Welcome to Metaverse Market Analysis! Every Monday we bring you the latest statistics and data on the general state of the Metaverse market. This column was created in collaboration with the incredible team at OneLand, a financial platform for virtual LANDs in the Metaverse. This week the OneLand Metaverse Market Analysis statistics for October 16 – 22 are available.
Stake your The Sandbox LAND and earn 2.61%* APY. Stake your $SAND and earn 7.47%* APY (*23.10.2023)
OneLand 7D data shows that the total LAND market cap for the 10 listed projects on OneLand increases by 3.27% to 678,221 ETH (+9.53% to $1.128 billion).
Meta rankings [7D] – Land market capitalization
The increase, especially in USD terms, occurred on the back of a 6.86% crypto rally – to $4.52 billion – that saw $ETH rise a similar 6.8% to $1,664.32.
Most Metaverse tokens had a positive week (with the exception of Somnium Space’s $CUBE), with $APECoin +6.75%, $SAND +6.9% and $TOPIA +26.38%.
On the other hand, LAND’s market cap rose by over 12,000 ETH (+2.29%) this week, and unsurprisingly, thanks to CEO Daniel Allegre declaring that the Metaverse gaming project was now (finally?!) a priority.
Overall, it was a positive week economically with both Otherdeeds sales (+31%) and trading volume (+68.1%) up, including a two-month high of 15 ETH.
Market capitalization and volume [30D] – Other side
Worldwide Webb’s announcement on Wednesday of their exciting new playtest (which starts this Tuesday, almost exclusively for apartment holders) caused a relative barrage of trading, leading to the highest number of daily sales in over 3 months.
There were no major prices or penthouse sales, but both floor prices and average prices peaked as volume rose 310.6%, while sales (+225%) more than tripled from the previous week.
Sales spiked mid-week when Worldwide Webb announced its new playtest for apartment owners.With BYOPills fans now seem busy playing the BYORacer, spiked trading activity over the past 5-6 weeks in BYOLands fell this week as sales and volume fell 52.8% and 62.5% respectively in the 7D period.
Commercial plots [3M] – BYO Countries
Meanwhile, at HYTOPIA, records are being set every week as LAND’s market cap exceeds 20k in ETH for the first time, including an all-time top sale for the project at 12.88 ETH.
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For an explanation of our data calculations, visit docs.oneland.world/. For Metaverse market and project data, visit oneland.world.
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A country is a 1-stop MetaHub – offering Metaverse data and analytics, LAND NFT marketplace, LandFi tools, and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay informed, research, and invest in the Metaverse projects you love most.
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