana's native token) and USDC (a stablecoin). For example, in a SOL/USDC market, SOL is the base token and USDC is the quote token.

Tick Sizes

Tick sizes determine the granularity of trading:

  • Min. Order Size: The smallest amount of the base token that can be traded
  • Price Tick: The smallest price increment allowed for orders