Home NFTs OneLand Market Analysis Oct 16

OneLand Market Analysis Oct 16

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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 16 – 22.

Stake your The Sandbox LAND & earn 2.61%* APY. Stake your $SAND & earn 7.47%* APY (*10.23.2023) 

OneLand 7D data shows aggregate LAND  market cap for the 10 listed projects on OneLand rising by 3.27% to 678,221 ETH (+9.53% to $1.128bn).

Meta Rankings [7D] – Land Market Cap

The upsurge particularly in USD terms occurred on the back of a crypto rally of 6.86% – to $4.52bn – which saw $ETH rise a similar 6.8% to $1,664.32.

Most Metaverse tokens accordingly saw a positive week (with the exception of Somnium Space’s $CUBE), with $APECoin +6.75%, $SAND +6.9% & $TOPIA +26.38%.

Otherside LAND market cap rose by more than 12,000 ETH this week (+2.29%), and not too surprisingly, on the back of CEO Daniel Allegre stating that the Metaverse gaming project was now (finally?!) a priority.

Overall, it was a positive week economically speaking with a pickup in both sales (+31%) & trading volume (+68.1%) of Otherdeeds, which included a 2-month high sale of 15 ETH.

OneLand Market Analysis Oct 16
Market Cap & Volume [30D] – Otherside

Worldwide Webb’s announcement Wednesday of their exciting new play-test (which begins this Tuesday, almost exclusively to holders of Apartments) set off a relative barrage of trading, which led to its top daily sales count in more than 3 months.

There were no big priced or Penthouse sales, but both floor and average prices peaked, while volume soared 310.6%, as sales numbers (+225%) more than tripled from the previous week.

OneLand Market Analysis Oct 16
Sales peaked mid-week as Worldwide Webb announced its new playtest for Apartment holders.

With BYOPills fans now seemingly busy playing the BYORacer, spiked trading activity of the last 5-6 weeks in BYOLands subsided this week, as its 7D sales count & volume retreated 52.8% & 62.5% respectively.

OneLand Market Analysis Oct 16
Trade Plots [3M] – BYOLands

Meanwhile at HYTOPIA, records are being set each week as LAND market cap surpassed 20k in ETH for the first time, including a top sale of all time for the project at 12.88 ETH.

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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