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 May 22 – 28, 2023.
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Meta Rankings (7D)OneLand 7-day data shows aggregate land market caps for the 10 listed projects down 0.44% to 772,997 ETH, or $1.475 billion (+5.3%), the divergence in ETH and USD terms a consequence of $ETH ending the week up 5.8%. Meanwhile, metaverse tokens $SAND (+13.7%) and $CUBE (+13.9%) also enjoyed a rally.
Project land caps were for the most part stable, with the notable exceptions of The Sandbox (which enjoyed its second consecutive weekly boost, +4.86%) and Decentraland (which suffered its fourth consecutive weekly drop, -5.7%).
Land caps and average prices in The Sandbox and Decentraland are convergingLand caps of The Sandbox and Decentraland are once again on par, with another flippening on the cards within days if the trend continues. The average price of a plot of land is also converging, supported by several high-priced sales in The Sandbox in recent weeks.
Meanwhile, BYOPills and Treeverse enjoyed dramatic booms in trading activity, with volumes soaring 642% and 416% respectively, while 7-day sales counts for all other projects (with the exception of Decentraland) ending the week down.
Top Weekly Performer by Avg Price / Metaverse Heat Index (7D)Join us in our Discord Tuesday 4am UTC to view a demo & learn how to stake your #Sandbox #LANDs & $SAND to earn the best APY.
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For explanations of our data calculations, check docs.oneland.world/. For comprehensive metaverse market and project data, check oneland.world.
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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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Financial platform for virtual lands in the metaverse.