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 February 20 -26, 2023.
OneLand 7-day data shows total land market cap for the 10 projects listed down 0.68% to 929,432 ETH or approx. $1.525 billion (-3%). This mirrored the 3% fall in the crypto market – $ETH fell by 2.47%, while $SAND, $MANA, $CUBE and $WRLD were also all down.
Context:
- The Sandbox launched its Voxel Madness Land Sale, however reaped little if no ROI for it, save for perhaps a piddly month-high sale of 89 ETH.
- Decentraland’s land cap (-9.4%) is down 26.2% since hitting a 6-month high of 290k ETH on Feb 1.
- Otherside’s land market cap continues to rally – up 27.3% since Nov 26, and another 4% for the week.
Highlight: Worldwide Webb
If 191 Apartment sales (62.17 ETH volume) on Sat 18th was a bumper trading day, then Thu 23rd was simply explosive. As per our Tweet, Worldwide Webb recorded an incredible 670 trades on Thursday, with volume skyrocketing 7,753% in just 24 hours, as news came hot off the press of Pantera Capital injecting $10 million into the project coffers.
336.12 ETH was its highest Daily Trading Volume in 10.5 months, while the day’s top sale of 16.88 was also its highest sale since Aug 3. Forgive us for wondering though…was it just one more Blurry sale to win more airdrop?
Worldwide Webb ended the week with 843 sales (+241%) and trading volume of 399.5 ETH (+412.6%), eclipsing that of The Sandbox (+1.18%) (which launched its Voxel Madness Sale on Tuesday, though with little in the way of positive sales data to show for it). Average price jumped 50.2%.
Still, land cap (-1.07%) was down, and so were holder numbers (-1.3%), though the top 1% upped their stake by 4.68% for the 7D. It indicates a consolidation from holders, buying at prices higher than in recent months, but still lower than those initially bought.
For explanations of our data calculations, check https://docs.oneland.world.
For comprehensive metaverse market and project data, check oneland.world.
Join us Tuesdays at 5am UTC (that’s Paris 6am, Beijing 1pm, Sydney 4pm) for a Metaverse Data Dive. In the process, we’ll show you how easy it is to navigate oneland.world and hone in on the data you want.
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*All investment/financial opinions expressed by us are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
