OneLand Metaverse Market Analysis: July 10-16

Welcome to Metaverse Market Analysis! Every Monday we bring you the latest statistics and data on the overall state of the Metaverse market. This column is in partnership with the amazing team at OneLand, the financial platform for virtual lands in the Metaverse. This week, we bring you statistics from the OneLand metaverse market analysis for July 10-16, 2023.

Bet TheSandbox LAND and get 4.22%* APY. Wage $SAND and get 11.14%* APY (*2023.7.17)

OneLand 7 days data shows that the 10 listed projects’ VRE cap has fallen again (-0.1%) for the eighth straight week to 695,728 ETH (or $1,338 million). ETH climbed 3.24% to $1,923.69 as XRP rose cryptocurrency.

Meanwhile, the global NFT cap actually rose this week for the first time since May, rising 3.12% to 3.3 million ETH (or $6.34 billion, +5.14%), while trading volume fell 42.8%. .

LAND sales exploded in The Sandbox this week with the launch of the Infinite Pulse LAND sale on Friday. His 886 individual LAND trades pushed 7D’s trading volume up 383.31% to 273.94 ETH, pushing OneLand’s metaverse heat index into the red zone.

But prices, which appeared to be consistently falling, overcame a possible rise in the rand cap and rose just 0.33%, their first weekly gain since late May.

If you’re a believer in The Sandbox, you’ve just received notification that the landowner experience will be live before EOTY, so it might be a good idea to start watching closely.

Last week, Somnium Space’s volume increased significantly as plot 5089 (a limited edition plot containing a teleportation hub) traded for 6.0 ETH.

Most of the other projects’ 7D volumes were stable at best, but most suffered sharp declines. Decentraland, in the middle of Metaverse Art Week, made a dismal 7.9 ETH (-68.3%) despite the land cap rising in his fourth week.

Meanwhile, Otherdeeds trading volume (-43% at 234.3 ETH) has retreated again to just a third of what it was two months ago.

On the other hand, BYOLands volume fell by 74.7% after just five trades. But we won’t have to wait long to see if the launch of their long-awaited BYYO Racer game prompts a comeback.

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Check docs.oneland.world/ for an explanation of data calculations. Check oneland.world for metaverse market and project data.

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OneLand is a one-stop MetaHub offering Metaverse data and analytics, Land NFT Marketplace, LandFi Tools, and Metaverse MediaHub. Our mission is to make it easy for you to find, access, follow, research and invest in the Metaverse projects you love most.

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*All investment/financial opinions expressed by NFT PLAZA are based on the site moderator’s personal research and experience and are for educational material only. Individuals should thoroughly research any product before making any type of investment.

A financial platform for virtual land in the metaverse.