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Space runs on Solana using a Central Limit Order Book (CLOB) where users trade directly against each other. No house, no middleman, no AMM curves-just transparent order matching and real price discovery.

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How the Order Book Works

Makers post limit orders, pay 0% fees and earn rewards for adding liquidity. Takers hit existing orders and pay dynamic fees based on market probability. Orders match on price-time priority. Best price gets filled first; equal prices fill oldest orders first. Order Lifecycle
  • User places market or limit order
  • Matching engine checks for counterparty
  • If match found → execute immediately (taker)
  • If no match → add to order book (maker)
  • Order sits until matched, cancelled, or expired

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Price Discovery

Prices emerge from supply and demand. Every order is visible on-chain. The order book is transparent-no hidden liquidity, no preferential treatment.