Amid the frenzy surrounding meme-inspired cryptocurrencies, Solana rose to prominence after witnessing an unprecedented surge in global search interest on Google.
Solana's Search Interest Increases on Google Amid Memecoin Frenzy
According to data from Google Trends, the keyword “Solana” reached its highest popularity level in the last five years, recording a peak score of 100.
This increase exceeds the previous peak observed in late December 2023, marking a significant increase in interest worldwide.
The growing interest in Solana, a Layer-1 blockchain network, is not limited to search trends. On-chain metrics also reflect a significant increase in activity in the Solana ecosystem.
Last Friday, the Solana network's on-chain volume rose to a record-breaking $3.79 billion.
As of Monday afternoon in Asia, the network's daily volume remained strong at around $3 billion, as reported by DefiLlama.
Additionally, the number of new addresses created on the Solana network reached an all-time high, with nearly 870,000 new addresses recorded on Saturday.
Accompanying this increase in interest and activity, Solana's price also experienced a significant increase, reaching $205, an increase of 11.38%.
As a result, Solana overtook BNB over the weekend, cementing its place as the fourth-largest cryptocurrency by market cap.
Solana's rise in popularity can largely be attributed to the enthusiasm surrounding meme-inspired tokens built on the Solana blockchain.
In addition to tokens such as Bonk and Dogwifhat, politically themed tokens also attracted great attention and led to increased activity in the Solana ecosystem.
*This is not investment advice.