Welcome to Metaverse Market Analysis, where we provide you with the latest stats and data on the overall state of the Metaverse market. We are excited to bring you this column in partnership with the incredible team from OneLand, a financial platform for virtual lands in the Metaverse. In this week’s analysis, we will be looking at the OneLand Metaverse Market stats for the week of September 18th to 24th.
Let’s start by looking at the aggregate land market cap of the 10 projects listed on OneLand. The 7-day data shows a decrease of 4.02% to 660,635 ETH, which is equivalent to a 6.52% decrease to $1.04 billion. The total NFT cap also fell by 6.92% to 2.69 million ETH. Additionally, the price of ETH ended the week down 2.61% at $1,580.75.
When we delve into the Meta Rankings for Land Market Cap over the past 7 days, we see that Decentraland experienced a significant decline. The LANDs cap crashed to 140k ETH, with trading activity slowing down and only 7 sales over the past week, resulting in a volume of just 3.5 ETH, which is a decrease of 60.1% compared to the previous week.
On the other hand, Otherdeed sales and volume saw a resurgence, with a 71.4% increase to 156 sales and a 51.9% increase to 131.31 ETH volume. This puts Otherdeeds sales above 100 and volume above 100 ETH, bouncing back from the previous week’s decline.
Interestingly, Yuga Labs made significant moves in their partnerships to “propel development,” which coincided with AIP-304 approving ApeCoin DAO’s investment in 11 million $APE worth of Yuga assets. However, the price of $APE continues to fall, decreasing by another 0.78% to 1.10530 ETH, which is approximately half of what it was three months ago.
Looking at Otherside, we can observe a decline in sales count by 20% and trading volume by 47.7% over the past 30 days. The cap of Otherdeeds has also fallen by 4.29% to 326,358 ETH.
Moving on to Voxels, they experienced their most active week of trading since the previous month, with a 7-day volume increase of 530%. This was driven by 4 sales on Monday, resulting in the highest daily volume in over a month. However, the 30-day volume is still down by 39.6%.
In the BYOLands community, there is a level of excitement in the air as the date for the BYORacer launch in early October is now locked in. This excitement is reflected in the sales spike over the weekend, continuing into Monday and Tuesday with over 400 sales for the fortnight.
Somnium Space also enjoyed an uptick in trade with 13 parcels (+333%) being moved to wallets, and a 7-day volume increase of 230.5%.
Meanwhile, purchases of Apartments at Worldwide Webb decreased as the excitement of 3 weeks of Rugbusterz Rumbles subsided. The 7-day sales and volume declined by 82.6% and 94.4% respectively. However, the total land cap of Worldwide Webb continues to remain within the 10-11k ETH range.
At OneLand, we aim to be a 1-stop MetaHub, providing Metaverse data and analytics, a Land NFT marketplace, LandFi tools, and a Metaverse MediaHub. We strive to make it easy for you to discover, access, stay tuned to, research, and invest in the metaverse projects you love most.
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*Please note that all investment and financial opinions expressed by NFT Plazas are based on personal research and experience of our site moderators. They are intended as educational material only, and individuals are advised to fully research any product before making any kind of investment.
For more in-depth explanations of our data calculations, please refer to our documentation at docs.oneland.world. To access metaverse market and project data, visit oneland.world.
