OneLand Metaverse Market Analysis: Oct 16 – 22

Welcome to Metaverse Market Evaluation! Each Monday, we deliver you the most recent stats and knowledge on the general state of the Metaverse market. This column is in partnership with the unbelievable crew from OneLand, a monetary platform for digital LANDs within the Metaverse. This week brings the OneLand Metaverse Market Evaluation stats for Oct 16 – 22.

Stake your The Sandbox LAND & earn 2.61%* APY. Stake your $SAND & earn 7.47%* APY (*10.23.2023) 

OneLand 7D data reveals combination LAND  market cap for the ten listed initiatives on OneLand rising by 3.27% to 678,221 ETH (+9.53% to $1.128bn).

The upsurge notably in USD phrases occurred on the again of a crypto rally of 6.86% – to $4.52bn – which noticed $ETH rise an analogous 6.8% to $1,664.32.

Most Metaverse tokens accordingly noticed a optimistic week (excluding Somnium Area’s $CUBE), with $APECoin +6.75%, $SAND +6.9% & $TOPIA +26.38%.

Otherside LAND market cap rose by greater than 12,000 ETH this week (+2.29%), and never too surprisingly, on the again of CEO Daniel Allegre stating that the Metaverse gaming undertaking was now (lastly?!) a precedence.

Total, it was a optimistic week economically talking with a pickup in each gross sales (+31%) & buying and selling quantity (+68.1%) of Otherdeeds, which included a 2-month excessive sale of 15 ETH.

Worldwide Webb’s announcement Wednesday of their thrilling new play-test (which begins this Tuesday, nearly solely to holders of Residences) set off a relative barrage of buying and selling, which led to its high day by day gross sales depend in additional than 3 months.

There have been no massive priced or Penthouse gross sales, however each flooring and common costs peaked, whereas quantity soared 310.6%, as gross sales numbers (+225%) greater than tripled from the earlier week.

With BYOPills followers now seemingly busy enjoying the BYORacer, spiked buying and selling exercise of the final 5-6 weeks in BYOLands subsided this week, as its 7D gross sales depend & quantity retreated 52.8% & 62.5% respectively.

In the meantime at HYTOPIA, information are being set every week as LAND market cap surpassed 20k in ETH for the primary time, together with a high sale of all time for the undertaking at 12.88 ETH.

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For explanations of our knowledge calculations, examine docs.oneland.world/. For Metaverse market and undertaking knowledge, examine oneland.world.

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

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