Welcome to Metaverse Market Evaluation! Each Monday we deliver you the newest stats and knowledge on the general state of the Metaverse market. This column is in partnership with the unimaginable workforce from OneLand, a monetary platform for digital lands within the Metaverse. This week brings the OneLand Metaverse Market Evaluation stats for August 14-20.
Stake your TheSandbox LAND & earn 2.89%* APY. Stake your $SAND & earn 9.55%* APY (*21.7.2023)
7-day knowledge reveals VRE market cap for the ten initiatives on OneLand up 1.84% for the week to 676,129 ETH, on the again of rises in land cap for Otherside (+ 0.88%), The Sandbox (+6.2%) and Decentraland (+1.96%).
However with ETH seeing out the week down a large 8.93% at $1,685.02, the complete crypto market feeling the reverberations of a Bitcoin freefall on Thursday, VRE caps in USD phrases completed off the week out far worse for put on, falling by 6.67% to simply $1.14 billion. Complete crypto market cap ended the week down 9.67%.
Meta Rankings – VRE Market Cap (7D)In consequence, main metaverse tokens $SAND (-15.4%), $MANA (-13.9%) and $APE (-20%) plummeted.
The notable exception, nonetheless, was $TOPIA, dipping simply 1%, because the Web3 “Minecraft” offered its up to date, and seemingly justifiably hyped, blockchain to the world.
Extra notably, $TOPIA’s itemizing on CoinGecko Wednesday noticed it soar to shut in on ATHs.
General, knowledge confirmed land buying and selling exercise fired up across the Metaverse, with all however 2 of the ten initiatives experiencing upturns in gross sales and volumes, and OneLand-listed initiatives seeing its highest mixture buying and selling quantity numbers in 6 weeks.
Voxels appeared the standout, quantity and gross sales numbers up 412% and 264% respectively. In the meantime, a Premium LAND handed palms for 29.99 ETH at The Sandbox, its high sale in additional than 3 months.
Meta Rankings – VRE Buying and selling Quantity (7D)However issues get clearer when peeking into Otherside, the place 7-day quantity reached its highest in 6 weeks (+61.1%), attributable to a slew of suspect 18-20 ETH trades Monday – of the identical ‘Deed!
In the meantime, land cap of Otherdeeds achieved its first weekly motion to the upside in 3 months.
Otherside kicked off the week with a slew of suspect 18-20 ETH Otherdeeds gross sales.For explanations of our knowledge calculations, verify docs.oneland.world/. For metaverse market and challenge knowledge, verify oneland.world.
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Monetary platform for digital lands within the metaverse.