The keyword “Solana” has hit a new peak on Google Trends. The crypto asset has also dethroned BNB as the fourth largest cryptocurrency by market cap.
According to online data, the popularity of Solana (SOL) has been on the rise, with the search word “Solana” reaching as high as 100 on Google Trends.
This marks the highest point the search word has reached over the past five years, surpassing the previous high of 84 recorded in early September 2021.
Google Trends is an analytics tool that allows users to see how often specific terms are searched for on Google over time. The tool provides a normalized score, from 0 to 100, with 100 representing the peak popularity of a term over a specific period.
Popularity by Region
The data shows the popularity in terms of searches by country. According to the data, Malta searched Solana the most, followed by Spain, Mauritius, Georgia, and China.
This surge in search popularity for Solana comes after the price of SOL, witnessed significant growth over the past few weeks.
In the past 24 hours, SOL has risen by 12% to over $201 – a level last seen in December 2021. Moreover, the token has spiked over 42% over the past week, 55% in the past 14 days, and 83% over the past 30 days.
SOL Reclaims 4th Spot
This performance currently places SOL’s market capitalization at $89.47 billion. With this market cap, SOL has once again surpassed its closest rival, BNB, to reclaim the fourth spot in the global cryptocurrency market.
This rally in the price of SOL can be attributed to several factors, including gains in the overall market and growth, popularity, and adoption of the Solana blockchain.
Due to its abilities, Solana has seen increased adoption in recent years. Dubbed the “Ethereum Killer,” the high-speed layer-1 (L1)blockchain is known to offer a faster, scalable, and more affordable option than most L1s, including Ethereum.
