The search volume for the term “Solana” on search engine giant Google increased by 250% between October and December, coinciding with the performance of the altcoin and the significant rise seen with Solana-based memecoins like Bonk (BOKN).
Solana’s Search Volume Increases with Price
According to data followed by The Block, the search volume for the term “Solana” on Google increased by 250% from the beginning of October to the beginning of December. On a scale ranging from 0 to 100, where 100 represents the peak seen in 2020, the search volume for the term “Solana” increased from 14 just two months ago to 49 at the beginning of December.
This significant increase in search terms occurred during the same period as the significant rise seen in the native asset SOL of the Solana network and memecoins like BONK based on the Solana network.
SOL’s Price Performance
The Block’s research analyst Rebecca Stevens commented that “Price performance has been much stronger compared to other assets that have likely attracted more interest,” while also noting the recent rise in memecoins on the network. According to data from the crypto data and price platform CoinMarketCap, SOL’s price increased by 224% between October 11 and December 18.
SOL’s price increase has caught the attention of major players in the crypto industry, and the strong performance recorded has received high praise. For example, ARK Invest CEO Cathie Wood went so far as to say that Solana is faster and cheaper than the largest smart contract network Ethereum (ETH) and has done a really good job.
Between October 11 and December 18, the price of Ethereum’s ETH rose from approximately $1,580 to approximately $2,400. This corresponds to a relatively lower price increase of about 52% compared to SOL.
With current data, SOL has risen by 9.26% in the last 24 hours to $76.21, while ETH has risen by 3.23% in the same time frame to $1,237.
