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Monday, June 17, 2024

OneLand Metaverse Market Evaluation: July 31 – Aug 6

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Welcome to Metaverse Market Evaluation! Each Monday we carry you the most recent stats and knowledge on the general state of the Metaverse market. This column is in partnership with the unimaginable group from OneLand, a monetary platform for digital lands within the Metaverse. This week brings the OneLand Metaverse Market Evaluation stats for July 31 – Aug 6.

Stake your TheSandbox LAND & earn 3.29%* APY. Stake your $SAND & earn 9.33%* APY (*8.7.2023)

7-day knowledge reveals VRE market cap for the ten tasks on OneLand falling for an eleventh straight week, this time by 0.8% to 662,614 ETH (or -2.58% to $1.211 billion). Notably, not one of the 10 tasks’ land caps have been within the inexperienced.

Total international NFT market cap (down 21.6% since this time in June) held comparatively regular for the week, down 0.32% at 3.09 million ETH. In the meantime, $ETH’s value fell 1.85% to $1,827.24.

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OneLand Metaverse Market Analysis July 30 - Aug 6
Meta Rankings – VRE Market Cap (7D)

Buying and selling volumes have been a blended bag, with Decentraland (+40.5%) having fun with somewhat extra exercise than in current weeks, whereas there have been additionally minimal will increase for The Sandbox, Worldwide Webb and Treeverse.

Final week, Somnium Area’s large V3 replace prompted a flurry of Land Parcel gross sales (+650% for the week), notably 10 on Thursday (albeit seemingly all from the identical purchaser?) – its highest day by day gross sales rely since April 2022!

7-day quantity thus soared (+391.5% to 10.59 ETH), whereas its native token $CUBE additionally loved an increase (+7.56%) regardless that almost all different crypto and metaverse tokens (incl. $ETH, $MANA, $SAND & $APEcoin) fell.

OneLand Metaverse Market Analysis July 30 - Aug 6
Somnium Area’s V3 Replace led to its largest day by day gross sales rely of land parcels in 15 months.

The typical value of an Otherdeed continues to slip, this week falling under the 1 ETH mark (-13.17%) approx. half of its worth simply 2 months again.

Gross sales numbers and buying and selling volumes at Otherside mirror the present NFT market, its high sale this week simply 8.99 ETH. In the meantime, common weekly high gross sales have plunged from 103 ETH in Could, to 19.13 ETH in June, then 10.1 ETH in July.

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OneLand Metaverse Market Analysis July 30 - Aug 6
Costs at Otherside have been on a rocky spiral downwards since launch. Will they hit a backside?

For explanations of our knowledge calculations, verify docs.oneland.world/. For metaverse market and mission knowledge, verify oneland.world.

OneLand is a 1-stop MetaHub — offering Metaverse knowledge & analytics, Land NFT market, LandFi instruments and Metaverse MediaHub. Our mission is to make it straightforward to find, entry, keep tuned to, analysis and spend money on the metaverse tasks you like most.

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*All funding/monetary opinions expressed by allskynews are from the private analysis and expertise of our website moderators and are meant as instructional materials solely. People are required to completely analysis any product prior to creating any type of funding.

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