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 Sept 4 – 10.
OneLand 7-day data reveals 10-project aggregate land market cap fell 1.59% to 700,592 ETH (or -3.27% to $1.133 billion), marking a turnaround from the previous 4 weeks of rising lands market cap. Total NFT cap experienced a similar fall for the week, down by 1.37%.
For its part, ETH continued on its now month-long downward slide, ending the week down 1.04% at $1,616.77.
Decentraland was the major culprit as its LANDs cap dropped 8.35%, as sales count (18) was at its highest for 2 months but with prices down, by 69.6%, among them a meagre top sale of only 1.74 ETH.
Over at Otherside, and the market cap of Otherdeeds (-0.49%) shed a mere 1,677 ETH, compared to Decentraland’s 14,859 ETH.
Arcade enjoyed its highest sales count (+200%) in 3 months and highest 7D volume (+96.81%) in 2 Months.
Meanwhile, at Worldwide Webb, sales numbers (-18.75%), trading volume (-75.92%) and prices (-70.36%) all retreated to recent norms following last week’s launch of its new Rugbusterz Rumble events which had seen rises across all data metrics.
HYTOPIA continues to impress. Though sales (-15.4%) and volumes (-28.6%) dipped on a weekly basis, average land parcel prices stand firmly above the 2 ETH mark while the project’s lands cap continues its rise (+7.1%).
For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.
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