• Multiple metaverse projects are seeing low trading volumes amid a general market downturn.
• NFT land prices are also down 75% after a report of a drop in the number of daily users across major metaverse projects.
• NFT players and collectors are optimistic that the reported values ​​do not represent the value of their assets, expecting a surge when the broader market turns bullish.

The metaverse has been caught in the middle of crypto winter with declining trading volumes, a reduced number of daily users, and declining asset values.

Decentralized finance (DeFi) explorer DappRadar released its Q3 report on metrics for the top decentralized applications (DApps). According to the report, trade…