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 <p class="paragraph">Interest in the term “onchain” surged to an all-time high, <em>according</em> to Google Trends data. This spike underscores the growing engagement and curiosity surrounding blockchain and cryptocurrency developments.</p>
 <p class="paragraph">Over the past five years, global search interest in “onchain” has mostly remained under 25 on a scale of 100, with a brief peak of around 30 in March.&nbsp;</p>
 <p class="paragraph">However, between May 26 and June 1, search interest skyrocketed to 100, marking a <a rel="noopener noreferrer nofollow" title="record" href="https://thebittimes.com/tag/record.html">record</a> high. This represents the highest level of interest ever <a rel="noopener noreferrer nofollow" title="record" href="https://thebittimes.com/tag/record.html">record</a>ed by Google for the term.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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    <p lang="en" dir="ltr">Once tech jargon, 'on-chain' is now widely known. The next step is to <a rel="noopener noreferrer nofollow" title="record" href="https://thebittimes.com/tag/record.html">record</a> everything on-chain. The learning phase is over. A new era is coming. pic.twitter.com/LhXQ7ncqwl</p>— Ki Young Ju (@ki_young_ju) June 3, 2024
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 <h2 class="wp-block-heading" id="h-global-search-trends">Global search trends</h2>
 <p class="paragraph">Data from Google Trends reveals that Singapore exhibited the highest search interest in “onchain” over the past 30 days, followed by Nigeria, Afghanistan, Ethiopia, and Luxembourg.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="337" src="https://cdn.thebittimes.com/images/2024/06/04/41c7b2414e949b56ba089f43ea9a8e35.webp" alt="" class="wp-image-180783" srcset="https://cdn.thebittimes.com/images/2024/06/04/41c7b2414e949b56ba089f43ea9a8e35.webp 1024w, https://cdn.thebittimes.com/images/2024/06/04/41c7b2414e949b56ba089f43ea9a8e35.webp 300w, https://cdn.thebittimes.com/images/2024/06/04/41c7b2414e949b56ba089f43ea9a8e35.webp 768w, https://cdn.thebittimes.com/images/2024/06/04/41c7b2414e949b56ba089f43ea9a8e35.webp 1536w, https://cdn.thebittimes.com/images/2024/06/04/41c7b2414e949b56ba089f43ea9a8e35.webp 1663w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Interest by region in ‘Onchain’’ keyword. Source: Google Trends</em>
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 <p class="paragraph">Users searching for “onchain” on Google also frequently explored related terms such as “onchain token,” “onchain coin,” “onchain crypto,” “onchain data,” “onchain <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>,” and “onchain monkey.”</p>
 <h2 class="wp-block-heading" id="why-the-surge-in-interest-now">Why the surge in interest now?</h2>
 <p class="paragraph">Several factors might 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.</p>
 <p class="paragraph">Furthermore, the rising popularity of decentralized finance (DeFi) and non-fungible tokens (NFTs) has driven more people to explore onchain solutions, pushing the term into the spotlight.</p>
 <h2 class="wp-block-heading" id="key-developments-driving-interest-in-the-term-onchain">Key developments&nbsp;driving interest in the term “Onchain”</h2>
 <p class="paragraph">In late April, the BlackRock (NYSE: BLK) USD Institutional Digital Liquidity Fund became the largest treasury fund to be tokenized on a blockchain.&nbsp;</p>
 <p class="paragraph">The fund’s assets under management reached $459.9 million, surpassing Franklin Templeton’s $357.7 million. This milestone highlights the increasing integration of traditional finance with blockchain technology, offering enhanced transparency and liquidity.</p>
 <p class="paragraph">Similarly, in May, the Ethereum (ETH)&nbsp; layer-2 blockchain Starknet, in collaboration with AI firm Giza, announced plans to incorporate AI agents on its blockchain. These AI agents will autonomously perform onchain activities, such as optimizing yield and reallocating portfolios, bringing a new level of efficiency and automation to blockchain operations.</p>
 <p class="paragraph">Another factor contributing to the surge is the buzz around Bitcoin-based NFTs, particularly with the recently-launched Ordinals protocol.&nbsp;</p>
 <p class="paragraph">One prominent example is the OnChain Monkey NFT collection. This collection of 10,000 Ethereum NFT profile pictures (PFPs) minted in 2021 used Ordinals to “inscribe” all its existing artwork on Bitcoin.</p>
 <p class="paragraph">Additionally, onchain metrics have become essential tools for predicting Bitcoin’s (BTC) future trajectory.</p>
 <h2 class="wp-block-heading" id="conclusion">Conclusion</h2>
 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="record" href="https://thebittimes.com/tag/record.html">record</a>-high interest in the term “onchain” on Google is a clear indication of the growing attention and engagement within the blockchain and cryptocurrency sectors.&nbsp;</p>
 <p class="paragraph">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.</p>
 <p class="paragraph">This trend reflects not just a passing curiosity but a broader shift towards decentralized and transparent financial systems.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/interest-for-onchain-term-on-google-hits-record-high-in-may-tbt91264.html">https://thebittimes.com/interest-for-onchain-term-on-google-hits-record-high-in-may-tbt91264.html</a></p>

Interest for ‘Onchain’ term on Google hits record high in May

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TheBitTimes

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