Data and analytics platform DappRadar said that even though the transaction volumes of metaverse projects have decreased, the interest in the field has not decreased.
According to the report published by DappRadar on October 20, metaverse trading volume is in the third quarter. 91.6% decrease by living 90 million dollars declined. Land sales are compared to the previous quarter. It fell 37.5%. According to DappRadar, land sales do not decrease that much compared to transaction volume, “the interest has not decreased that much” means.
The platform expressed this situation as follows:
It seems that the excitement for such projects has not waned. The decline in the crypto money market affected the transaction volume of the projects.
The transaction volume of the top 10 metaverse projects is compared to the second quarter. fell 80% but average sales only 11% drop showed. Great metaverse project Decentraland from 97,000 Although they have a lot of land 0.7% listed and sold.
The Sandbox in third quarter sales as large as 190% Otherdeed for Otherside, the metaverse project by Bored Ape Yacth Club (BAYC) developer Yuga Labs, has seen an increase in sales. 74%, Decentraland 47% drop lived. The Sandbox, in a post it made recently, is in a 30-day period. 201,000 monthly active stated that they reached the user.
The native tokens of metaverse-focused projects averaged over this period. 60% suffered a loss in value.