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 is in collaboration with the incredible team at OneLand, a financial platform for virtual lands in the Metaverse. This week the OneLand brings Metaverse Market Analysis stats for August 7-13.
7-day data shows that the VRE market cap for the 10 projects on OneLand increased marginally (+0.17%) to 663,914 ETH (or +0.79% to $1.221 billion).
It represents the first total land cap increase in 3 months, although the price of ETH rose more (+0.66%) to finish the week at $1,839.32.
This week saw trading volume for the Otherside recover (+50.6%), starting with a 2-month high of 19.5 ETH, and culminating in a buy of 19.55 ETH on Sunday, with the Metaverse Heat Index of OneLand reached the fiery heights of 91.4.
Trading lots – Other (7D)Nevertheless, given the market conditions (MoM declining land prices) the weekly increase in trade did little to stem the tide of a deteriorating landcap, falling for the 9th week in a row, while sales (-49.6%) also fell.
Metaverse Heat Index (7D)This, plus a 7-day comeback in trading action (+51.5%) at The Sandbox (sold as Premium LAND for 12.55 ETH, a top selling in 5 months), increased total trading volume for the 10 projects by 38% for the week. In addition, the 7-day trading volume of all NFTs also increased some slack, +26.3%.
Meta Rankings – VRE Trading Volume (7D)BYOPills, and two BYOLand sales of 0.45 and 0.5 ETH kicked off a week that showed a glimpse of recovery after a rather lackluster month, with all major metrics in the green, incl. 2 months increased.
Meanwhile, Somnium Space experienced a comedown last week after a busy previous 7 days of hype around the v3 release, with just 4 pack sales and a total trading volume of just 2.34 ETH.
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Look here for more info & instructions on how Bet your Sandbox LAND &/or $SAND at OneLand (it’s easy!).
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 an all-encompassing MetaHub — featuring 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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