While there are quite a few Metaverse coins on the market, a few have the highest value and highest trading volume. This article reviews the 5 most traded metaverse coins today, ranked by 24-hour trading volume from lowest to highest. Detail cryptocoin.com‘in.
5 metaverse coin projects
5. Enjin Coin (ENJ), $168 million: Founded in 2009, Enjin has established itself as a leader in NFT with its popular marketplace. ENJ is the ERC20 token that powers the Enjin Platform. Efinity is Enjin’s latest project, a next-generation blockchain for digital assets built on Polkadot. Efinity aims to be a hub for all exchangeable and immutable tokens, solving the challenge of facilitating the pricing and exchange of NFTs. According to the latest news, Enjin is working on their integration with ParallelFi, which will provide additional bonuses to Efinity crowd loan supporters at Polkadot parachain auctions. At the time of writing, the popular metaverse coin ENJ is trading at $2.36. It has a market cap of $1.94 billion and a 24-hour trading volume of $168 million.
4. Axie Infinity (AXS), $191 million: Axie Infinity is one of the most popular blockchain-based games, so popular that the team behind the game created a full blockchain specifically for the game. Its blockchain is called Ronin and is a sidechain of Ethereum. Axies are monsters with certain characteristics and can be upgraded or traded. Players can use their Axie to fight other players in an arena and earn rewards. Axie Infinity is an example of a game that has created its own ecosystem and is rising in value and popularity. It also includes an ERC-20 token (AXS), which is used as currency on the Axie Infinity platform. AXS allows you to interact with the platform, buy, sell and trade Axies. A big reason why AXS has had over $191 million in trading volume in the last 24 hours alone is because of its highly active marketplaces. Its market cap is $5.8 billion and AXS is currently trading at $95.
3. Vulcan Forged (PYR), $226 million: Vulcan Forged PYR is a blockchain game studio and NFT marketplace that migrated to the Polygon network in March 2021. Vulcan Forged allows users to play, build, collaborate, win and bring their ideas to life. PYR is the fastest growing blockchain game and dApp platform. Vulcan Forged has an NFT marketplace in its Metaverses with a wide variety of collectibles and items, as well as pieces of land. Note that since the market is in Polygon, users receiving PYR from Uniswap will need to connect the ERC-20 PYR to Polygon. PYR is currently on a 20% holiday sale and is currently trading at $16.76 with a 24-hour trading volume of $228 million. Its market cap is $333 million with a circulating supply of PYR 19.89 million.
Sandbox and Decentraland are also on the list
2. Sandbox (SAND), $764 million: Sandbox features a 3D Metaverse that allows users to purchase land and monetize it. Sandbox also offers a gamified experience with missions, games and challenges to earn rewards. Sandbox offers similar experiences and overall layout to Decentraland. Both have a central Hub that allows players to travel to different islands. Unlike Decentraland, which has been live since February 2020, The Sandbox recently released its Alpha on November 29. SAND announced on Twitter that it will soon form a partnership with UnderArmour and Stephen Curry. More details are scheduled to be released on December 21. SAND is the most traded Metaverse cryptocurrency today, with a 24-hour trading volume of $765 million. It has a market cap of $4.6 billion, making it the third largest Metaverse coin on this list.
1. Decentraland (MANA), $1.02 billion: Decentraland is an in-browser blockchain-based 3D Metaverse game that allows players to purchase land and explore its virtual universe. A variety of experiences are available, such as concerts, galleries, casinos, games to play and much more. Decentraland is one of the longest running Metaverse projects in the crypto space, which has been open to the public since February 2020. The only other project that comes close to what Decentraland has to offer is The Sandbox, which is currently in open alpha worth over $6.9 billion. Decentraland has updated its user interface in recent news, bringing individual user interfaces together in an “All in One” menu. Like The Sandbox, Decentraland has announced a partnership between UnderArmour and Stephen Curry. MANA is the most traded Metaverse coin today, with over $1 billion in trading volume. Its market cap is $5.97 billion, which shows how much interest there is in the project.
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