#Solana #Solana加池子 #OpenBook市场ID
slerftools 0.29 SOL creates OpenBook (market) ID to reduce the cost of Solana on-chain projects.
Users who participate in the Solana ecosystem must be familiar with OpenBook (market) ID. After issuing tokens, if you need to create an open trading market, based on Solana's account rental model, OpenBook ID is indispensable. This article will deeply analyze the uniqueness of OpenBook ID on the Solana chain and its key differences from the EVM chain transaction mechanism. In addition, we will also explore whether it is possible to complete the creation of OpenBook ID at a cost of 0.29 SOL and find the lowest cost solution to create it.
What is Solana’s OpenBook (Marketplace) ID?
OpenBook ID is a core tool in the Solana ecosystem that enables developers to create exclusive trading markets in a fully decentralized environment. This system is independent of centralized institutions and greatly improves market efficiency and operational flexibility of participants by automatically utilizing on-chain data and smart contracts to handle transaction matching and liquidity management. In addition, OpenBook ID provides strong support for financial innovation and user autonomy on Solana.
On the Solana chain, mainstream decentralized exchanges (DEXs) such as Raydium and Orca rely on OpenBook ID when creating liquidity pools.
Simply put, an OpenBook (market) ID is required to initiate token transactions on the Solana chain.
Importance of OpenBook (Market) ID on Solana
The importance of OpenBook ID is significant in the Solana ecosystem, especially when compared to other blockchain tools. Compared to the automated market maker (AMM) model on Ethereum, OpenBook ID leverages Solana's high-performance architecture to achieve faster transaction confirmation and more effective liquidity management.
OpenBook ID is designed to support liquidity sharing across multiple markets, which not only reduces slippage but also optimizes price consistency and market depth, providing users with better transaction prices and faster transaction speeds.
In addition, it significantly improves transaction speed and reduces user costs through Solana's high throughput and low-latency features, thereby maintaining an active and efficient financial market and enhancing the overall attractiveness and competitiveness of the market.
Comparison between Solana chain and EVM chain
Solana's unique architecture provides significant advantages. Solana uses Sealevel, the world's first parallel smart contract runtime system. This multi-threaded system can process smart contract data thousands of times faster than a single-threaded system and works together with the Pipeline transaction processing module to optimize hardware performance (Moralis Academy ). In addition, Solana adopts the Proof of History (PoH) consensus mechanism, which is a cryptographic clock that can provide a historical record of all events on the network, help sequence transactions and achieve high throughput, and can achieve transaction order without miners. Consensus (ZenLedger).
In contrast, EVM chains such as Ethereum often face network congestion and high transaction fees, which not only affect transaction speed, but also the overall user experience. For example, although Ethereum has a wide range of smart contracts and decentralized applications, its performance and cost efficiency in processing large-scale transactions are generally not comparable to Solana (Hela Labs) (ZenLedger).
In terms of developer ecology and tools, the EVM chain has extensive documentation and tutorial resources, and has a wealth of third-party tools and frameworks, which provide strong support for the creation, debugging and testing of smart contracts. Widely used programming languages such as Solidity enhance the ease of development and attract a diverse developer community (Hela Labs).
In general, Solana provides an efficient solution for handling a large number of transactions, and has rapidly emerged as an important competitor in blockchain technology with its low latency and low transaction costs. The EVM chain, on the other hand, relies on its mature developer ecosystem and sound smart contract support to maintain its advantages in the breadth and security of blockchain applications. The choice of which chain to use depends mainly on the specific needs of the project, performance requirements, and specific features required (ZenLedger).
Cost of creating OpenBook (Marketplace)
The cost of creating an OpenBook (market) ID on Solana mainly involves the following aspects:
Network Fees: This includes transaction fees and possible smart contract deployment fees. Performing any type of state change on Solana (including creating a Market ID) will incur a transaction fee.
Storage Fees: When creating an OpenBook (market) ID, you need to store relevant market information on the chain, which involves storage fees. Solana's account system needs to pay rent for data storage in order to keep the data available on the chain.
Creation and configuration costs: In addition to basic network and storage fees, configuring an OpenBook ID according to the market's needs (such as setting minimum order size and price tick size) may require expertise and additional technical support.
Minimum order size and increments can be configured based on token supply, here are the recommended values:
Taking Raydium as an example, the OpenBook (market) ID cost required to create a new liquidity pool is usually between 3 and 4 SOLs, which includes the cost of setting up and configuring the market ID. This fee must be considered when creating a market because it involves the operations related to registering and initializing the market on the blockchain.
Understanding these costs is critical for developers planning to launch new projects on Solana, as it directly impacts the project’s total startup costs and long-term operating budget.
How to create an OpenBook (Marketplace) ID with only 0.29 SOL
Currently, many third-party platforms have realized the reduction of the cost of creating OpenBook (market) ID through custom parameters. In SlerfTools, it only takes 0.29SOL to create an OpenBook (market) ID, reducing the cost of use. The implementation principle is mainly based on:
Optimizing market parameters: Choosing the right market size and order type is critical to reducing costs. For example, setting an appropriate minimum order size and price tick accuracy can reduce computational and storage requirements, thereby reducing fees.
Technical solution selection: Use pre-set parameters to reduce computing resource consumption. Selecting efficient coding and data structures can optimize transaction processing speed and cost.
Leverage existing tools: Use low-cost creation tools provided by platforms such as SlerfTools, which often provide optimized processes and lower fee structures to help users create marketplaces at a lower cost.
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