Virtual worlds trading volume grew 230% in February

The trading measurement for virtual worlds successful web3 recorded 229% maturation successful February and returned to its pre-Luna clang levels, according to DappRadar’s caller report.

During the month, the commercialized number doubled to scope 51,000, arsenic the DappRadar data revealed. The maturation was besides supported by investors, arsenic the gaming and metaverse abstraction raised a associated $148 cardinal successful funding.

Virtual lands

The study noted that the trading measurement of virtual lands has been increasing implicit the past fewer months, and it continued its maturation successful February arsenic well.

Virtual satellite trading measurement and income number (Source: DappRadar)

According to the data, the trading measurement of virtual onshore accrued to $145 cardinal successful February from $44 cardinal successful January, marking a 229% growth. The past clip the trading measurement recorded a alteration was successful November 2022. In December 2022 and January 2023, the trading measurement grew by 122% and 54%, respectively.

On the different hand, the income number wasn’t arsenic accordant with its maturation arsenic the trading volume. For example, adjacent though the income number recorded a 103% summation and reached 51,300 successful February, it decreased by 19% successful January.

Investments

According to the data, the gaming and metaverse abstraction had raised $156 cardinal successful backing successful January and remained steadfast connected the investments beforehand successful February by raising $148 million.

Distribution of funds (Source: DappRadar)

Over 65% of the full magnitude went straight to games and the metaverse, which equates to implicit $71 million. Infrastructure received the 2nd largest information astatine 26.1%, astir $46 million.

NFTs instrumentality to pre-winter levels.

The NFT marketplace besides showed parallelism to the metaverse and gaming’s maturation and returned to pre-luna clang levels successful February.

The NFT trading measurement recorded a 117% maturation successful February and accrued to implicit $2 billion. However, contempt the surge successful the trading volume, the NFT income number recorded a 31.46% alteration and fell to 6.3 cardinal successful February.

The contradiction betwixt the income counts and trading volumes indicates that the whales person played an progressive relation successful the commercialized measurement surge, some for the NFT marketplace and the metaverse.

The station Virtual worlds trading measurement grew 230% successful February appeared archetypal connected CryptoSlate.