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 is in partnership with the incredible team from OneLand, a financial platform for virtual lands in the Metaverse. This week brings the OneLand Metaverse Market Analysis 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 data shows VRE market cap for the 10 projects on OneLand up 1.84% for the week to 676,129 ETH, on the back of rises in land cap for Otherside (+ 0.88%), The Sandbox (+6.2%) and Decentraland (+1.96%).
But with ETH seeing out the week down a sizable 8.93% at $1,685.02, the entire crypto market feeling the reverberations of a Bitcoin freefall on Thursday, VRE caps in USD terms finished off the week out far worse for wear, falling by 6.67% to just $1.14 billion. Total crypto market cap ended the week down 9.67%.
As a result, major metaverse tokens $SAND (-15.4%), $MANA (-13.9%) and $APE (-20%) plummeted.
The notable exception, however, was $TOPIA, dipping just 1%, as the Web3 “Minecraft” presented its updated, and seemingly justifiably hyped, blockchain to the world.
More notably, $TOPIA’s listing on CoinGecko Wednesday saw it soar to close in on ATHs.
Overall, data showed land trading activity fired up around the Metaverse, with all but 2 of the 10 projects experiencing upturns in sales and volumes, and OneLand-listed projects seeing its highest aggregate trading volume numbers in 6 weeks.
Voxels appeared the standout, volume and sales numbers up 412% and 264% respectively. Meanwhile, a Premium LAND passed hands for 29.99 ETH at The Sandbox, its top sale in more than 3 months.
But things get clearer when peeking into Otherside, where 7-day volume reached its highest in 6 weeks (+61.1%), due to a slew of suspect 18-20 ETH trades Monday – of the same ‘Deed!
Meanwhile, land cap of Otherdeeds achieved its first weekly movement to the upside in 3 months.
For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.
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OneLand is a 1-stop MetaHub — providing Metaverse data & analytics, Land NFT marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned to, research and invest in the metaverse projects you love most.
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The post OneLand Metaverse Market Analysis: August 14-20 appeared first on NFT Plazas.
