- Solana has seen a 250% increase in Google search volume over the past two months due to strong price gains, rising 224% between October and December.
- The surge of memecoins built on the Solana blockchain, like Dogecoin spinoff Samoyedcoin, has introduced Solana to new retail crypto traders.
- Major industry leaders like Cathie Wood of ARK Invest have touted Solana’s strengths like speed and low fees compared to Ethereum.
Solana has seen a significant increase in interest over the past two months, with Google search volume for the cryptocurrency rising 250%. This comes as Solana’s price has rallied strongly compared to other assets. The surge in memecoins built on Solana has also contributed to the heightened interest.
Solana’s Price Performance Fuels Interest
Between October 11 and December 18, Solana’s price rallied 224%, according to data from The Block. Solana has strongly outperformed other major crypto assets like Bitcoin and Ethereum over this period. The strong price performance has grabbed attention and likely resulted in more investors researching the cryptocurrency.
Memecoins Bring New Users to Solana
Several memecoins built on the Solana blockchain have taken off recently. This includes Dogecoin spinoff Samoyedcoin and memecoin Bonk. The surge in these memecoins has introduced Solana to a new demographic of retail crypto traders who are doing research on the blockchain platform.
Industry Leaders Tout Solana
Major industry leaders have also been touting Solana’s strengths. Cathie Wood, CEO of ARK Invest, recently said Solana is “faster and cheaper than Ethereum and doing a really good job.” These types of comments from influential figures support the growing narrative around Solana.
Thanks to a combination of factors like its strong price performance, the rise of Solana-based memecoins, and comments from industry leaders, interest in Solana has spiked over the past two months. This is evident from the 250% increase in Google searches. If current trends continue, Solana looks poised to expand its user base and ecosystem.