It’s an all-time high for global ‘onchain’ searches on Google.
According to Google Trends data, Google search interest for the term “onchain” reached an all-time high in May.
Over the past five years, global search demand for the word has mostly hovered below 25 out of 100, with a brief spike to around 30 in March.
However, between May 26 and June 1, search interest reached 100 on the “onchain” index.
“Once a term of technology, ‘on the chain' is now widely known. The next step is to register everything on the chain. The education level is over. A new era is coming,” said CryptoQuant CEO Ki Young Ju in a June 3 post on X .
The data shows that Nigeria has shown the highest interest in power over the past 30 days, followed by Afghanistan and Ethiopia.
Users who searched the query on Google often searched for the terms “onchain token”, “onchain coin”, “onchain crypto” and “onchain summer” – the latter a slogan used to help market Coinbase's Ethereum layer-2 network Base. .
Base creator Jesse Pollack said in March that the word “onchain” performed better in user testing than any other word people use for crypto.
So what is happening in the chain now?
The largest treasury fund on the chain
In late April, the BlackRock US Dollar Institutional Digital Liquidity Fund became the largest treasury fund registered on the blockchain. The fund currently has $459.9 million in assets under management, with Franklin Templeton taking second place with $357.7 million.
StarkWare, GaiaNet to bring AI agents on chain
In May, Ethereum's layer-2 blockchain, Starknet, partnered with AI firm Giza and said it would soon allow AI agents on the blockchain to autonomously perform onchain tasks for users, such as optimizing production and reallocating portfolios.
Weeks later, GaiaNet raised $10 million for its AI infrastructure project to decentralize AI agent software onchain. 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 twin for the operator.
Onchain metrics paint a rosy picture for Bitcoin
In May, several analysts used onchain metrics to predict the future of Bitcoin (BTC).
Related: On-chain messages on Ethereum reveal stories of love, loss and fraud
On May 19, an anonymous crypto analyst known as ‘ELI5 of TLDR' revealed that five of the seven onchain metrics are currently in the early stages of Bitcoin's bull run. The metrics include Bitcoin MVRV Z Score, Puell Multiple and Market Dominance among others.
Days later, Glassnode analysts suggested that Bitcoin was preparing for a “big move” upwards, referring to the supply's last active period band gauge, the last time the supply was active at various “levels” since Bitcoin moved on-chain.
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