Welcome to the OneLand Metaverse Market Analysis! Every Monday, we provide you with the latest statistics and data on the overall state of the Metaverse market. This column is in collaboration with OneLand, a financial platform for virtual LANDs in the Metaverse. In this week’s analysis, we will be looking at the stats from Oct 30 to Nov 5.
According to OneLand’s 7-day data, 10-project lands cap ended the week with a 0.21% increase to 666,221 ETH, which is equivalent to a 5.65% increase to $1.261 billion in value. It was a positive week for both cryptocurrencies and NFTs, with ETH experiencing a 5.48% growth to $1,894.03, and the total NFT market cap rising by 6.64%.
Metaverse tokens also saw an increase during this period. MANA rose by 5.26%, SAND by 5.36%, APE by 4.07%, TOPIA by 2.78%, and CUBE by a staggering 19.6%.
Voxels had a strong start to the week with a flurry of land sales, resulting in its biggest 7-day volume increase of 810% and a top sale in over 3 months. Meanwhile, Worldwide Webb experienced another successful week of trading, generating 10.94 ETH in trading volume. The platform also closed out its week-long play-test with an exclusive NFT mint for its players and contests to win an Apartment. The chart provided shows that Penthouse sales tend to occur during the busiest trading times.
Treeverse also had two straight weeks of bumper trading, with 26.94 ETH in volume, nearly equivalent to the previous two months combined. However, BYOPills and Arcade saw a decline in trade volumes for the second consecutive week.
In terms of big players, HYTOPIA’s land cap continued to rise by 1.82%, although its prices decreased by 5.9% from 2.72 to 2.56 ETH. Otherside and Otherdeeds experienced three straight weeks of rising land caps, reaching a weekly volume of 230 ETH, the highest in a month.
If you’re interested in staking your Sandbox LAND and/or $SAND with OneLand, you can find detailed instructions and information here. OneLand is a 1-stop MetaHub, providing Metaverse data and analytics, a Land NFT marketplace, LandFi tools, and a Metaverse MediaHub. Their mission is to make it easy for users to discover, access, stay informed about, research, and invest in their favorite Metaverse projects.
For detailed explanations of the data calculations, you can visit docs.oneland.world, and for more information about the Metaverse market and project data, visit oneland.world.
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Please note that all investment/financial opinions expressed by NFT Plazas are based on personal research and experience. They are intended for educational purposes only, and individuals are advised to conduct their own research before making any investment decisions.
Source: NFT Plazas
