Welcome to Metaverse Market Analysis! Every Monday, we bring you the latest statistics and data on the general state of the Metaverse Market. This column is in partnership with the amazing team at OneLand, a financial platform for virtual LANDs in the Metaverse. This week brings OneLand Metaverse market analysis statistics for October 16-22.
Support your LAND The Sandbox and earn 2.61% APY*. Stake your $SAND and earn 7.47%* APY (*23.10.2023)
Date OneLand 7D shows the aggregate market capitalization of LAND for the 10 projects listed in a land increasing by 3.27% to 678,221 eth (+9.53% to $1,128 million).
MetaRanking (7D): real estate market capitalization
The rise, especially in dollar terms, came thanks to a cryptocurrency rally of 6.86% (to $4.52 billion), which sent $eth up a similar 6.8% to $1,664.32.
Consequently, most Metaverse tokens had a positive week (with the exception of Somnium Space’s $CUBE), with $APECoin +6.75%, $SAND +6.9% and $TOPIA +26.38% .
On the other hand, LAND’s market cap increased by over 12,000 eth this week (+2.29%), and it’s not too surprising, thanks to CEO Daniel Allegre stating that the Metaverse gaming project was now ( finally?!) a priority.
Overall, it was a positive week economically, with a rebound in both sales (+31%) and trading volume (+68.1%) for Otherdeeds, which included a 2-month high sale of 15 eth.
Market capitalization and volume (30D) – Other aspects
Worldwide Webb’s announcement on Wednesday of its exciting new play trial (which begins this Tuesday, almost exclusively for apartment owners) triggered a relative flurry of trading, leading to its highest daily sales count in over 3 months.
There were no big Penthouse prices or sales, but both minimum and average prices peaked, while volume soared 310.6%, as sales figures (+225%) tripled from The last week.
![OneLand Market Analysis October 16](https://technicalterrence.com/wp-content/uploads/2023/10/1698059051_595_OneLand-Market-Analysis-October-16.png)
![OneLand Market Analysis October 16](https://technicalterrence.com/wp-content/uploads/2023/10/1698059051_595_OneLand-Market-Analysis-October-16.png)
With BYOP pickups fans now apparently busy playing BYORacer, increased trading activity from the last 5 to 6 weeks on BYOLands declined this week, as its 7D sales count and volume fell 52.8% and 62.5% respectively.
Commercial Plots (3M) – BYOLands
Meanwhile, over at HYTOPIA, records are being set every week as LAND’s market cap surpassed 20,000 in eth for the first time, including the all-time highest sale for the project at 12.88 eth.
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For explanations of our data calculations, see docs.oneland.world/. For Metaverse market and project data, see oneland.world.
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One Earth is a comprehensive MetaHub providing data and analysis from Metaverse, LAND nft marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned, research, and invest in the Metaverse projects you love most.
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*All financial/investment opinions expressed by nft Plazas come from the personal research and experience of our site moderators and are intended to be educational material only. People should thoroughly research any product before making any type of investment.
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Financial platform for virtual lands in the metaverse.
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