Metaverse tokens up 400% year on year despite altcoin bloodbath
A new report from Kraken Intelligence reveals that metaverse tokens were one of only two categories of cryptocurrencies that saw year-on-year growth in prices. Leading the gains are Decentraland’s MANA (up 41%), The Sandbox’s SAND (up 470%), Axie Infinity’s Axie Infinity Shards (AXS) (up 511%), and Stepn’s GMT (up 746%).
Despite slumping prices across the market, usership among those games has remained consistent at about 1 million users per day, according to data from decentralized application tracker DappRadar.