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The phrase "interest has spiralled" is correct and usable in written English.
It can be used to describe a situation where interest in a particular topic, product, or event has rapidly increased or escalated. Example: "Since the announcement of the new product, interest has spiralled, leading to a surge in pre-orders."
Exact(2)
Since then, interest has spiralled.
But his interest has spiralled so much that next year he is opening a museum of contemporary art in Manchester to house his vast collection.
Similar(57)
Footballers' pay has spiralled out of control.
His notoriety has spiralled into shocking violence.
Homelessness has spiralled out of control.
In recent decades, the term has spiralled inexorably toward meaninglessness.
Her campaign has spiralled into recriminations, firings and confusion.
In the IMF's summer healthcheck for the UK was another chart which showed that the only nations where interest rates had spiralled upwards were those in the eurozone, and those without control of their own currency and monetary policy.
Our relationship with our gadgets has spiraled out of control.
Left unchecked, it wouldn't take much more than a year before that extra $20 had spiralled into outstanding interest of almost $1,000, and if you don't pay up, well… you might just get the clamps.
Iraq had spiraled downward into sectarian slaughter.
More suggestions(1)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com