Keyword Searches for "Solana" Surge 250%
Over the past two months, Google Trends has recorded a "massive" increase in searches related to the keyword Solana.
Keyword Searches for "Solana" Surge 250%. Image: Forbes
Data from Google Trends reveals that searches for the keyword "Solana" have surged by 250% since late October, peaking on December 8th amid the resurgence of meme coin frenzy.
Interest in the Solana keyword over the past 3 months. Source: Google Trends
The scale ranges from 0-100, measuring user interest in a specific keyword over a defined period and region. A value of 100 indicates peak popularity of the term, while 0 signifies insufficient data for the term.
During the past two months, Solana searches have approached the 100 mark multiple times. The peak occurred on December 8th, with user interest reaching a record high since 2020. As of today (19/12), the score stands at 88 and shows no signs of decline.
According to Google's statistics, the top three regions showing the most interest in the Solana keyword are Mauritius, Spain, and Switzerland. Meanwhile, Vietnam ranks in the top 60 along with Thailand, India, and Russia…
Distribution of interest in the Solana keyword by country globally. Source: Google Trends
Related topics and phrases such as airdrop, memecoin, why is solana going up, bonk solana, bonk coin, bonk… are also being searched at dizzying speeds by netizens. Additionally, searches for keywords "Bitcoin" and "Ethereum" are also trending upward, but they still lag behind Solana.
Some related keywords to Solana are also heavily searched. Source: Google Trends
Solana is reaping rewards after a period of recovery from remnants of the FTX collapse. DApps on Solana are attracting substantial inflows, partly due to participation in the airdrop/retroactive frenzy and partly due to the allure of memecoins within this ecosystem. Among these, perhaps the craziest is the Bonk (BONK) project, airdropping to Saga owners, suddenly making Solana's Saga phones a hot commodity.
As for SOL, the native token of the Solana ecosystem, it has seen an impressive acceleration leading into the new year. After nearly a year of stagnation, SOL has continuously set new highs for 2023 in just a few short weeks. From October 11th to December 19th alone, SOL's price surged over 220%, outperforming most other major altcoins in the market.
1D chart of SOL/USDT pair on Binance at 11:15 AM on 19/12/2023
Solana's capabilities are further bolstered by endorsements from prominent leaders. ARK Invest's CEO Cathie Wood has remarked that Solana is faster and more energy-efficient than Ethereum, and is performing its role very effectively. VanEck Investment Fund projects SOL to reach $3,211 USD by 2030.
