@kajollera
Google searches for the keyword onchain have reached a record high, The Block writes in a newsletter for subscribers. According to the authors, this indicates a growing interest among a wide audience in less superficial tools of the cryptocurrency market.
The term onchain in the context of cryptocurrencies and related technologies is interpreted quite broadly, but one way or another implies a certain interaction with data in blockchain networks without the participation of a centralized intermediary. For example, the combination of “onchain analysis” means the study of data on transactions between wallets, and the combination of “onchain trading” means operations in decentralized financial services (decentralized exchanges, DEX).
According to Google Trends, the number of searches for the word onchain has reached record levels. The search interest index has soared fivefold from about 19 in early 2024 to a peak of 100 in July.
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