Ethereum, the second largest cryptocurrency by market cap, has seen increasing interest from various countries globally.

The United States was the country most interested in Ethereum, followed by Germany and Turkey.

Increased interest in Ethereum:

According to sourcewhich covered Invezz’s research of the 20 largest countries that showed interest in Ethereum (ETH), the results were as follows:

The USA ranked first, with 1,116,000 online searches for Ethereum per month.

This means that there were 36,000 searches online for the word “Ethereum” daily.

After the USA, Germany and Turkey ranked second and third respectively in their online search for the second largest cryptocurrency.

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While Germany has 736,300 searches per month, Turkey has 408,500 Ethereum searches per month online.

Other countries such as Brazil, France, the United Kingdom and Canada ranked fourth, fifth, sixth and seventh, respectively.

These countries conduct more than 200,000 searches for Ethereum per month from their citizens.

Meanwhile, Switzerland, which ranks 12th on the list with more than 93,000, had the highest number of searches per 1,000 users.

Indonesia, which ranks 18th in terms of Ethereum searches per month, is the least interested in the search, with a rate of 0.19 per 1000 internet users.

Reasons for interest in Ethereum:

Interest in Ethereum has emerged more after the coin experienced a massive growth in value in 2021, as the price of the coin rose by about 400% since the beginning of January.

From a price of around $700 at the beginning of the year, the value of the cryptocurrency continued to climb along with its increasing market dominance, until it reached an all-time high above $4,300 earlier in May.

Although the price has seen a sharp drop compared to the all-time high of Ethereum, the second largest cryptocurrency is currently trading around the $3000 price range.

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While Bitcoin has seen an increase in institutional and retail adoption, Ethereum is also getting attention.

Speaking about the adoption and growth of interest in Ethereum, Mr. Jason Derek of Invezz said:

The extent to which Ethereum will play in terms of financial transactions and smart contracts will be significantly higher in the coming years.

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