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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solanas-global-search-surge-and-record-breaking-on-chain-activity/" data-wpel-link="internal">Solana’s Global Search Surge and Record-Breaking On-Chain Activity</a> 
Google data indicates that Solana is being searched globally more than ever before. Google Trends, which tracks the popularity of a keyword on a weekly basis, showed that this week global interest in Solana has reached a 100-point popularity peak over a five-year period, surpassing the previous peak in the last week of December 2023. 
<h2 class="p1" style="text-align: justify" id="solana-breaks-records-in-on-chain-metrics">Solana Breaks Records in On-Chain Metrics</h2> 
The growing interest in the Layer-1 blockchain network Solana is also reflected in on-chain data. On March 15, Solana’s on-chain volume exceeded $3.79 billion, reaching an all-time high. 
According to blockchain data analytics platform DefiLlama, the volume in the last 24 hours was around $3 billion in Asia on March 18. Data from The Block Data Dashboard indicates that the number of new addresses in the Solana ecosystem continues to reach all-time highs, with approximately 870,000 new addresses created on the network on March 16. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-329560 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/solana-adres.png" alt="" width="1073" height="834"> 
According to The Block Data Dashboard, the daily transaction fee amount, which was around $500,000 in January, rose to $3.83 million on March 16. Meanwhile, the price of Solana increased by 0.6% in the last 24 hours to $202.97 at the time of writing. Over the weekend, Solana surpassed <a href="https://en.coin-turk.com/binance-announces-burning-of-1-99-million-bnb-tokens-worth-619-4-million/" data-wpel-link="internal">BNB</a> to become the world’s fourth-largest cryptocurrency by market value. 
<h2 class="p1" style="text-align: justify" id="memecoin-culture-and-solana">Memecoin Culture and Solana</h2> 
A significant part of Solana’s surge in popularity is attributed to the hype surrounding Solana-based memecoin projects. Rachael Lucas, marketing and communications manager at <a href="https://en.coin-turk.com/ark-invest-continues-transition-from-bito-to-its-own-bitcoin-etf/" data-wpel-link="internal">BTC</a> Markets, commented on the matter on March 15: 
<blockquote> 
 “In addition to memecoin projects like Bonk and dogwifhat (WIF), tokens inspired by political events also gained attention and increased interest and activity in the Solana ecosystem.” 
</blockquote> 
Lucas pointed to the successful $700,000 campaign by Dogwifhat owners to advertise the memecoin logo in Las Vegas, which led to the token’s value rising above $3. Lucas added: 
<blockquote> 
 “The success of the campaign has sparked discussions in the crypto industry about the market overheating.” 
</blockquote> 
Amid speculation of a bubble in the current crypto bull cycle, <a href="https://en.coin-turk.com/will-the-bitcoin-rise-continue-critical-thresholds-for-cryptocurrencies/" data-wpel-link="internal">Bitcoin</a>‘s price retreated from its weekend record gains to $65,000 on March 17, but was trading at $68,300 at the time of writing. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/solanas-global-search-surge-and-record-breaking-on-chain-activity/" data-wpel-link="internal">Solana’s Global Search Surge and Record-Breaking On-Chain Activity</a></h5>

Solana’s Global Search Surge and Record-Breaking On-Chain Activity

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