Ethereum vs Solana: Blockchain Competition in On-Chain Stock Trading
The U.S. Securities and Exchange Commission (SEC) is set to host a roundtable on September 17, 2026, with major Wall Street players including BlackRock, Nasdaq, NYSE, and Robinhood to discuss the future of blockchain-based stock trading. This meeting will influence which blockchain—Ethereum or Solana—is used for continuous, around-the-clock settlement of U.S. stocks. Solana currently leads in tokenized equity volume with $465 million on-chain and sub-cent transaction fees, but its total value locked has dropped to $5.5 billion. Ethereum benefits from deeper institutional adoption, including BlackRock’s BUIDL fund already cleared by the SEC for Nasdaq stock settlement. Both blockchains are vying for a role in this emerging market. The regulatory framework and infrastructure requirements—such as speed of settlement, custody solutions, surveillance capabilities, and operational resilience—are expected to shape which blockchain is ultimately chosen.
Tickers: $BLK $HOOD $NDAQ $NMS
Topics: Ethereum On-chain Trading SEC Regulation Solana Wall Street