Solana proposes changing the consensus model to compete with Nasdaq and NYSE.
The director of MEXC exchange predicts SOL could reach 200 USD by May.
Solana [SOL] has announced plans to compete with traditional centralized exchanges like Nasdaq and NYSE as public companies accelerate on-chain stock and/or bond issuance.
However, for Solana to compete with NYSE and Nasdaq, the network must prevent transaction censorship, according to founder Anatoly Yakovenko and researcher Anza Max Resnick.
Yakovenko and Resnick propose having multiple concurrent leaders (nodes) in the consensus process (block confirmation).
This would eliminate the possibility of transaction censorship (a single node leader blocking some orders) and also improve order book sorting.
Source: Anza (citing for the new consensus proposal)
Dan Robinson, partner at the cryptocurrency research and investment firm Paradigm, praised this proposal as 'impressive'.
The outlook for Solana
To understand the urgency of Solana's plan, Superstate has launched the 'Opening Bell' platform allowing companies to issue and trade crypto stocks on Solana and Ethereum.
Robinhood is also reportedly considering allowing EU investors to trade US stocks via Solana or Ethereum's Arbitrum.
Finally, SEC Commissioner Hester Pierce fully supports this trend. She recently stated,
“I am considering the possibility of waiving registration for companies to use DLT to issue, trade, and settle securities.”
If implemented effectively, this could be the next wave of adoption for the network, particularly from investors outside the US seeking access to US stock markets.
However, Solana maintains an advantage over Ethereum in terms of network adoption and revenue in April.
With strong reception, MEXC CEO Tracy Jin shared with TinTucBitcoin that there is a possibility of SOL's price increasing. She said,
“The total DEX volume of Solana has surpassed 800 billion USD in 2025, highlighting the rapid adoption and strong on-chain liquidity of the network.”
Regarding SOL's price outlook for May, she added,
“Investors are currently targeting to break through the key resistance level of 153 USD. If this level turns into support and momentum continues, it could lead to 180 USD and the potential for 200 USD shortly thereafter.”
At the time of writing, the Bitcoin price surge above 100,000 USD has pushed SOL over 160 USD. As Jin emphasized, the next challenge to reach 200 USD is 180 USD, which is also the 200DMA daily moving average.
Source: SOL/USDT, TradingView
Source: https://tintucbitcoin.com/solana-cong-bo-ke-hoach-canh-tranh-nasdaq-sol-co-vuot-200-usd/
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