What is an OpenBook Market?

An OpenBook Market on the Solana blockchain is a decentralized trading platform where users can securely and efficiently buy and sell tokens. It enables the creation of markets that facilitate trading pairs between various tokens, simplifying user participation in decentralized finance (DeFi). Each OpenBook Market is assigned a unique Market ID, which helps integrate with exchanges like Raydium, ensuring smooth trade execution. The entire process is designed to be secure and intuitive. With a strong emphasis on user experience, OpenBook Markets prioritizes low fees and robust privacy, allowing users to trade confidently.

Instructions for Creating an OpenBook Market

Follow these steps to create your OpenBook Market on the Solana blockchain:

1. Connect Your Solana Wallet: Ensure a compatible Solana wallet is connected to the platform.
2. Enter Base Token: Select the address of your newly created token and paste it into the designated field.
3. Select Quote Token: Choose the token you wish to pair with your base token for trading.
4. Set Minimum Order Size: Define the minimum buy size for your market, which specifies the smallest quantity that can be traded.
5. Set Price Tick Size: Specify the minimum price change for your market. This controls the smallest increment for price movements.

Note

The minimum order and tick sizes mentioned below are general market creation recommendations. However, you should adjust these settings to fit your token’s total supply, the liquidity in the pool, and your desired price.

Token Supply	Min Order Size	Tick Size
100k	0.01	0.0001
1M	0.1	0.00001
10M	1	0.000001
100M	10	0.0000001
1B	100	0.00000001
10B	1,000	0.000000001
100B	10,000	0.0000000001

6. Adjust Length in Advanced Options: (Optional) If you have advanced knowledge of market configurations, modify the Length value. Otherwise, it is recommended to leave this setting unchanged.

Note

Select a standard OpenBook Market

• 0.32 SOL (Only Raydium) The selected option can only be used for creating Raydium pools. Operation in Openbook is not guaranteed.
• 2.78 SOL (Openbook+Raydium) known as a standard OpenBook Market

7. Click on Create Market: After filling in all fields correctly, click the button to start the market creation process.
8. Accept the Transaction: Confirm the transaction in your wallet and wait for the market To be established. You will receive a notification once your market is ready for trading.

With these simple steps, you can create an OpenBook Market tailored to your token and trading needs!

Our guide covers everything you need to know to launch and grow your OpenBook Market successfully. From creating the market and listing assets to ensuring liquidity and attracting traders, we provide all the essential steps and strategies to help you succeed.