Welcome to Metaverse Market Evaluation! Each Monday we convey you the newest stats and information on the general state of the Metaverse market. This column is in partnership with the unimaginable group 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 information reveals VRE market cap for the ten tasks 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, your 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%.
In consequence, main metaverse tokens $SAND (-15.4%), $MANA (-13.9%) and $APE (-20%) plummeted.
The notable exception, nevertheless, 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.
Total, information confirmed land buying and selling exercise fired up across the Metaverse, with all however 2 of the ten tasks experiencing upturns in gross sales and volumes, and OneLand-listed tasks seeing its highest combination 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 arms for 29.99 ETH at The Sandbox, its high sale in additional than 3 months.
However issues get clearer when peeking into Otherside, the place 7-day quantity reached its highest in 6 weeks (+61.1%), resulting from 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.
For explanations of our information calculations, verify docs.oneland.world/. For metaverse market and challenge information, verify oneland.world.
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OneLand is a 1-stop MetaHub — offering Metaverse information & analytics, Land NFT market, LandFi instruments and Metaverse MediaHub. Our mission is to make it straightforward to find, entry, keep tuned to, analysis and put money into the metaverse tasks you like most.
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