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 August 21-27 are available.
Stake your TheSandbox LAND and earn 2.94%* APY. Wager your $SAND and earn 9.65%* APY (*28.8.2023)
Seven-day data shows that the VRE market cap for the 10 projects on OneLand is up 3.78% to 701,716 ETH, breaking the 700,000 ETH mark for the first time since June. This was in contrast to the global NFT cap, which fell by 3%.
Meanwhile, $ETH fell slightly, down 1.64% to $1,657.44.
Meta Rankings (7D)I’m not sure why Tuesday, but that was the day Decentraland, Otherside, HYTOPIA and Voxels all achieved the highest weekly sales. Decentraland’s was extra special as an Estate traded hands for 21.71 ETH, the highest price sale since January.
Land prices at various projects have risen this week, including Decentraland and HYTOPIAHighlight #1: Decentraland
24,000 ETH of the increase in land limits came from Decentraland, with the LAND limit drifting 16.38% north to 171,409 ETH, leaving The Sandbox in its wake, down 38%. Trading volume shot up 360% from the previous week, even though sales actually fell, while the average land price showed an even bigger increase, +437%.
The big week of the OG Metaverse project on LAND metrics follows a host of recent development and community developments.
This month alone, Decentraland went live with smart wearables and wearable experiences, updated their financing system and launched an in-world camera. In the meantime, they organize an Emotes Festival that lasts for a month. July was also a big month as they brought in custom animations, AI NPCs, exportable avatars and more.
A big week for Decentraland in terms of LANDs – only 10 sales, but there was also an Estate for 21+ ETH.Highlight #2: HYTOPIA
HYTOPIA’s token $TOPIA (+55.8%) took a wild trip north, unlike any previous price move since its launch 2.5 months ago, but hardly shocking, just as it happened when their chain’s testnet tap went live.
Opening up a highly hyped proprietary blockchain to your gaming community can create waves and ripple effects. We’ll just have to wait and see how many do or don’t come in.
As for land plots in the Minecraft metaverse, they recorded their highest trade volume, revenue count (+80.6%), and average price (+26.9%) in several months, driving the total land capitalization all up by a solid 12.7% entered positive territory (now at 14,584 ETH).
Trading volume and number of unique traders – HYTOPIA—
For an explanation of our data calculations, see docs.oneland.world/. For metaverse market and project data, visit oneland.world.
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OneLand is a one-stop MetaHub – providing 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 the most.
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