Metaverse market cap hits $26 billion

The Metaverse sector has been growing in leaps and bounds since debuting in 2020. According to data presented by financepr.com, the Metaverse sector has attained a market capitalization of over $26B.

At press time, the sector had moved over $4 billion in 24 hours, growing its market share by 5.15 percent. All that is keeping with projections that it’ll grow at a CAGR of 41.7% between 2021 and 2030.

Financepr.com’s Edith Reads has been sharing her thoughts on the development. She says, ” The Metaverse has moved from being an abstract and niche concept into the physical world we live in. Virtual socializing platforms are increasingly gaining popularity driven by demand for digital ownership and simulated experiences.”

Top 3 Metaverse tokens

Decentraland’s MANA token leads the way in market cap terms. The premier metaverse token had a valuation of $4.52 billion at the time of writing. Again, it had a circulating supply of 1.8 billion MANA and moved over 235 million tokens worth nearly $583.5 million.

Sandbox (SAND) and Axie Infinity (AXS) take the second and third spots, respectively. The former had a market cap of $ 3.82B from a circulation of 925 million SAND. Again, it moved over 326 million tokens in 24 hours, valued at over $1.31B.

Meanwhile, the latter held a market cap of $3.16B after transacting over 10 million AXS ($554M in value). Moreover, its circulating supply crossed the 60.9M mark in that time.

The $14B cap group

Following in the fourth to the sixth position were Theta Network (THETA), Enjin Coin (ENJ), and WAX (WAXP). Whereas THETA’s market cap was $3.07B, ENJ’s surpassed the $1.57B mark, while WAXP’s hit the $644M valuation.

And rounding up the top ten are SushiSwap, Ontology, Illuvium, and Chromia. The four had a combined cap of over $1.6B. Another 175 tokens have a joint market cap of over $7.7B.

The full story and statistics can be found here: financepr.com/metaverse-market-cap-hits-26-billion/

 

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About Lisa Baker, Editor 2359 Articles
Lisa Baker is the Editor of Always Finance, and writes about Business, Finance Technology and Healthcare. Lisa is also the owner of Need to See IT Publishing.