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 8 – 14, 2023.
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OneLand 7-day data shows land market cap for the 10 listed projects down 4.65% to 756,821 ETH (or $1.362 billion). ETH fell 3.85% to $1,800.37.
7-day VRE trading volumes were down across the board last week, the main exception being TOPIA whose volume rose 140% only on account of a resumption in trading that followed its migration from NFT Worlds that concluded May 5.
Prices dipped too, bar the exceptions of BYOLands and TOPIA Worlds. Otherside, meanwhile, picked up a second big sale in consecutive weeks, with Otherdeed #85720 passing hands for 170 ETH.
Metaverse tokens $SAND (-9.1%), $MANA (-9.8%) and $WRLD (-14.2%) fell for a 5th straight week in line with the larger 7-day slide in the crypto market.
Meanwhile, over at The Sandbox, the Mega City 3 Land Sale kicked off May 11, leading to a flurry of sales. May 11 went on to register the project’s highest daily sales count (193) in 8 months, and highest 7-day count for the year. Overall, weekly sales almost doubled (+97%) those of the previous week.
For explanations of our data calculations, check docs.oneland.world/. For comprehensive metaverse market and project data, check oneland.world.
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