Welcome to the Metaverse Market Analysis, your weekly source for the latest data and statistics on the ever-evolving Metaverse market. We are excited to partner with OneLand, a leading financial platform for virtual lands in the Metaverse, to bring you this valuable information. In this edition, we will be covering the market trends and events that took place from September 11th to 17th.
Let’s start by looking at the land cap across various projects in the Metaverse. According to OneLand’s data, the 10-project land cap decreased by 1.75% to 688,309 ETH, which is equivalent to a decline of 1.37% to $1.117 billion in value. During the same period, the price of Ethereum (ETH) experienced a minimal increase of 0.39% to $1,623.08.
Moving on to the trading volume in the past 7 days, we saw a significant uptick in activity. The overall trading volume increased by 30.44% in USD or 29.02% in ETH. Notably, Otherside experienced a significant decline, crashing below 100 ETH for the first time. The Sandbox and HYTOPIA closely followed with trading volumes of 76.88 ETH and 74.12 ETH, respectively.
Turning to the Meta Rankings, we will explore the projects with the highest trading volumes in the past 7 days. Starting with BYOPills, the project witnessed a surge in land sales and activity. On Tuesday, the project’s Discord chatroom was buzzing with anticipation for the BYORacer launch. Later in the week, founder DrEtherJay tweeted a video showcasing the Racer, marking BYOPills’ first tweet since August 24th. As a result, BYOLands experienced a massive increase in sales and volume. The 7-day sales reached 146, an impressive 1,026% increase, and the volume soared by 1,384% to 8.79 ETH, the highest daily volume in almost a year.
Another project that saw a rise in land sales and volume was WorldwideWebb. Following the rollout of Rugbuster Rumblez in three parts over the past few weeks, land sales in the past 7 days increased by nearly 77% to reach 46. The volume also experienced a surge, rising by 386% to 14.11 ETH, returning to the levels seen two weeks ago.
HYTOPIA, on the other hand, focused on pre-registrations for its upcoming game launch. The project saw over 160,000 sign-ups in just 36 hours, leading to increased sales (+40.9%) and trade volume (+53.65%) in the past 7 days. Additionally, HYTOPIA recorded its highest sale in three months, reaching 9.0 ETH. As a result, the market cap for HYTOPIA’s land increased by 7.28%.
In terms of tokens, the native token of Decentraland, $MANA, experienced a modest increase of 3.57% in price over the past 7 days, breaking a 10-week streak of decline. However, the average price of LANDs in Decentraland remained low for the second consecutive week at 0.75 ETH, with a decrease in trade volume of 35.15%.
Arcade, on the other hand, saw its second consecutive week of high sales, although the prices were at their lowest levels in a while. The sales count decreased by 16.67% compared to the previous week, with both days recording the highest daily sales counts since early July.
For a detailed explanation of the data calculations, you can refer to docs.oneland.world. And to stay updated on the latest metaverse market and project data, make sure to check out oneland.world.
OneLand aims to be your one-stop MetaHub for all things Metaverse-related. They offer Metaverse data and analytics, a Land NFT marketplace, LandFi tools, and a Metaverse MediaHub. Their mission is to make it easy for enthusiasts to discover, access, research, and invest in their favorite metaverse projects.
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