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 9 – 15 are available.
Stake your The Sandbox LAND and earn 3.09%*APY. Stake your $SAND $ and earn 7.47%* APY (*10/16/2023)
OneLand 7D data shows that the total LAND cap for the ten projects mentioned increased by 0.37% to 656,739 ETH (-3.6% to $1.03 billion).
On closer inspection, Decentraland saw a positive reversal (+4.24%), while Otherside fell to its lowest LAND limit yet.
Meta Rankings – Market Cap (7D)$ETH fell significantly for a second week, dropping another 4.6% to $1,558.31, pushing NFT values lower (total NFT cap -0.75% to 2.65 million ETH, -4.94 % to $4.23 billion USD). Most Metaverse tokens, incl. $SAND (-3.33%), $MANA (-3.33%), $APE (-1.73%), and $TOPIA (-13.77%) all fell.
HYTOPIA achieved the highest LAND pack sale of all time, with #881 exchanging wallets for 11 ETH. Last week’s average price remained a very strong 2.7 ETH, while the bottom price reached an incredible 1.9 ETH!
The quarterly overview of land sales paints a clear picture – HYTOPIA (3M)I’m not sure if this is due to Otherside épées being too busy playing LOTM or laid-off Voyagers ceasing trading, but last week’s Otherdeeds sales plummeted to just 60 trades and only 62, 1 ETH in trading volume (-74.62%).
Meanwhile, the Otherside LAND limit (-0.68%) continues to decline this week to 321,864 ETH.
20+ ETH sales, hundreds of Otherdeeds weekly sales have disappeared from viewSomnium Space’s big VR1 update seemed to provide the solution: the VR Metaverse project enjoyed a second week in a row of busy LAND trading, and with no particularly expensive purchases to consider – both weeks raking in 10+ ETH .
The vast majority of sales took place over a busy weekend, with Sunday recording Somnium Space’s highest daily trading volume in six weeks.
Trade Plots – Somnium Space (7D)For an explanation of our data calculations, check docs.oneland.world/. For Metaverse market and project data, check oneland.world.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational materials only. Individuals are required to fully research any product before making any form of investment.