Solana Surpasses Ethereum in Search Interest as Traders Show Growing Curiosity
Summary:
This article highlights the surge in searches for "Solana" surpassing "Ethereum" for the first time in 2023, reflecting growing interest from traders. Key regions showing increased interest include Spain and the Philippines. Data also reveals searches connected to dog-themed memecoin "bonk" and Solana-based NFT marketplace "Tensor." The climbing value of the Solana token (SOL) could further explain the heightened curiosity.
For the first time this year, inquiries for "Solana" have outstripped those for "Ethereum" as traders explore its evolving landscape. Whereas Ethereum retained significant interest dominance across the year, these trends noticeably shifted from December 17 to 23, with Solana attaining a search interest score of 56 against Ethereum's 50. According to Google Trends, the term Solana is projected to hit peak popularity, with a score of 100, from December 24 to 30. Interestingly, Solana outperformed Ethereum in Search Interest in nations such as Spain and the Philippines, while Ethereum was more popular in Indonesia, Taiwan, and Morocco.
The data revealed that those searching for Solana also displayed interest in "bonk" and "tensor." "Bonk" is a dog-themed memecoin that exceeded Pepe (PEPE) in market capital by December 8, prompted by a 370% monthly surge. Meanwhile, "Tensor" is a Solana-centered NFT marketplace responsible for the NFT collection Tensorians, witnessing impressive gains over the past month.
The gradual increase in Solana's token (SOL) might have intensified interest in the platform. On December 20, SOL's market cap overtook XRP (XRP) following a 13.8% spike, marking SOL's first surpass of $82 since May 2022. It then climbed above BNB (BNB) on December 22, securing the fourth spot for crypto tokens by market cap. However, as SOL reverted to its pre-Christmas value on December 29, BNB retrieved its position.
Published At
12/29/2023 11:36:21 AM
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