Solana search volume on Google increases 250% over the past two months

The Block2023/12/18 22:13

By:The Block

Quick Take Google search volume for the term “solana” increased 250% between October and December, coinciding with the asset’s performance and surge of memecoins.

Google search volume for the term "solana" has increased 250% from early October to early December, according to data tracked by The Block.

Ranked on a scale of 0 to 100, with 100 representing a peak seen back in 2020, search volume for "solana" increased to 49 in early December from 14 just two months earlier.

Price performance

"Its price performance has been a lot stronger than other assets which has likely been pulling in more interest, and more recently memecoins on the network have also been taking off," The Block research analyst Rebecca Stevens said.

Solana's price rallied 224% between Oct. 11 and Dec. 18, according to The Block data.

Major players in the crypto industry have also highlighted solana's strong performance, such as ARK Invest CEO Cathie Wood saying Solana is faster and cheaper than Ethereum and "doing a really good job."

Price performance for Solana since October 11 to December 18. Image: The Block Price Page

Google search volume for "bitcoin" and "ethereum" have increased between October and December as well, although at a more tepid pace.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.