Create OpenBook Market

OpenBook is a decentralized exchange (DEX) on Solana, where tokens can be traded directly without the need for intermediaries. By creating a market on OpenBook, you allow your token to be publicly traded by anyone. This enables decentralized trading of your token against other cryptocurrencies on Solana, such as SOL or USDC.

To create a market using the OpenBook Market Creator Tool, you will need the following:

Base Token: The token you want to list in the market.

Quote Token: The token paired with your token for trading (e.g., SOL, USDC).

Preset or Custom Parameters: Choose a preset (Small, Medium, or Large) or manually configure the event queue, request queue, and order book length.

Connected Wallet: Ensure your wallet is connected and has sufficient SOL to cover transaction fees and market rent costs.

Having these details ready will streamline the market creation process. Double-check all inputs to avoid errors, as markets cannot be modified once created.

Event Queue: Stores all market events, such as trades and order updates. It ensures that transactions are processed in the correct order.

Request Queue: Holds pending instructions for the market, such as placing or canceling orders, before they are executed.

Order Book Length: Determines the number of open orders the market can handle at any given time. This affects how deep the market is in terms of order matching.

These parameters directly impact the performance, scalability, and cost of operating your market.

You can choose a preset for quick setup:

Small Market: Low-volume trading with minimal storage costs.

Medium Market: Balanced for moderate trading activity.

Large Market: High-capacity for large-scale trading.

Alternatively, you can manually configure the sizes if you have specific needs:

Larger sizes handle more activity but increase blockchain storage costs.

Smaller sizes are cost-efficient but may limit trading capacity.

Tip: Presets are ideal for most users, while manual configuration is better for advanced users with specific requirements. Note that these settings are permanent and cannot be changed after the market is created. Choose values that align with your long-term goals.

No, the tool only creates the market. Adding liquidity to the market is a separate process that you can perform using Solana wallets or other tools supporting OpenBook.

Once your OpenBook market is created, it operates independently on the Solana blockchain. While you can’t directly manage trades, you can continue to update your token’s metadata or mint additional tokens via our platform.

Changes to token metadata (like the name or image) will not affect the functionality of the market. However, traders may see the updated metadata in wallets or explorers.