Solana Overtakes Ethereum in Google Search Interest

In 2023, searches on Google for “Solana” surpassed those for “Ethereum” for the first time since the launch of both cryptocurrencies in 2020 and 2015, respectively.

The move comes after the digital asset flipped XRP as the fifth largest crypto in the world, according to market capitalization on December 21.

The Proof-of-Stake (PoS) protocol continued its upward movement, overtaking BNB with a market capitalization of $41.9 billion the following day. SOL briefly claimed the fourth position among the top five digital assets before retracing its steps to the fifth spot, previously held by XRP.

Solana Flips Ethereum on Google Search

The war is now between Solana and the world’s second-largest digital asset, Ethereum.

According to Google Trends data, while Ethereum had maintained a considerable lead in search interest throughout the year, the shift started from December 17 to December 23, marking a significant turning point for the crypto asset.

During this timeframe, interest in Solana surpassed that of Ethereum with a search interest score of 56, exceeding Ethereum’s score of 50.

The rise reflects the heightened interest among traders, driven by the recent resurgence of digital assets and other developments within the Solana ecosystem. SOL has witnessed an impressive rise, with the digital asset currently trading around $107 per token after dropping to as low as $27 this year.

With the recent price rally, Google data also predicted that the search term “Solana” is poised to attain a score of 100 in terms of search interest from December 24 to December 30. Google Trends said a score of 100 signifies the term’s “peak popularity”.

Interests in Solana Surges in Spain and the Philippines

In terms of regional search, Google Trends revealed that countries such as Spain and the Philippines took the lead. People in these nations recorded more users searching for the term Solana than Ethereum.

Nevertheless, Ethereum still maintained its dominance in countries such as Indonesia, Taiwan, and Morocco.

The Google data revealed that people who searched for Solana were also curious about other activities in the blockchain ecosystem. These users also searched for meme coin projects such as “Bonk” and “Tensor”.

The two digital assets recently gained attention after interest in BONK, a dog-themed memecoin, skyrocketed. As of December 8, the token surpassed its rival Pepecoin (PEPE) as the third largest virtual asset in market capitalization in the memecoin category.

BONK has seen an impressive surge of about 370% in recent weeks.

The second memecoin project, which users search for on Google, is called Tensor. The project is a Solana-based non-fungible tokens (NFTs) marketplace allowing traders and creators to buy and mint digital artworks on the platform. The project’s creators are responsible for the NFT collection known as Tensorians. Over the past 30 days, the collection has witnessed substantial gains despite reduced interest in NFTs since last year’s boom.

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2023-12-29 17:10