OpenBook Market ID
Create OpenBook Market
OpenBook Market Creator: open the market ID your SPL token needs before a Raydium pool can exist. No coding and no command line.
The cost of creating the Market ID is 0.1 SOL plus storage rent (the base option costs around 2.8 SOL).
Creation takes a few seconds. Save your Market ID. You will need it for Raydium Standard AMM (v2) pools.
Check here a whole blog post about how to create a Solana Token
How to use Create OpenBook Market
- Connect your Solana wallet
- Select the Base Token (your token)
- Select the Quote Token (usually SOL or USDC)
- Set the Minimum Buy (Minimum Order Size)
- Set the Minimum Price Change (Price Tick)
- Optionally tweak Length in Advanced Options to reduce rent cost
- Click on Create Market and accept the transaction
- Copy your Market ID once confirmed and use it in the Liquidity Pool Creator
Benefits of OpenBook Market Creator
Required to launch a Raydium Standard AMM (v2) pool on Solana
Configurable queue length to optimize cost vs. throughput for your launch
Cheaper than most competitors
minimal markets start around 0.3 SOL of rent
Cost preview before you confirm
no surprises
One-shot transaction, ready to use immediately in the Liquidity Pool Creator
If you need more help contact our team
Got questions?
If you need more help contact our team
An OpenBook Market ID is an on-chain order book that Raydium's Standard AMM (v2) pools require to function. It acts as the underlying trading infrastructure that connects your token to the Raydium ecosystem. If you're creating a CPMM (v3) or CLMM pool on Raydium, you do not need an OpenBook Market ID. It's only required for the classic Standard AMM pool type.
Only if you're using Raydium Standard AMM (v2). The newer pool types, CPMM and CLMM, do not require a Market ID, making them cheaper and faster to set up. If you're launching a new token and cost is a concern, consider using CPMM (v3) instead.
Creating an OpenBook Market ID on Smithii costs approximately 1-3 SOL, depending on the parameters you choose (minimum order size, tick size, queue lengths). This is competitive with other market creators. Some platforms charge up to 4 SOL for the same service. The exact cost is displayed before you confirm the transaction.
For most token launches, use the default values. They are optimized for standard use cases. The key parameters are Minimum Order Size, Tick Size, and queue lengths. Smaller queue sizes reduce cost but may limit trading throughput. For memecoins and standard token launches, the defaults work perfectly.
Creating an OpenBook Market ID is a single on-chain transaction. It typically takes a few seconds to confirm on Solana. Once created, you can immediately use the Market ID to create your Standard AMM pool on Raydium.
The next step is to create your liquidity pool. Go to the Liquidity Pool Creator, select Standard AMM (v2), and paste your new Market ID. Set your initial token price, add liquidity, and your token will be live for trading. If you haven't created your token yet, start with the Token Creator first.
How to Create an OpenBook Market ID on Solana
An OpenBook Market ID is required before you can create a Raydium Standard AMM (v2) liquidity pool for your token. It establishes the on-chain order book that Raydium uses as its price oracle. Without a Market ID, your token cannot be traded on a v2 pool.
Smithii's Market Creator lets you configure the market parameters (base lot size, quote lot size and event queue length) to optimize for your token's expected trading volume. Shorter queue lengths reduce the creation cost significantly.
Market creation costs vary based on configuration: a minimal market costs ~0.3 SOL in rent, while a full-size market can cost ~2.8 SOL. The tool shows the exact cost before you confirm.
From Market ID to Live Trading
After creating your Market ID, the next step is to create a liquidity pool on Raydium using that Market ID. Set your initial price and deposit both tokens to start trading. You can then add more liquidity later to reduce slippage.
If you haven't created your token yet, start with the Token Creator and revoke Mint Authority before setting up the market.
Watch how it works