DappRadar’s latest report revealed that Metaverse’s growth is driven by demand despite the current bear market conditions.

The report took the data on land sales and trading volumes from the third quarter of 2022. Although the numbers were still down, it was lower compared to the broader crypto market. The report concluded that the demand for Metaverse-related projects remains high enough to fuel its growth.

virtual worlds

The numbers show that the trading volume of all virtual worlds decreased by 91.61% in the third quarter of 2022, going from 893 million dollars to around 83 million dollars. The report noted that the high second-quarter trading volume is primarily the result of hype surrounding the sale of Otherside Land.

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