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.
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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%.
Meta Rankings – VRE Market Cap (7D)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.
Meta Rankings – VRE Trading Volume (7D)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.
Otherside kicked off the week with a slew of suspect 18-20 ETH Otherdeeds sales.For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.
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Financial platform for virtual lands in the metaverse.