Solana has introduced an ambitious plan to compete with major centralized exchanges like Nasdaq and the New York Stock Exchange (NYSE). This initiative comes as public companies increasingly look to issue stocks and equity on-chain.
To position itself as a strong competitor, Solana must address issues of transaction censorship, as emphasized by both founder Anatoly Yakovenko and researcher Max Resnick. They suggest implementing a consensus model with multiple node leaders, which would prevent any single node from blocking transactions, thereby enhancing order sequencing and overall efficiency.
Dan Robinson from Paradigm has praised this proposal, describing it as “impressive.” The urgency of Solana’s strategy is underscored by the recent launch of Superstate’s ‘Opening Bell’ platform, which enables firms to issue and trade tokenized shares on Solana and Ethereum.
Furthermore, Robinhood is reportedly considering a blockchain solution to facilitate trading US stocks for EU investors, potentially through Solana or Ethereum’s Arbitrum. SEC Commissioner Hester Pierce has also expressed support for this shift, suggesting a potential exemption from registration for firms utilizing Distributed Ledger Technology (DLT) for issuing and trading securities.
Well-executed, this initiative could significantly increase Solana’s adoption, particularly among non-U.S. investors interested in the U.S. equity markets. Moreover, Solana has shown strong performance relative to Ethereum in terms of network adoption and revenue in April.
Tracy Jin, COO of the MEXC exchange, reported that Solana’s decentralized exchange volume surpassed $800 billion in 2025, indicating robust on-chain liquidity. Currently, Jin’s analysis suggests that a rise in SOL’s price could occur, particularly if it breaks through the resistance level of $153.
If successful, this could position the cryptocurrency toward reaching $180 and potentially $200 soon after, especially following Bitcoin’s recent surge beyond $100K, which has positively influenced SOL’s movement.