- Solana proposed changing its consensus model to rival Nasdaq and NYSE.
- MEXC exchange exec projected SOL could hit $200 in May.
Solana [SOL] has unveiled a plan to rival traditional centralized exchanges like Nasdaq and NYSE (New York Stock Exchange) amid a push for on-chain stocks/equity issuance by public firms.
But to ensure Solana’s competitiveness relative to NYSE and Nasdaq, the network must prevent transaction censoring, argued founder Anatoly Yakovenko and Anza researcher Max Resnick.
Yakovenko and Resnick proposed having multiple concurrent leaders (nodes) in the consensus process (confirming blocks).
This would eliminate transaction censoring (a single node leader blocking some orders) and improve order sequencing, too.
Source: Anza (excerpt for the new consensus proposal)
For his part, Dan Robinson, a partner at research and crypto investment firm Paradigm, touted the proposal as ‘impressive.’
Solana’s outlook
To grasp the urgency of Solana’s plan, Superstate has already unveiled an ‘Opening Bell’ platform to allow firms to issue and trade tokenized shares on Solana and Ethereum.
Robinhood is also reportedly mulling allowing EU investors to trade US stocks, either through Solana or Ethereum’s Arbitrum.
To cap it all, SEC Commissioner Hester Pierce fully supports this trend. She recently stated,
“I’m thinking about a potential exemption from registration that would allow firms to use DLT to issue, trade, and settle securities.”
If well executed, this could be another adoption arc for the network, especially from non-U.S. investors seeking exposure to U.S. equity markets.
That said, Solana maintained its lead over Ethereum in network adoption and revenue in April.
In fact, MEXC exchange COO, Tracy Jin, told AMBCrypto the strong traction could push SOL’s price higher. She said,
“Solana’s total DEX volume has collectively exceeded $800 billion in 2025, highlighting the network’s rapid adoption and robust on-chain liquidity.”
On SOL’s May price outlook, she added,
“Bulls are now eyeing a breakout above the key $153 resistance level. If this level flips into support and momentum persists, this could open the path towards $180 and potentially $200 soon after.”
At the time of writing, the recent Bitcoin jump above $100K tipped SOL to cross $160. As Jin highlighted, the next key obstacle to $200 was $180, and it doubled as the 200DMA (Daily Moving Average).
Source: SOL/USDT, TradingView
