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Home»EXCHANGE NEWS»Solana overtakes Ethereum in Google search interest
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Solana overtakes Ethereum in Google search interest

By Crypto FlexsDecember 30, 20233 Mins Read
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Solana overtakes Ethereum in Google search interest
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In local searches, countries such as Spain and the Philippines led Google Trends. More people in these countries searched for the term Solana than Ethereum.

In 2023, searches for ‘Solana’ on Google will exceed searches for ‘Ethereum’ for the first time since the launch of both cryptocurrencies in 2020 and 2015, respectively.

The move comes after XRP established itself as the world’s fifth-largest cryptocurrency by market capitalization on December 21.

The proof-of-stake (PoS) protocol continued its upward trend, surpassing BNB the next day with a market capitalization of $41.9 billion. After briefly claiming 4th place among the top 5 digital assets, SOL fell back to the 5th position previously occupied by XRP.

Solana flips Ethereum on Google searches.

Now a war is brewing between Solana and Ethereum, the world’s second largest digital asset.

According to Google Trends data, Ethereum maintained a significant lead in search interest throughout the year, but that began to change from December 17 to December 23, marking a significant turning point for the cryptocurrency asset.

During this period, interest in Solana exceeded that of Ethereum with a search interest score of 56, which exceeded Ethereum’s score of 50.

This upward trend reflects increased interest from traders due to the recent resurgence of digital assets and other developments within the Solana ecosystem. SOL has seen an impressive rise, with the digital asset currently trading at around $107 per token after falling as low as $27 this year.

Due to the recent price increase, Google data also predicted that the search term ‘Solana’ would record a search interest score of 100 from December 24th to December 30th. Google Trends revealed that a score of 100 indicates the ‘peak popularity’ of the search term. “.

Interest in Solana surges in Spain and the Philippines

In local searches, countries such as Spain and the Philippines led Google Trends. More people in these countries searched for the term Solana than Ethereum.

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

Google data shows that people who search for Solana are 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 have recently gained attention due to a surge in interest in BONK, a dog-themed memecoin. As of December 8, the token was the third-largest virtual asset by market capitalization in the memecoin category, surpassing rival Pepecoin (PEPE).

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

The second memecoin project that users search for on Google is Tensor. The project is a Solana-powered Non-Fungible Token (NFT) marketplace where traders and creators can purchase and create digital artwork on the platform. The project creators are responsible for a collection of NFTs known as Tensorians. Over the past 30 days, Collections has made significant gains despite a decline in interest in NFTs since last year’s boom.

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