Projects in the Metaverse segment such as MANA and ENJ have had an impressive recovery recently.
Metaverse-related projects are experiencing strong growth in the first months of 2023 and are somewhat outperforming the decentralized finance (DeFi) segment.
Specifically, metaverse projects such as: Enjin Coin (ENJ) , Axie Infinity (AXS) , Decentraland (MANA) , The Sandbox (SAND) and Apecoin (APE) have all skyrocketed in the past 30 days and from the beginning of the year to now.
According to the Index Coop’s Metaverse Index (MVI), the entire Metaverse sector is up 105% year-to-date and 62% in the past 30 days.
This shows that investors are increasingly interested in the metaverse, which they believe could be a segment with high growth potential in the market.
Decentraland’s MANA is leading the growth in metaverse projects with a 150% year-to-date increase and a 90% increase in the last 30 days, Enjincoin has grown more than x2x since the beginning of 2023,
Sandbox’s SAND has also doubled this year along with GMT, Axie Infinity’s AXS and Yuga Labs’ Apecoin also having boomed again but with less gains, up 48% and 73% respectively.
Whereas Bitcoin is only up 39% year-to-date and about 30% in the last 30 days, for Ethereum it is 38% year-to-date and 25% in the last 30 days.
The growth of Metaverse in early 2023 is somewhat outperformed that of DeFi, DeFi array assets such as Uniswap ( UNI ), aave ( AAVE ), Pancakeswap ( CAKE ), Curve ( CRV ), Synthetix ( SNX ) average growth of about 42% over the past 30 days and 63% in 2023.
The boom again of Metaverse in the early part of 2023 can be traced to the fact that the big players are constantly stirring up this market, typically Microsoft’s claim to improve the user experience through the metaverse or Apple recently. revealed to be participating in the metaverse in the near future.