OneLand Metaverse Market Analysis: May 22-28 – NFT Plazas

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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 May 22 – 28, 2023.

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OneLand 7-day data shows aggregate land market caps for the 10 listed projects down 0.44% to 772,997 ETH, or $1.475 billion (+5.3%), the divergence in ETH and USD terms a consequence of $ETH ending the week up 5.8%. Meanwhile, metaverse tokens $SAND (+13.7%) and $CUBE (+13.9%) also enjoyed a rally.

Project land caps were for the most part stable, with the notable exceptions of The Sandbox (which enjoyed its second consecutive weekly boost, +4.86%) and Decentraland (which suffered its fourth consecutive weekly drop, -5.7%).

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Land caps of The Sandbox and Decentraland are once again on par, with another flippening on the cards within days if the trend continues. The average price of a plot of land is also converging, supported by several high-priced sales in The Sandbox in recent weeks.

Meanwhile, BYOPills and Treeverse enjoyed dramatic booms in trading activity, with volumes soaring 642% and 416% respectively, while 7-day sales counts for all other projects (with the exception of Decentraland) ending the week down.

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For explanations of our data calculations, comprehensive metaverse market and project data,

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