NEWSLETTER
Welcome to Metaverse Market Analysis! Every Monday we bring you the latest statistics and data on the overall 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 from September 25 to October 1.
Support your TheSandbox LAND and earn 2.79% APY*. Stake your $SAND and earn 7.48%* APY (*10.2.2023)
Date OneLand 7D shows that the aggregate land cap for the 10 listed projects fell by 0.67% to 656,191.85 eth. But in dollar terms, the land capitalization rose 8.92% to $1.137 billion thanks to a 5.71% cryptocurrency rally that sent eth soaring 9.63% to $1,733.
Meta Rankings: Market Cap (7D)Looking closer, Otherside hit its lowest Otherdeeds land limit to date (-0.95% to 323.161 eth).
Ironically, it happened in the same week that Otherside enjoyed its highest volume in 3 full months (+102.5% to 265.95 eth). This, as average land prices fell to a low of 0.75 eth (but APEcoin at least rose 15.66% for its first 7D increase in 2 months).
Prices of other deeds fell in October: Commercial plots (3M)In contrast, on HYTOPIA, last week’s average price almost reached a whopping 3 eth per plot as its territorial limit continues to rise.
It’s an interesting comparison (see land price trends chart below), which warrants a more detailed comparative analysis of the two projects.
Land price trend: HYTOPIA and others (1 year)In The Sandbox, this was once again a case of land sales inducing trades, but at the expense of/supported by lower prices (average price -43.5% at 0.252 eth). Increased sales (+455%) and volume (+214.3%) did nothing to rescue LAND’s cap drop (-0.77% to 116,118 eth).
Meta Rankings: Trading Volume (7D)7D trading volume also increased on Decentraland (+617.4%): 6 Estates exchange wallets, incl. one for 7.47 eth – in the week they announced their upcoming Metaverse Music Festival 2023.
On Worldwide Webb, 7D sales recovered from a bad week and, with Penthouse 9054 moving wallets for 4.53 eth, 7D volume shot up 1,014%.
While on BYOPills and BYOLand prices rose 92.8% last week to 0.112 eth, as excitement builds for this week’s BYORacer launch.
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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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OneLand is a comprehensive MetaHub providing data and analytics from Metaverse, the 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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