Record high interest in the term ‘Onchain’ on Google observed in May

Google Trends data shows that interest in the term “onchain” has reached its highest level ever. This surge in interest highlights the growing curiosity and engagement surrounding blockchain and cryptocurrency developments.

Over the past five years, global search interest in “onchain” has mostly remained below 25 on a scale of 100, with a brief peak of around 30 in March. However, between May 26 and June 1, search interest skyrocketed to 100, marking a record high. This is the highest level of interest ever recorded by Google for the term.

Singapore has exhibited the highest search interest in “onchain” over the past 30 days, followed by Nigeria, Afghanistan, Ethiopia, and Luxembourg.

Several factors may explain the recent increase in search interest for “onchain.” The growing adoption of blockchain technology, significant developments within the ecosystem, and impactful marketing campaigns like Coinbase’s “Onchain Summer” have likely contributed to the spike. The rising popularity of decentralized finance (DeFi) and non-fungible tokens (NFTs) has also driven more people to explore onchain solutions, bringing the term into the spotlight.

Key developments that have driven interest in the term “onchain” include the tokenization of the BlackRock USD Institutional Digital Liquidity Fund on a blockchain, highlighting the integration of traditional finance with blockchain technology. Additionally, the Ethereum layer-2 blockchain Starknet’s collaboration with AI firm Giza to incorporate AI agents on its blockchain has brought efficiency and automation to onchain activities. The buzz around Bitcoin-based NFTs, particularly with the recently-launched Ordinals protocol, has also contributed to the surge in interest.

Onchain metrics have become essential tools for predicting Bitcoin’s future trajectory.

The record-high interest in the term “onchain” on Google indicates the growing attention and engagement within the blockchain and cryptocurrency sectors. As blockchain technology continues to evolve and integrate with traditional finance, and as new applications like AI and NFTs expand their reach, the interest in onchain solutions is likely to keep growing. This trend reflects a broader shift towards decentralized and transparent financial systems.