The search volume for the term “Solana” on Google increased by 250% between October and December. This increase coincided with the significant rise in the value of Solana-based memecoins like Bonk (BONK).
The search volume for “Solana” on Google rose by 250% from the beginning of October to the beginning of December, climbing from 14 to 49 on a scale that represents the peak in 2020.
This significant increase in search volume coincided with the substantial rise in the value of the native asset of the Solana network, SOL, and Solana-based memecoins like BONK.
Block’s research analyst Rebecca Stevens noted that the price performance was much stronger compared to other assets, which attracted more interest. According to CoinMarketCap data, the price of SOL increased by 224% between October 11 and December 18.
The price increase of SOL caught the attention of major players in the crypto industry, and ARK Invest CEO Cathie Wood mentioned that Solana was faster and cheaper than Ethereum (ETH) and was doing a good job. During the same period, the price of ETH increased by approximately 52%, rising from $1,580 to $2,400.