OneLand Metaverse Market Analysis: July 31 – Aug 6

Welcome to Metaverse Market Evaluation! Each Monday we convey you the newest stats and knowledge on the general state of the Metaverse market. This column is in partnership with the unbelievable staff from OneLand, a monetary platform for digital lands within the Metaverse. This week brings the OneLand Metaverse Market Evaluation stats for July 31 – Aug 6.

Stake your TheSandbox LAND & earn 3.29%* APY. Stake your $SAND & earn 9.33%* APY (*8.7.2023)

7-day knowledge reveals VRE market cap for the ten initiatives on OneLand falling for an eleventh straight week, this time by 0.8% to 662,614 ETH (or -2.58% to $1.211 billion). Notably, not one of the 10 initiatives’ land caps have been within the inexperienced.

General international NFT market cap (down 21.6% since this time in June) held comparatively regular for the week, down 0.32% at 3.09 million ETH. In the meantime, $ETH’s value fell 1.85% to $1,827.24.

Buying and selling volumes have been a combined bag, with Decentraland (+40.5%) having fun with somewhat extra exercise than in latest weeks, whereas there have been additionally minimal will increase for The Sandbox, Worldwide Webb and Treeverse.

Final week, Somnium House’s large V3 replace prompted a flurry of Land Parcel gross sales (+650% for the week), notably 10 on Thursday (albeit seemingly all from the identical purchaser?) – its highest every day gross sales rely since April 2022!

7-day quantity thus soared (+391.5% to 10.59 ETH), whereas its native token $CUBE additionally loved an increase (+7.56%) regardless that the majority different crypto and metaverse tokens (incl. $ETH, $MANA, $SAND & $APEcoin) fell.

The common value of an Otherdeed continues to slip, this week falling beneath the 1 ETH mark (-13.17%) approx. half of its worth simply 2 months again.

Gross sales numbers and buying and selling volumes at Otherside mirror the present NFT market, its high sale this week simply 8.99 ETH. In the meantime, common weekly high gross sales have plunged from 103 ETH in Might, to 19.13 ETH in June, then 10.1 ETH in July.

For explanations of our knowledge calculations, verify docs.oneland.world/. For metaverse market and challenge knowledge, verify oneland.world.

—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 put money into the metaverse initiatives you’re keen on most.

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*All funding/monetary opinions expressed by NFT Plazas are from the non-public analysis and expertise of our web site moderators and are supposed as academic materials solely. People are required to completely analysis any product prior to creating any form of funding.

Monetary platform for digital lands within the metaverse.