Welcome to Metaverse Market Analysis! Every Monday we bring you the latest stats and data on the overall state of the Metaverse market. This column was created in collaboration with the incredible team at OneLand, a financial platform for virtual countries in the Metaverse. This week the OneLand Metaverse Market Analysis statistics for September 4 – 10 are available.
Stake your TheSandbox LAND and earn 2.24%* APY. Stake your $SAND and earn 6.58%* APY (*9.11.2023)
OneLand 7-day data shows that the total land market capitalization for 10 projects fell by 1.59% to 700,592 ETH (or -3.27% to $1.133 billion), marking a reversal from the previous four weeks of rising market capitalization for land. The total NFT cap saw a similar decline this week, down 1.37%.
For its part, ETH continued its month-long downward slide, ending the week down 1.04% at $1,616.77.
Meta Rankings – Market Cap (7D)Decentraland was the biggest offender as the LAND cap fell by 8.35%, while the number of sales (18) was the highest in two months, but prices fell by 69.6%, including a paltry top sale of just 1, 74 ETH.
On Otherside, Otherdeeds’ market cap (-0.49%) fell only 1,677 ETH, compared to Decentraland’s 14,859 ETH.
Turnover at Decentraland increased last week, but prices were low across the board.Arcade had the highest number of sales (+200%) in three months and the highest 7D volume (+96.81%) in two months.
Meanwhile, at Worldwide Webb, sales (-18.75%), trading volume (-75.92%) and prices (-70.36%) all rebounded to recent norms following last week’s launch of the new Rugbusterz Rumble events, which had seen an increase in all data. statistics.
Last week there was talk of a return to normal in apartment trading at WorldwideWebb.HYTOPIA continues to impress. Although sales (-15.4%) and volumes (-28.6%) decreased weekly, the average land plots are well above 2 ETH, while the project’s land limit continues to increase (+7.1%).
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For an explanation of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.
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