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Welcome to Metaverse Market Analysis! Every Monday we bring you the latest statistics and data on the overall state of the Metaverse market. This week’s article is a monthly metaverse market overview. This column one landMetaverse virtual land financial platform.
Things didn’t go well for the virtual world economy in August. There was a total land cap for all seven metaverse projects listed in OneLand (sandbox, Decentraland, voxel, somnium space, world wide web, NFT World When other side) decreased by 15.85% to 888,309 ETH, or $1,378 million.
This represents a significant drop from July’s 9.9% decline and a reversal of monthly results for the global NFT market. Moreover, it is the first time that the combined landcap of seven projects has fallen below his 1 million ETH. other side First time on May 1st.
The majority of the recession was much worse in percentage terms than crypto’s performance in August and is clearly the result of good projects. other side (-18.2%), sandbox (-18.6%) and Decentraland (-8.3%), not a good month. However, the land cap has been reduced for all seven projects. voxel When world wide web We have seen an increase in trading activity.
The 8.15% drop in the price of ETH, as opposed to its 54% rise in July, may have contributed somewhat to the results. In line with the downward trend, metaverse index fell 26% to end the month at $34.
Metaverse Token August 2022
Top Sales by Metaverse August 2022
LAND trading volume sandbox August continued its decline, falling 40.6% on the back of a 30% decline in July. The average parcel price fell (-29.4%), ending the month at a low level of 1.61 ETH, dropping 18.6% to drop below 200,000 ETH for the first time since November.Indeed it was during a meteor rise sandboxwhen the price of $ETH was three times what it is now, it only makes the comparison clearer.
Sandbox: Market Value Trend and Land Price Trend (ETH) September 2021 August 2022Alpha season 3 started on August 24th. This is the longest, largest, and most accessible of all alpha seasons to date.as described in Summary of last weekgiven that this season lasts 10 full weeks and is entering a bear market, it will be very interesting to see how that affects LAND trading.
After a slow first week of sales, the last few days of August saw an increase in sales. sandbox In one month including 1 LAND of 19.98 ETH. Unique holders have also increased since the start of the season, which may indicate a recovery from the drop from June to mid-August.
No suspension from August Decentralandbear market slide. Its land cap continues to suffer, declining another 8.3% to 183,175 ETH, below half of its last peak in June. The decrease (-16.5%) does not look healthy. Decentralandeconomy.
The number of sales was similar to July, but both months did not record a single day of volume above 22 ETH. By comparison, this was his June daily constant, with a high trading day of 145 ETH.
Decentraland: Trading Volume (ETH) and Unique Traders September 2021 August 2022July recorded peak sales of 50, 44, 33, 25, 19 and 12 ETH, while August’s peak was only 11.39 ETH (for estates). Also, MANA’s price collapsed in his late August, down 24.5% from the beginning of the month.
The number of unique landowners continues to grow in MoM and WoW.However, it is becoming increasingly difficult to ascertain whether this is a firm belief from the community, lower parcel prices, or an increase in liquidations by those suffering from a lack of funds. Decentraland‘s art week is currently neither resulting in a significant increase in foot traffic nor a resurgence in property sales.
The top sale of 12.5 ETH on August 2nd is voxel, but nothing else too positive. Sales increased for the month, but the average price fell 30% for the second month in a row, and the market cap fell another 2.54% to his 16,645 ETH, a figure last seen in November. became.
Voxel: Trade Plot (ETH) August 2022July’s decision to lay off staff and focus on the core product – suspending promotions, partnerships, and new Land Mints – was met with several real-world results as the team released a series of technical updates in August. Still, we don’t see a decision to reduce the land cap, nor a burn party held to showcase it. voxel Still raising the head well above the waterline. However, it doesn’t hurt to give $FOLK to around 12,000 wallets. Meanwhile, the number of unique landowners continues to grow, increasing by another 2% month over month.
somnium space After a very eventful July, it experienced a sharp decline in August. Perhaps founder Artur Sychov has launched his new Web3 social media platform. Authenticity On August 19th, he and others were distracted from the Metaverse (which he was forced to deny). twitter), as land sales declined after the announcement.
Overall, it wasn’t a great month for the Metaverse as trading volume decreased by 89% from 68 ETH to just 38 ETH. A 33% drop in sales and a 15% retreat in average prices SomniumThe land cap ended the month down 4.1%.
Somnium Space: Market Value Trends and Land Price Trends (ETH) August 2022SomniumThe economy is suffering from a bear market as native token CUBE plunged 93% from February’s ATH of $24.93 to below $2 today. The 40% price gain in the first week of August was short-lived, with prices falling throughout the rest of the month (+9.1%). As for ETH, Somnium’s landcap collapsed in March-April and has remained in the 13,000-14,000 ETH zone since then.
Our guess that the team worked hard in July was just as correct as it was in August. world wide web It has released a series of updates including new integration tools that they say increase the over a million NFTs already integrated into the project. His NFTs from Meetbits, Moonbirds, Staycool, Dead Fellaz, The Doge Pound, Dippies, Picaroons, and POAP were all added to the 2D virtual world last month. WorldwideWebb also released news of partnerships with Immutable X and GameStop.
The good news has clearly impacted trading activity, with sales numbers and trading volumes recovering from July, especially in the first half of the month.Of course the highlight was big 25 ETH Sale The last sale close to this scale was 17.97 Ethereum It dates back to May.
Nothing came close after this. It’s very rare for any project to have a late premium sale, except maybe Otherside. WorldwideWebb land cap still suffered a small drop of 1.36% However, landownership continued to decline gradually, dropping another 0.55% over the month.
WorldwideWebb: Trading Volume and Land Price Trends (ETH) August 2022
No economic recovery in sight NFT world After Minecraft banning NFTs, promising a new platform and releasing a new tokennomics paper at the end of July, there are at least signs that the team is working hard.
In the last week of August, the team launched a new development channel on Discord to fill it with a number of updates while informing the public that they will maintain Minecraft content to ensure a seamless transition to the new game. Did.
Overall, all metrics were displayed in red NFT World Trading volumes (-78%) and sales (-64%) plummeted in August as the massive sell-off subsided and the average price fell well below 1 ETH. NFT worldThe land limit was reduced by 19.8% in August to 34,184 ETH. This is down 57% from May and 29% from July 20, when Minecraft banned his NFTs.
NFT Worlds: Trade Plots (ETH) August 2022
other sidetotal landcap fell 18.2% this month, ending the month at 435,733 ETH, falling below 500,000 ETH for the first time. Things rectified this month as trading activity dropped significantly after the average ETH price rose 22% in July (the month ETH rose 54%). Valuable Otherdeeds top sales have been declining in the second half, with August seeing only 3 sales over 50 ETH, 5 in July, down from 10+ in June. I’m here.
Anyway, plus for these prices other side‘s 2,064 sales (-20.5%) and 7,334 ETH volume (-45.1%) not only overwhelmed all other projects, but was enough to set Otherdeeds’ all-time record sales. $1.035 billion In doing so, it bypasses the NBA top shot and records the largest NFT sales volume in history. Achieving such results in a short 4-month history in the middle of cryptocurrency winter not only demonstrates the capital and power of Yuga Labs, but also the traction of the Metaverse itself.
Other: Market Cap and Volume (ETH) August 2022Follow Oneland >> twitter
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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Metaverse virtual land financial platform.
