Solana Introduces an Alternative to Nasdaq—Could This Drive SOL to $200?

Solana intends to enable public companies to issue stocks directly on its blockchain, circumventing conventional exchanges. Analysts predict that Solana’s price could reach $200 as bullish trends and growing adoption persist. The platform has introduced a strategy to compete with Nasdaq and the New York Stock Exchange by allowing public firms to issue stock directly on its blockchain. This initiative could transform how equities are traded, providing companies with an option beyond the conventional centralized exchanges. Anatoly Yakovenko, the founder of Solana, along with researcher Max Resnick from Anza, has explained the network’s approach to achieving fairness and speed. They proposed the use of multiple simultaneous leaders within the group of systems responsible for validating transactions. This would prevent any leader from withholding orders, which could otherwise interfere with trading or create an unfair advantage. It would also improve the way orders are organized in the queue. Dan Robinson, a partner at Paradigm, praised the concept, describing the approach as “impressive.” Furthermore, Superstate has launched its ‘Opening Bell’ platform, allowing companies to issue and trade tokenized shares directly on Solana and Ethereum. In the interim, Robinhood is said to be looking into the possibility for EU investors to trade US stocks using the Solana or Arbitrum networks of Ethereum. Additionally, the SEC has indicated approval for securities based on blockchain technology.