Welcome to Metaverse Market Analysis! Every Monday we bring you the latest stats and data on the overall state of the Metaverse market. This column is in partnership with the incredible team from OneLand, a financial platform for virtual lands in the Metaverse. This week brings the OneLand Metaverse Market Analysis stats for June 5 – 11, 2023.
OneLand 7-day data shows total land cap for the 10 projects down 0.61% to 764,790 ETH in what was a volatile week for the market, albeit one which reminds us about the importance of self-custody.
In USD terms, land caps fell 7.8% to $1.34bn, reflecting similar falls in global NFT (-10.8%) and crypto (-7.4%) caps. For its part, ETH fell 7.27% to $1,753.08.
Total volume across the 10 projects rose 88% on last week.
114 ETH for LAND in The Sandbox on the eve of the K-Verse LAND Sale kicked off a flurry of trades, the gamified metaverse’s LANDs volume rising 382% to hit its highest daily trades since September.
Price performance mirrored that of trading volume for the top 3. Volumes rocketed 8-fold (+792%) at Worldwide Webb, but were up also at Otherside (+49%), Treeverse (+96%) and Somnium Space (+167%).
Metaverse tokens largely sold off with the launch of Apple’s new and pricey mixed-reality headset, contradicting any hype virtual world tokens would soar on the news. $MANA, $SAND & $AXS all shed 30+%.
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For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.
OneLand is a 1-stop MetaHub — providing Metaverse data & analytics, Land NFT marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned to, research and invest in the metaverse projects you love most.
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