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 12 – 18, 2023.
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OneLand 7-day data shows total lands market cap for the 10 projects down 6.92% to 711,829 ETH (or $1.225 billion, -5.3%). For its part, $ETH fell 1.86% to $1,720.50.
In line with the downward trend in NFTs over the last couple weeks, sales counts and trading volumes were down significantly last week across all projects with the exceptions of TOPIA, which outperformed, and Arcade.
The bigger projects stumbled, Decentraland’s land cap falling by 5.2% and Otherside by 4.5%. While The Sandbox’s dipped by just 1.4%, it was still a challenging week for its economy, with an average price of just 0.371 ETH and meager top sale of only 1.2 ETH.
Over at TOPIA, the data tells the story of what have been some eventful weeks, in which they launched the migration from NFT Worlds, released a Master Plan to conquer Web2, deployed $TOPIA, plus launched governance and token swaps.
Last week’s introduction of Worlds staking (with incentives) saw trading volume at TOPIA soar 290% to 175 ETH.
Join us in our Discord for a community call — Tuesdays 4am UTC. Chat about virtual worlds, catch the latest data trends, learn how to stake your LANDs & $SAND.
For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.
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