👉👉👉 Worldwide searches for ‘#Onchain ’ on Google hit all-time high

Surge in #Google Search Interest for "Onchain" Indicates Growing Awareness

- Google Trends data shows a sharp increase in global interest in "onchain," reaching an all-time high in May. While search interest mostly remained below 25 out of 100 over the past five years, it surged to 100 between May 26 and June 1. CryptoQuant CEO Ki Young Ju noted the evolution, stating, "Once tech jargon, 'on-chain' is now widely known. The learning phase is over. A new era is coming."

- Nigeria, Afghanistan, and Ethiopia have shown the most interest in the term over the past month. Google search queries for "onchain" often included related terms like "onchain token," "onchain coin," "onchain crypto," and "onchain summer," the latter being a marketing slogan for Coinbase's Ethereum layer-2 network, Base.

- Jesse Pollak, creator of Base, highlighted in March that "onchain" outperformed other crypto-related terms in consumer testing.

Developments in Onchain Technology

Largest Tokenized Treasury Fund

- In late April, the #BlackRock USD Institutional Digital Liquidity Fund became the largest treasury fund tokenized on a blockchain, managing $459.9 million in assets.

- In May, StarkWare and GaiaNet revealed plans to integrate AI agents on their blockchains. These agents will autonomously handle onchain tasks like optimizing yield and portfolio re-allocation.

Onchain Metrics Predict #Bitcoin's Trajectory

- In May, analysts used onchain metrics like Bitcoin's MVRV Z score, Puell Multiple, and market dominance to forecast its future trajectory. These metrics suggest that Bitcoin's bull run may be in its early stages and indicate potential for a significant upward movement.

Conclusion

The surge in "onchain" searches reflects growing interest in blockchain. Innovations like treasury fund tokenization and AI integration showcase its broadening applications. Analyzing Bitcoin's path using onchain metrics underscores the rising importance of onchain data in the #CryptoMarket .

Source - cointelegraph.com