The keyword "Solana" reached its highest popularity level in the past five years recording a peak score of 100, according to data by Google trends.
This increase exceeds the previous peak observed in late December 2023, showing a substantial increase in interest globally.
Solana, a layer 1 blockchain network, the increasing interest in it is not limited to search trends. A substantial increase in activity in the Solana ecosystem is reflected by on-chain metrics.
The on-chain volume of Solana Network rose to a record-breaking $3.79 billion last Friday. Additionally, the number of new addresses created on the network also reached an all-time high and nearly 870,000 new addresses were recorded on Saturday.
Accompanying this activity and interest, the price of Solana also experienced a substantial increase which at one time reached to $205 with an increase of 11.38%. Resultantly Solana over the weekend overtook BNB securing its position as the fourth-biggest cryptocurrency in terms of market value.
A major factor in Solana's popularity surge has been the enthusiasm for meme-inspired tokens that are built on the Solana blockchain.
As of now, Solana is pricing at $177.64 on coinmarketcap experienced a decline of 15.81% in a single day.
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