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PH Crypto Searches: Solana Stays Above Ethereum, Bitcoin Dominates

Photo for the Article - PH Crypto Searches: Solana Stays Above Ethereum, Bitcoin Dominates

Despite Ethereum’s greater global value and popularity, it ranks lower in Philippine searches, where Solana holds second place behind Bitcoin. This is based on PH Google Trends data from September 21 to October 21, 2024.

Note: Search interest is measured as a “search term,” with 100 indicating peak popularity, 50 half as popular, and 0 meaning insufficient data.

Solana vs. Ethereum

Photo for the Article - PH Crypto Searches: Solana Stays Above Ethereum, Bitcoin Dominates

The Google Trends graph compares the search interest for “Ethereum” (blue) and “Solana” (red) in the Philippines between September 21 and October 21, 2024. 


Key Points of Analysis

  • Solanaโ€™s Dominance: Solana consistently shows higher search interest than Ethereum, peaking multiple times, especially around the beginning of October. It holds an average score of 67, which is significantly higher than Ethereumโ€™s 24.
  • Stable Performance: Solana maintains a relatively stable interest level, hovering around a consistent range, while Ethereum shows more fluctuations with brief surges.

The same results are visible in the one-year trend:

Photo for the Article - PH Crypto Searches: Solana Stays Above Ethereum, Bitcoin Dominates

Where are They Most Searched?

According to the data, Solana was the most searched in Cagayan Valley, scoring 99 in search interest. This was followed by Western Visayas and the Ilocos Region with 87, Northern Mindanao with 84, and Region XII with 83.

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In contrast, Ethereum saw its highest search interest in the Bicol Region with 68, followed by the Zamboanga Peninsula with 54, MIMAROPA with 46, Central Luzon with 35, and Davao with 30.

Bitcoin Still on Top

In the Philippines, Bitcoin is clearly leading the search interest.

Photo for the Article - PH Crypto Searches: Solana Stays Above Ethereum, Bitcoin Dominates
  • Bitcoinโ€™s Dominance: Bitcoin consistently leads in search interest, with noticeable peaks, especially around late September, reaching nearly 100. Although it fluctuates, it remains well above all other cryptocurrencies
  • On Average: In the comparison of the three cryptoโ€™s “search terms,” Bitcoin scored 47, Solana 16, and Ethereum just 6.
  • Dominated regions: As per the data Bitcoin is most searched in the regions:
    • ARMM (100%)
    • Zamboanga Peninsula (90%)
    • Region XII (90%)
    • Eastern Visayas (87%)
    • Caraga (86%)

However, the Block reported recently that Google search volume for “bitcoin” has hit its lowest point in a year, despite a 142% price increase since October 2023. Global search interest dropped from 17 to 14 for the week ending Oct. 12, with U.S. trends showing a similar decline.

Previously: In February, Bitcoin led Google search interest in the Philippines, followed by USDT. Other top cryptocurrencies, like Ethereum, Solana, and BNB, showed lower but consistent search interest, with regional variations in popularity.

The Latest with Solana and Ethereum

Solana

The booths within Solana Breakpoint 2024 captured by BitPinas.

Last month, Solanaโ€™s had its Breakpoint 2024 last September 21 in Singapore. It was attended by Solana builders and enthusiasts all over the world. 

  • At the event, homegrown exchange Coins.ph announced that their Philippine Peso stablecoin, PHPC, will be supported on the Solana blockchain.
  • BitPinas EIC Michael Mislos, who attended, got the chance to interview DRiP founder Vibhu Norby.

In the Philippines, it also has a community called the Superteam PH, launched last February. 

  • So far, it has already hosted numerous almost-monthly community meetups all over the country.
  • It also launched a local hackathon.
  • Superteam PH also had a partnership with the Department of Science and Technology โ€“ Advanced Science and Technology Institute to propel blockchain technology and web3 initiatives in the Philippines.

The Solana Foundation was also one of the major sponsors of the 2-day event Blockchain Campus Conference held last October 1011, 2024 in Mapua Malayan Colleges Mindanao in Davao City. 

Photo for the Article - PH Crypto Searches: Solana Stays Above Ethereum, Bitcoin Dominates

In an August webcast,  BitPinas interviewed Georgeson Guray, the University Activation Lead at JBECP and Liz Sanchez, the Lead Coordinator of Superteam PH and BD Associate of The BLOKC; both with first-hand knowledge on the Solana movement in the country:

Solanaโ€™s Push in the Philippines | BitPinas Webcast

Ethereum

Recently, Ethereum co-founder Vitalik Buterin proposed changes to Ethereumโ€™s proof-of-stake (PoS) model, including lowering the staking requirement from 32 ETH to 1 ETH to promote more solo stakers and decentralization. 

  • He also suggests improving transaction finality from 15 minutes to 12 seconds through โ€œsingle-slot finality.โ€ 
Photo for the Article - PH Crypto Searches: Solana Stays Above Ethereum, Bitcoin Dominates

In the Philippines, the blockchain also has a dedicated community called ETH63. The community, created in Q4 of 2023, already hosted numerous events in preparation for the Devcon 2024.

Whatโ€™s Next

Happening next month, the main event, Devcon SEA, will be on November 12 to 15.

Photo for the Article - PH Crypto Searches: Solana Stays Above Ethereum, Bitcoin Dominates
  • 12 side events will also happen between November 7 to 11, and 16 to 17. 
  • Buterinโ€™s Ethereum updates will also be discussed further at Devcon 2024.

Worth reading: Previously, Solana also outpaced Ethereum for the second spot in search interest in the Philippines over a 90-day period, from November 16, 2023, to February 12, 2024.

This article is published on BitPinas: PH Crypto Searches: Solana Stays Above Ethereum, Bitcoin Dominates

What else is happening in Crypto Philippines and beyond?

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