Welcome to our weekly Metaverse Market Analysis! This column is brought to you by OneLand, a financial platform for virtual LANDs in the Metaverse, in partnership with the incredible team from OneLand. In this week’s analysis, we bring you the OneLand Metaverse Market Analysis stats for Nov 6 – 12.
OneLand 7D data shows land caps for the 10 listed projects increased by 0.25% to 667,887 ETH. The value of these LANDS surged 8.36% to $1.36 billion in USD, as crypto maintained its Q4 rally, with a 7.6% increase in the market. This demonstrates the growing interest and investment in virtual real estate within the Metaverse.
Furthermore, ETH experienced an 8% surge in the last 7 days, reaching over $2,000 for the first time since April. Alongside this, the total NFT cap rose by 24.5% to $6.8 billion, the highest it has been since June. The global NFT volume also experienced a significant surge of 51.3%, indicating an increasingly active market for these virtual assets.
The 7-day volume for Apartments at Worldwide Webb rose by 8.59%, surpassing 10+ ETH for the third straight week. This increase is a reflection of the community’s enthusiasm following their recent playtest, indicating a growing interest in this virtual space.
At Arcade, trading increased by 624% after a quiet period, with the top sale in the project reaching 0.75 ETH for a land parcel, the highest in six months. The Sandbox also saw a significant increase in weekly trades, with 230 trades, a 389% increase from the previous week. However, the volumes remained relatively low at 65 ETH, with an average price of 0.283 ETH. Despite this, LAND prices in The Sandbox and Decentraland have remained stable, while their native tokens $SAND and $MANA have soared by 50% in the past month. This indicates a strong demand for these virtual assets.
Additionally, LAND prices in The Sandbox and Decentraland look stable, but their native tokens $SAND and $MANA have both soared 50% over the past month. Native tokens $SAND, $MANA & $CUBE were all up 16+% for the week, while $TOPIA fell 5.6%.
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For more detailed information on our data calculations and metaverse market and project data, please visit our website and documentation to explore and understand the evolving Metaverse market.
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We thank you for joining us for this week’s Metaverse Market Analysis and look forward to providing more detailed insights into the ever-expanding world of the Metaverse!
