TL;DR
- Solana (SOL) has seen a significant increase in value throughout 2023, with notable growth, especially in mid-December.
- Google search interest in Solana has recently surpassed that of ethereum, with particular popularity in countries such as Spain and the Philippines.
- Along with its rise in search popularity, Solana has also seen an increase in trading volume and has surpassed ethereum in other metrics.
Solana takes the initiative
Solana's price has skyrocketed 1,000% since January 1, hovering around $107 (according to CoinGecko data) at the moment. The token's value gradually increased throughout the year, with the fastest pace occurring in mid-December.
This could be one of the reasons why Google searches for Solana have ethereum&hl=en” target=”_blank” rel=”noopener” data-wpel-link=”external”>overcome those of ethereum since then. The former currently has a rating of 56, while its rival has a rating of 51. Google searches are usually a trailing indicator, which tends to increase after the price rises.
Solana has gained the greatest popularity in Spain and the Philippines. By contrast, residents of Brazil, Poland, and Finland remain much more interested in ethereum.
Google data shows that people in countries searching for Solana have also shown significant interest in Bonk Inu (BONK), a memecoin created on the web. The dog-themed crypto asset made headlines earlier this month when its price hit an all-time high (ATH), while its market capitalization arose above the $2 billion mark.
It's not just Google searches
In addition to becoming more popular on Google, Solana has found success in a few other fields. On-chain trading volume leap to a high of over $2.6 billion on December 22, staying above the $1.2 billion level until December 27, surpassing that of ethereum.
However, in recent days, eth regained its lead. ethereum?volume=true” target=”_blank” rel=”noopener” data-wpel-link=”external”>checking in a trading volume of more than $2 billion on December 28 compared to $1.1 billion for Solana.
The non-fungible token niche also saw some changes. Solana nft Sales Volume hit almost $75 million in the last week, surpassing ethereum, which comprised approximately $72 million.
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