Google search interest in the term “onchain” hit an all-time high in May, according to Google Trends data.
Over the past five years, worldwide search interest for the term has mostly hovered below 25 out of 100, with a brief spike to around 30 in March.
However, from May 26 to June 1, “onchain” search interest indexed above 100.
![](https://public.bnbstatic.com/image/pgc/202406/9ecaa541124a9e790caf85a37dda7074.png)
Interest in ‘onchain’ reached 100 at the end of May | Source: Google Trends
“Once a technical term, ‘on-chain’ is now widely known. The next step is to record everything on-chain. The learning phase has ended. A new era is coming,” CryptoQuant CEO Ki Young Ju said in a June 3 X post.
![](https://public.bnbstatic.com/image/pgc/202406/6ffa13ab69692e95d180216aae883024.png)
Source: Ki Young Ju
Data shows that Nigeria has shown the greatest interest in the term over the past 30 days, followed by Afghanistan and Ethiopia.
Users searching for the term on Google also often search for the terms “onchain token,” “onchain coin,” “onchain crypto,” and “onchain summer” — the last term being a slogan used to Ethereum's layer-2 network marketing is Coinbase's Base.
Base creator Jesse Pollak noted in March that the term “onchain” performed better in consumer testing than any other word people use for crypto.
So what's happening onchain now?
Largest on-chain tokenized treasury fund
At the end of April, BlackRock USD Institutional Digital Liquidity Fund became the largest treasury fund tokenized on the blockchain. The fund currently has $459.9 million in assets under management, surpassing Franklin Templeton in second place with $357.7 million.
StarkWare, GaiaNet bring AI agents on-chain
In May, Ethereum's layer-2 blockchain Starknet, in partnership with AI firm Giza, said it would soon enable AI agents on its blockchain to perform on-chain operations autonomously. for users, such as yield optimization and portfolio reallocation.
A few weeks later, GaiaNet raised $10 million for its AI infrastructure project, which aims to decentralize on-chain AI agent software. GaiaNet uses a distributed network of edge nodes controlled by individuals and businesses to host AI models based on their expertise, with each node acting as an AI replica that performs tasks to its moderators.
On-chain indicators show a bright picture for Bitcoin
In May, several analysts used on-chain indicators to predict Bitcoin's future trends.
On May 19, anonymous crypto analyst known as ‘ELI5 of TLDR’ suggested that five out of seven current on-chain indicators suggest that the Bitcoin bull run may have just begun. Indicators include Bitcoin MVRV Z score, Puell Multiple and market dominance, among others.
A few days later, Glassnode analysts suggested that Bitcoin was preparing for a “bigger move” to the upside, citing the Supply Last Active Age Band index, which looks at how long Bitcoin has moved on- chain based on “last active supply” levels.
Source: https://tapchibitcoin.io/luong-tim-kiem-toan-cau-cho-tu-khoa-onchain-tren-google-dat-muc-cao-nhat-moi-thoi-dai.html