Solana Plotting Wall Street’s Downfall? New Plan Shakes Crypto & Trading Alike! 🚀

by
  • Solana, restless as the Salinas wind, hatches a scheme to take on Wall Street’s old guard (Nasdaq and NYSE—those weathered barns of finance). 
  • MEXC exchange exec squints into the dusty horizon, figures SOL just might hit $200 this May. Stranger things have happened. 

Solana [SOL], that lean and hungry blockchain, has set its hat at the big city dream: muscling up to the bar with Nasdaq and NYSE. Public firms, fat with plans and stock certificates, are eyeing Solana’s blocky pastures for on-chain shares—seems the future might be built one pixel at a time.

But—always a “but” in these stories—Solana’s shepherds, Anatoly Yakovenko and Max Resnick, reckon their network needs some spit and polish if it’s going to outgun the old boys. Especially on the subject of transaction censoring, because nothing ruins a hoedown like someone hogging the jukebox and refusing to play your song.

Yakovenko and Resnick, who apparently don’t sleep much, say: “Why settle for one consensus boss at a time when you can have a whole posse?” Multiple concurrent leaders, all swinging their metaphorical lassos, means no single node can bottleneck the herd. Fairer, faster—maybe even a little rowdy. 🤠

Dan Robinson, a man who digs trenches in Paradigm’s cryptocurrency fields, tips his hat: says the proposal’s ‘impressive’. Rare praise, that. Probably made over black coffee and a stack of unpaid bills.

Solana’s outlook

The clock’s ticking, and Superstate already rolled out its ‘Opening Bell’—that’s a platform letting firms pump out tokenized shares on Solana (and its neighbor, Ethereum, who never brings enough pie).

Meanwhile, Robinhood is twirling its mustache about letting Europeans wrangle US stocks, maybe on Solana, maybe on Arbitrum (Ethereum’s cousin with a penchant for overcomplicating things). Oh, and Hester Pierce, she’s found a soapbox. The SEC boss says maybe firms should get a free pass to use DLT for shares—no stiff registration, just roll up and start trading.

“I’m thinking about a potential exemption from registration that would allow firms to use DLT to issue, trade, and settle securities.”

If Solana can cobble this together without stepping in a gopher hole, there might be a stampede of non-US investors looking for U.S. equity—from a polite distance, of course.

April saw Solana outrun Ethereum, both in network adoption and raking in the ‘network revenue’—which in blockchain is really just another word for “money, but you can’t put it under your mattress”.

Tracy Jin, COO of MEXC exchange, shared with AMBCrypto that Solana’s digital stockyards have seen DEX volumes bust through $800 billion in 2025. That’s not hay bales, folks. That’s a real stampede. 🐂

“Solana’s total DEX volume has collectively exceeded $800 billion in 2025, highlighting the network’s rapid adoption and robust on-chain liquidity.” 

On the matter of that $200 dream, Tracy says:

“The bulls are licking their chops at the $153 wall. Knock that down, keep running, and $180 or even $200 won’t look so distant—like a bar at the end of a long, hot road.”

At the time of writing, Bitcoin had itself a growth spurt, jumping over $100K, which had the effect of pushing SOL into the $160 corral. Next fence to clear is $180–which, for the folks keeping technicals, is also the 200DMA. (That’s Daily Moving Average, not a tractor model.) 🚜

Read More

2025-05-09 15:52