OneLand Metaverse Market Analysis: Nov 13 – 19

Welcome to Metaverse Market Evaluation! Each Monday, we carry you the newest stats and information on the state of the Metaverse market. In partnership with the unimaginable crew from OneLand, a monetary platform for digital LANDs within the Metaverse, this column brings the OneLand Metaverse Market Evaluation stats for Nov 13 – 19. 

OneLand 7D data exhibits combination LAND market cap for our 10 listed initiatives final week down 1.27% to 661,169 ETH (-1.01% to $1.33b).

Final week was a extra steady week within the general crypto & NFT markets. Volumes had been down, nonetheless not in sure metaverse LANDs.

Gross sales figures & buying and selling quantity soared 287% & 217% respectively with a midweek sell-off at HYTOPIA, doubtless not unrelated to the undertaking dispelling rumours of a transfer away from Web3. The outcome: HYTOPIA skilled its first 7D drop in its LAND cap (-6.01%) in 3mths (through which time its LAND cap has risen 49.6%).

Decentraland (-6.8%) shed over 9k ETH in LANDs cap, because it retains its deal with options and stay occasions, like the present DCL Music Pageant, a distinction to The Sandbox technique of digital LAND “sales” and video games.

Smaller metaverse initiatives, by way of digital actual property caps, additionally noticed heightened buying and selling final week.

Extra hype about Somnium Area’s VR headset led to a barrage of end-of-week trades, 7D gross sales & quantity booming 283% and 356% respectively.

Whereas at Treeverse, 6.21 ETH of buying and selling quantity on Sunday rounded out every week that noticed the sport’s high LAND sale in 6mths, with the common worth now up 118% prior to now month. Certainly, a better take a look at Treeverse information reveals a sample rising, with teams of merchants seemingly getting busy as soon as exterior of the Mon-Fri 9-5 grind.

The typical worth of an Otherdeed (*19*)was up 31.71% this week on the again of 4 trades that ranged in worth from 13.3 to fifteen ETH. It helped keep a much bigger 7D buying and selling quantity, whereas serving to Otherside’s land market cap keep north of 340k ETH.

Issues seem like warming up at Otherside, with Otherdeed costs on the rise.

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For explanations of our information calculations, verify docs.oneland.world/. For metaverse market and undertaking information, verify oneland.world.

OneLand is a 1-stop MetaHub — offering Metaverse information & analytics, LAND NFT market, LANDFi instruments and Metaverse MediaHub. Our mission is to make it straightforward to find, entry, keep tuned to, analysis and spend money on the metaverse initiatives you’re keen on most.

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