Monthly Metaverse Market Analysis: August 2022 | Cryptocurrency News

Welcome to Metaverse Market Analysis! Every Monday we bring you the latest stats and data on the overall state of the Metaverse market, and this week’s article is our monthly Metaverse market overview. This column is in partnership with The Incredible Team forestlandA financial platform for virtual lands in the metaverse.

Main characteristics:

  • Metaverse Real Estate Ends a Tough August, as Blue-Chip Projects Face a Huge Fall in Land Cap and Fall in Token Prices
  • Sandbox launches Alpha Season #3 in 10 weeks, hoping to improve land sales
  • Decentraland sees no way out of bear market
  • The World Wide Web flexes its muscles with a new NFT integration tool and copious partnerships

MMarket data and analysis

Things did not go well for the economies of the virtual world in August, with the total land limit of all 7 Metaverse projects listed on Oneland (sandbox, Decentraland, voxels, somnium space, worldwide web, NFT Worlds And On the other hand) decreased by 15.85% to 888,309 ETH, or $1.378 billion.

This represents a marked decline from the July 9.9% drop and the reversal of the global NFT market’s monthly results. Furthermore, this is the first time the total land limit of 7 projects has fallen below 1 million ETH On the other hand Entered the field on May 1.

The bulk of the decline, far worse in percentage terms than the crypto August performance, is clearly the result of blue-chip projects. On the other hand (-18.2%), sandbox (-18.6%) and Decentraland (-8.3%), none of whom had a good month. However, all the 7 projects faced a fall in the land limit, while only voxels And worldwide web There was an increase in business activities.

In contrast to the 54% jump in July, the price of ETH fell by 8.15%, which may have contributed somewhat to the result. In line with the downtrend, metaverse index At the end of the month at $34 fell 26%.

Metaverse Token – August 2022

Top Sales (by Metaverse) - August 2022
Top Sales (by Metaverse) – August 2022

metaverse projects

sandbox

sandbox

Trading volume for LANDs in sandbox The dive continued in August, down 40.6% on the back of a 30% drop in July. The average price of a parcel fell (-29.4%) to 1.61 ETH at the end of the month, putting pressure on the land cap, which dropped 18.6% to below 200,000 ETH for the first time since November. true – it was during a meteorite rise sandboxEven when the price of $ETH was triple what it is now, this only makes the comparison more obvious.

sandbox
The Sandbox: Market Value Trend and Land Price Trend (ETH) – September 2021 – August 2022

On August 24, Alpha Season 3 launched, making it the longest, largest and most accessible of all Alpha Seasons to date. as described in last week’s endingIt will be very interesting to see how this affects LANDs trading, given that the season lasts a full 10 weeks and a bear market deepens.

While there was no increase in sales in its first week, the last few days of August saw some of the highest price sales sandbox In one month, including one land for 19.98 ETH. Unique holders have also been up since the season’s launch, which could indicate a mid-June to mid-August decline.

Decentraland

DCL

No lag was observed in August from DecentralandBear market decline. Its land cap continues to suffer, falling 8.3% to 183,175 ETH, down from half its last peak in June. Another monthly drop in volume (-16.5%) doesn’t look healthy on the heels of July’s 80% plummet Decentralandeconomy of.

Although the number of sales remained the same as in July, both months failed to record a single day of volume in excess of 22 ETH; In comparison, it was a daily constant in June, with 145 ETH being the top trading day.

DCL
Decentraland: Trade Volume (ETH) and Unique Traders – September 2021 – August 2022

Top sales of 50, 44, 33, 25, 19 and 12 ETH were recorded in July, while the top sales of August were just 11.39 ETH (for one estate). Furthermore, it came as a 2-month rally in the price of MANA in the second half of August was down by 24.5% as compared to the beginning of the month.

The number of unique land holders continues to rise, MoM and WoW. Yet it is becoming more difficult to ascertain whether this represents a growing number of liquidations fueled by conviction from the community, cheaper parcel prices, or more cash-strapped. programs like the third edition of DecentralandArts Week is currently not seeing any major increases in foot traffic nor a resurgence in property sales.

voxels

voxels

That was enough to see a 9.7% increase in trading volume for the top selloff of 12.5 ETH on August 2nd voxels, but nothing else is positive. Sales were up for the month, but the average price fell 30% for the second month in a row, with its market cap rising another 2.54% in the south to just 16,645 ETH, a number last seen in November.

vxx
Voxels: Trade Plots (ETH) – August 2022

July’s decision to lay off staff and focus on its core product — pausing on promotions, partnerships and new land mints — bore some fruit in August, with the team releasing a series of technical updates. Nevertheless, neither the decision to lower its land cap, nor the burn party organized to display it, would be seen. voxels Still raise your head far above the waterline. However, gifting a bunch of $FOLK to around 12,000 wallets might not hurt. Meanwhile, the number of unique landholders continues to grow, a 2% increase for the month.

somnium space

somnium space

somnium space On the back of a very eventful July experienced a decrease in August. Perhaps founder Artur Sykov launches his new Web3 social media platform truthfulness On 19 August he took some of his attention and the attention of others away from his metaverse (something he was forced to deny Twitter), because the sale of land decreased after the announcement.

Overall, it was not a good month for Metaverse as trading volume dropped by 89% from 68 to just 38 ETH. With a 33% drop in the number of sales and a 15% drop in the average price, dreamIts land cap ended the month down 4.1 percent.

SS
Somnium Space: Market Value Trend and Land Price Trend (ETH) – August 2022

dreamThe U.S. economy has faced a bear market due to its native token CUBE, which crashed 93% from its ATH of $24.93 in February to sit below $2 today. The 40% drop in prices in the first week of August was short-lived, as did the price decline during the rest of the month (+9.1%). In terms of ETH, Somnium’s land cap crashed in March-April and has remained in the 13,000-14,000 ETH zone since then.

worldwide web

world Wide Web

Our information that the team was working hard in July appears to be correct as in August worldwide web Released a series of updates including a new integration tool, they say will increase the “1 million+” NFTs already integrated into the project. Last month, MeatBits, Moonbirds, Stecool, Dead Felage, The Doge Pound, Dippies and Picaroon, as well as PoAP’s NFT, were all added to the 2D virtual world. WorldwideWeb also released news of partnerships with Immutable X and GameStop.

The good news clearly affected trading activity, as sales numbers and volumes resumed from July, especially in the first half of the month. The highlight, of course, was a big 25 ETH sales Which changed the mood on August 3, noting that the last sale of close to this magnitude was for a 17.97 ETH back in May.

Nothing came close after that, a very rare occurrence of late for all projects with premium sales, except perhaps the other side. WorldwideWeb’s land cap still declined marginally at 1.36%, while land holders continued to decline gradually, dropping a further 0.55% for the month.

West Bengal
WorldwideWeb: Trade Volume and Land Price Trend (ETH) – August 2022
NFT Worlds

nftworlds

No economic recovery is visible yet NFT Worlds Since Minecraft’s ban on NFTs, however, signs are emerging that the team is hard at work after promising a new platform and releasing a new Tokenomics paper in late July.

In the last week of August the team launched a new dev channel in their Discord and filled it with a bunch of updates, as well as letting the public know that they would like to upgrade Minecraft content to ensure a smooth transition to the new game. Will maintain

Shown in red for all metrics in total NFT Worlds In August, the once major selloff calmed down with trading volume (-78%) and selling (-64%) the average price falling below 1 ETH. NFT WorldsThe land cap fell 19.8% to 34,184 ETH in August – a 57% drop from May and a 29% drop from July 20 when Minecraft banned NFTs.

nftw
NFT Worlds: Trade Plots (ETH) – August 2022
On the other hand

On the other hand

On the other handThe total land cap for the month fell 18.2% to 435,733 ETH, falling below half a million ETH for the first time. After a 22% increase in its average ETH price in July (a month in which ETH is up 54%) things turned out well this month, as there was a significant drop in trading activity. The top sells of other prized deeds have been falling of late, seeing only 3 sales from 50 ETH in August, down from 5 in July and over 10 in June.

Regardless, these prices plus On the other hand2,064 sales (-20.5%) and 7,334 ETH volume (-45.1%) not only dwarfed all other projects, but were enough to incredibly impact OtherDeeds’ all-time sales. $1.035 billion And, in doing so, bypass the NBA Top Shot to record the biggest NFT sales volume ever. Achieving such a result in its short 4-month history amid the crypto winter not only demonstrates the capital and strength of Era Labs, but also the pulling power of Metaverse.

On the other hand
Other Aspects: Market Cap and Volume (ETH) – August 2022

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