Google Searches for 'Onchain' Surge to All-Time High: Crypto Industry Readies for New Era

Google searches for the term "onchain" surged to an all-time high in May, according to Google Trends data, indicating a growing interest in blockchain-related activities. Over the past five years, search interest in the term remained relatively low, but between May 26 and June 1, it reached a peak of 100 on the index. CryptoQuant CEO Ki Young Ju commented on this trend, noting that "on-chain" is now widely understood, signalling a shift towards recording more activities on-chain. Nigeria showed the highest interest in the term over the past month, followed by Afghanistan and Ethiopia. Additionally, users searching for "onchain" often looked for related terms such as "onchain token," "onchain coin," and "onchain crypto." Recent developments in the blockchain space include the tokenization of treasury funds by BlackRock and the partnership between Ethereum layer-2 blockchain Starknet and AI firm Giza to bring AI agents on-chain. Analysts have also utilised onchain metrics to predict the future trajectory of Bitcoin, suggesting a bullish outlook based on various indicators such as the MVRV Z score and Supply Last Active Age Band metric.