Google Trends: Solana Surpasses Ethereum in PH Search Interest | BitPinas

To learn about the Google search interest rate of Filipinos on multiple tokens, BitPinas utilized Google Trends to keep track of search interest in the country for the last 90 days, starting from November 16, 2023, to February 12, 2024.

In this article, we analyze the trend in search interest for CoinGecko‘s top 10 cryptocurrencies with the largest market capitalization. Apart from Bitcoin, the foremost cryptocurrency, Solana has outpaced Ethereum, the second-largest crypto and blockchain, in search volume.

The category used for all coins is as a “search term”. 

Note: The numbers indicate search interest compared to the highest point on the chart. A score of 100 signifies peak popularity, 50 indicates half as popular, and 0 implies insufficient data for the term.

(Read more: Ultimate Guide to Solana Airdrops 2024 and 20+ Potential Crypto Airdrops to Watch Out For in 2024)

(Also read: Solana Airdrop Checker Tool Guide To Check If Your Wallet is Eligible)

Solana vs. Ethereum

Over the past 90 days, Solana has garnered more search interest compared to Ethereum. On average, Solana maintained a score of 42, while Ethereum only registered 21 over the same period. 

Interestingly, on December 24th, Solana reached a search score of 100, whereas there were no searches recorded for Ethereum.

According to Google Trends, Solana is the most searched in the Autonomous Region in Muslim Mindanao, Cagayan Valley, and Central Luzon; Ethereum on the other hand is popular in Region XII, Eastern Visayas, and Central Visayas.

Recently, these two networks had local communities supporting its further adoption and spread in the Philippines; SuperteamPH for Solana and ETH63 for Ethereum.

Launched this month, Superteam is the distributed talent layer of the Solana Ecosystem. It aims to empower individuals in web3 through education, opportunities, and community. Goals include hosting in-person meet-ups, organizing activities nationwide, and attracting over 2,000 registrations for hackathons.

ETH63 is the first Ethereum community in the country officially supported by the Ethereum Foundation. It aims to increase awareness and spark interest in Ethereum through meetups and events. The initiative seeks to create a platform for networking, learning, and sharing insights among Ethereum enthusiasts, developers, and leaders. Key goals include cultivating broader interest in Ethereum, encouraging exploration of opportunities within the ecosystem, and fostering collaboration for growth and innovation.

Solana vs. Ethereum vs. Bitcoin

In a recent report, despite Bitcoin exceeding $50,000, its Google search interest continues to be historically low compared to its price. In the Philippines, interest peaked during the ascent of web3 gaming, but has waned despite Bitcoin’s price rebound.

However, the search interest for the top cryptocurrency remains higher than that of other cryptocurrencies in the Philippines. In comparison to Solana’s average of 17 and Ethereum’s 8, Bitcoin achieved an average of 47.

As per the data, Bitcoin is most searched in the Autonomous Region in Muslim Mindanao, MIMAROPA, and Caraga.

With BTC’s value increasing, the approval of Bitcoin Spot ETFs and anticipation of the upcoming Bitcoin Halving are noted to driving this market surge. BTC trading volumes surged from $16 billion to $50 billion between January 1st and January 10th, following the ETF approval. Historically, halvings have led to price surges, resulting in new all-time highs within a year. The fourth Bitcoin Halving is scheduled for April 2024.

Solana as compared to the other 7 top crypto

According to CoinGecko data, Tether (USDT) ranks third in terms of cryptocurrency market capitalization, totaling ₱5,429,139,940,433, surpassing Solana’s ₱2,739,060,440,310. However, when considering search interest averages in the Philippines, Solana leads with an average of 42, while Tether and USDC, another stablecoin, have averages of only 6 and 4, respectively. XRP, on the other hand, nearly matched Solana’s average with a score of 40.

Tether attracts the highest number of searches in MIMAROPA, while XRP is primarily searched in the Central Visayas, and USDC experiences notable interest in the Cordillera Administrative Region.

In contrast to the other three top cryptocurrencies, Solana’s search interest significantly surpassed them. It averaged 43, while Lido had 7, Cardano had 8, and Avalanche (AVAX) had 4.

LIDO garners the most searches in Metro Manila, while Cardano is predominantly searched in the Eastern Visayas, and AVAX sees considerable interest in the Davao region.

This article is published on BitPinas: Solana Surpasses Ethereum in Filipino Search Interest

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