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OneLand Metaverse Market Analysis: Oct 9 – 15 Trending Crypto News

OneLand Metaverse Market Analysis: Oct 9 – 15
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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 Oct 9 – 15.

Stake your The Sandbox LAND & earn 3.09%* APY. Stake your $SAND $ earn 7.47%* APY (*10.16.2023)

OneLand 7D data shows aggregate LAND cap for the 10 projects listed up 0.37% to 656,739 ETH (-3.6% to $1.03bn).

Looking closer – Decentraland saw a positive turnaround (+4.24%), while Otherside sunk to its lowest LAND cap to date.

Meta Rankings – Market Cap (7D)

$ETH fell significantly for a second week, dropping another 4.6% to $1,558.31, helping to drag down NFT values (total NFT cap -0.75% to 2.65m ETH, -4.94% to $4.23b USD). Most Metaverse tokens, incl. $SAND (-3.33%), $MANA (-3.33%), $APE (-1.73%) & $TOPIA (-13.77%) all fell.

HYTOPIA pulled in its highest LAND parcel sale of all time, with #881 exchanging wallets for 11 ETH. The average price last week remained a very strong 2.7 ETH, while the floor price hit an incredible 1.9 ETH!

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The 3-month view of LAND sales paints a clear picture – HYTOPIA (3M)

Not sure if it is due to Otherside degens too busy playing LOTM or laid-off Voyagers halting trading, but last week’s sales of Otherdeeds plummeted to just 60 trades and only 62.1 ETH in trading volume (-74.62%).

Meanwhile, the Otherside LAND cap (-0.68%) keeps sinking this week to 321,864 ETH.

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20+ ETH sales, hundreds of weekly sales of Otherdeeds have faded from view

Somnium Space’s big VR1 update seemed to do the trick, the VR Metaverse project enjoying a second straight week of busy LAND trading, and with no especially high-priced purchases to account for – both weeks raking in 10+ ETH.

The vast majority of sales occurred over a busy weekend, with Sunday recording Somnium Space’s highest daily trading volume in 6 weeks.

Oct 9 15 1 Word 16 10 2023 08 49 47
Trade Plots – Somnium Space (7D)

For explanations of our data calculations, check docs.oneland.world/. For Metaverse market and project data, check oneland.world.

OneLand is a 1-stop MetaHub — providing Metaverse data & analytics, LAND NFT marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned to, research and invest in the Metaverse projects you love most.

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*All investment/financial opinions expressed by NFT Plazas 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.


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