Solana Proposes Consensus Upgrade to Compete with Nasdaq, Aims for On-Chain Stock Issuance and $200 SOL Milestone
Solana is advancing a major consensus upgrade to position itself as a contender against traditional financial exchanges like Nasdaq and NYSE. The new model, introduced by Anatoly Yakovenko and Max Resnick, would deploy multiple concurrent validators to enhance order fairness and prevent transaction censorship. This upgrade is designed to support Solana’s push for on-chain stock and equity issuance, strengthening its appeal to institutional and retail investors. Industry support remains strong, with backing from Paradigm’s Dan Robinson and traction from platforms such as Superstate’s Opening Bell, as well as Robinhood’s plans for EU access to U.S. equities via Solana or Arbitrum. Regulatory openness to blockchain-based securities is highlighted by SEC Commissioner Hester Pierce’s supportive stance on relevant exemptions. Solana’s adoption and revenue in April 2025 continued to exceed Ethereum, with over $800 billion in DEX volume. According to MEXC COO Tracy Jin, SOL’s price could break above key resistance levels at $153 and $180, potentially reaching $200 amid bullish market momentum, further supported by Bitcoin’s recent gains above $100,000. These developments position Solana at the forefront of blockchain-based capital markets and could accelerate its growth among global traders.
Bullish
The proposed Solana consensus upgrade, its growing momentum in on-chain equities, and increasing DEX volume collectively signal strong network adoption and utility. Support from major industry players and potential regulatory easing further enhance Solana’s prospects as a blockchain capital market leader, attracting both institutional and retail investors. Technically, SOL has surpassed key resistance levels and is approaching $200, lifted by positive sentiment in the broader crypto market and Bitcoin’s historic rally above $100,000. These elements are likely to sustain upward price action for SOL in the short to medium term, positioning it as a strong bullish option for traders.