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 Sept 11 – 17.
OneLand 7-day data shows 10-project land cap down 1.75% to 688,309 ETH (or -1.37% to $1.117 billion). $ETH rose minimally, up 0.39% to $1,623.08.
Meanwhile, 7D volume was up 30.44% (in USD, +29.02%) with Otherside sinking further to crash for the 1st time below 100 ETH! The Sandbox (76.88) and HYTOPIA (74.12 ETH) were hardly far behind.
Kicking off this week’s findings at BYOPills – & the past week’s data witnessed a frenzy of land sales. It’s not all clear, but the project’s Discord chatroom started buzzing Tuesday with talk of the anticipated BYORacer launch, then Thursday a tweet from founder DrEtherJay was a video showcasing the Racer in-device in what was BYOPills’ first tweet since Aug 24.
The result for BYOLands – sales boomed Tuesday, then went ballistic Sunday. 7D sales tallied 146 (+1,026%) & volume soared 1,384% to 8.79 ETH, its highest daily volume since almost the same time last year.
On the back-end of WorldwideWebb rolling out Rugbuster Rumblez in 3 parts in as many weeks for its gaming community, 7D land sales rose near 77% to hit 46, with volume seeing a return to the heights of a fortnight back (+386% to 14.11 ETH).
Penthouse #9024 moved wallets twice Thursday, first for 4.09 ETH then 4.68 ETH, in the space of a few hours, while the same thing happened to the same Apartment a fortnight ago (for 4.79 & 3.86 ETH).
At HYTOPIA, the project teased, then kicked off on Saturday its pre-registrations, in what appears a cleverly timed culmination of recent announcements on the game incl. its new blockchain.
What ensued was 160k+ sign-ups in just 36hrs, accompanied by higher 7D land metrics all round incl. sales (+40.9%), trade volume (+53.65%) & a top sale in 3mths (at 9.0 ETH). Meanwhile, land market cap pumped another 7.28%.
Native token $TOPIA also re-pumped, up 19.17% for the week, as the team issued warning of a, followed shortly after by an actual, burn of previous token $WRLD.
At Decentraland, native token $MANA had its first 7D price rise (albeit +3.57% only) in 10wks, while LANDs had a 2nd week running of cheap sales (avg. price 0.75 ETH) & low trade volume (-35.15%).
But at Arcade, it was a 2nd straight week of bumper sales (albeit combined with the lowest 7D prices in a long while) – down 16.67% from last week’s 36, with both days recording the highest daily sales counts since early July.
For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.
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Financial platform for virtual lands in the metaverse.