Google Trends Highlight Solana’s Surging Interest
In an intriguing turn of events within the cryptocurrency sector, Solana has garnered significant attention, surpassing Ethereum in Google search interest for the first time in 2023. This surge in curiosity reflects the dynamic movements within Solana’s ecosystem and hints at changing trends in the crypto community.
Solana vs. Ethereum: A Shift in Search Dynamics
Throughout most of 2023, Ethereum maintained a considerable lead over Solana in terms of search interest. However, the period from December 17 to December 23 marked a pivotal change, with Solana achieving a search interest score of 56 compared to Ethereum’s 50. Google Trends forecasts that Solana’s search interest will reach a peak score of 100 between December 24 and December 30, indicating “peak popularity for the term.”
Interestingly, the surge in Solana’s search interest is more pronounced in countries like Spain and the Philippines, while Ethereum continues to dominate in regions such as Indonesia, Taiwan, and Morocco.
Associated Search Trends and Market Movements
Users searching for Solana have also shown interest in terms like “bonk” and “tensor.” Bonk, a dog-themed memecoin, overtook Pepecoin in market capitalization on December 8 after witnessing a 370% monthly gain. Tensor, a Solana-based nonfungible token (NFT) marketplace, has created the Tensorians NFT collection, which also experienced significant gains in the last 30 days.
Solana’s increased search interest may be partly attributed to the recent rise in the price of its token. On December 20, Solana’s market capitalization surpassed Ripple’s XRP, with the token price increasing by 13.8%, reaching over $82 for the first time since May 2022. This surge briefly positioned Solana as the fourth-largest crypto token by market cap, surpassing BNB on December 22. However, by December 29, BNB regained its position as Solana’s token prices returned to levels seen before Christmas.