Welcome to Metaverse Market Analysis! In collaboration with OneLand, a financial platform for virtual lands in the Metaverse, we provide you with the latest stats and data on the overall state of the Metaverse market. Today, we will be discussing the OneLand Metaverse Market Analysis stats for the week of September 4th to September 10th.
According to OneLand’s 7-day data, the aggregate land market cap of 10 projects fell by 1.59% to 700,592 ETH, equivalent to a decrease of 3.27% to $1.133 billion in USD. This decline marks a turnaround from the previous four weeks of rising land market cap. Additionally, the total NFT cap also experienced a similar fall for the week, down by 1.37%.
ETH, the native cryptocurrency of the Ethereum blockchain, continued its month-long downward slide, ending the week with a 1.04% decrease at $1,616.77.
Decentraland, one of the major players in the Metaverse market, saw a significant drop of 8.35% in its land market cap. Although the sales count reached its highest point in two months with 18 sales, the prices were down by 69.6%. The top sale for Decentraland during this period was only 1.74 ETH.
On the other hand, Otherside experienced a much smaller decline in its market cap. Otherdeeds, the virtual land asset of Otherside, lost 0.49% of its market cap, which amounted to 1,677 ETH.
In terms of sales, Arcade had its highest sales count in three months, with a growth of 200%. The 7-day trading volume for Arcade also reached its highest point in two months, with a growth of 96.81%.
Worldwide Webb, another player in the Metaverse market, saw a retreat in sales numbers, trading volume, and prices. After the launch of its new Rugbusterz Rumble events, which led to a rise in all data metrics, the market returned to its recent norms with an 18.75% drop in sales numbers, a 75.92% drop in trading volume, and a 70.36% drop in prices.
HYTOPIA, a rising star in the Metaverse market, continued to impress with its average land parcel prices above the 2 ETH mark. Although there was a weekly dip of 15.4% in sales and a 28.6% dip in trading volume, the project’s land market cap increased by 7.1%.
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Please note that all investment and financial opinions expressed by NFT Plazas are based on personal research and experience and are intended as educational material only. It is important to conduct thorough research before making any kind of investment.
In conclusion, the Metaverse market experienced a decline in land market cap and ETH prices during the week of September 4th to September 10th. While some projects saw significant drops, others continued to impress with their performance. OneLand is committed to providing valuable insights and tools to help users navigate the evolving Metaverse landscape. Stay tuned for more updates from Metaverse Market Analysis!