Is Metaverse popularity decreasing?

DappRadar reports suggest that demand for the Metaverse remains strong despite the drop in trading volume.

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Metaverse-based tokens have lost an average of 60% in value amid economic uncertainty.

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Virtual worlds trading volume dropped 91.61% to $90 million in Q3. But number of land sales decreased 37.54% quarter-over-quarter, suggesting that enthusiasm for these types of projects hasn't waned much.

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Trading volume for the top 10 Metaverse projects decreased by an average of 80% from Q2, while sales numbers decreased by an average of only 11%.

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In terms of user data or number of unique wallet addresses interacting with dApp smart contracts (UAW), The Sandbox and Decentraland were the most active metaverse platforms throughout the year.

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Sandbox Alpha Season 3 hosted over 90 experiences and was joined by 4 million registrants. This has resulted in a 190% consecutive increase in platform sales.

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Metaverse is a combination of two worlds, virtual reality and mixed reality, that users can interact with virtually when accessed through a browser or headphones.

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