The state of California alone accounts for 43% of all Bitcoin and Ethereum web traffic searches, according to a new report from CoinGecko. The 43% figure is remarkable, considering that California makes up for only 11.9% of the US population.
The data was collected through web traffic during the second quarter of 2022, between 2 May and 21 August 2022.
With the upcoming Merge impacting Ethereum’s popularity, price, and overall utility, the report can serve as an interesting point of comparison to see where Ethereum stands, assuming that the study is replicated in the next quarter.
Why California
Interesting as the finding about California is, it does not entirely come as a surprise. Co-founder of CoinGecko, Bobby Ong, even commented on the findings, saying it is “unsurprising” since California is a major tech hub. Silicon Valley is the home to tech giants like Apple, Google, Meta, PayPal, and Wells Fargo.
In addition, many cryptos and Web 3.0 projects are stationed in California, including The Graph, Helium, MakerDAO, and dYdX.
Additional data from the report
States that followed Chicago’s lead included Illinois, New York, Florida, Washington, Pennsylvania, Texas, Virginia, Georgia, and Arizona, in that order.
Another interesting fact the report threw up was that four US states saw more web searches for Ethereum than Bitcoin. The states that are more interested in ETH are Colorado, Wisconsin, New Jersey, and Florida.
The US is leading the world in crypto transactions and trading volume and shares the top spot with Germany in terms of crypto-friendly regulation and legislation. The two countries beat pro-crypto countries like Singapore, Australia, and Switzerland, according to a July 2022 report by crypto data aggregator Coincub.
