Q3 transaction volume for the top 10 Metaverse projects may be down 80% compared to Q2, but analytics firm Dappradar suggests interest in virtual worlds still remains.

The Metaverse sector has been hit with its fair share of negative press lately, particularly around suggested low user activity on certain platforms, such as Decentraland and Meta, reports they have refuted.

DappRadar noted in an Oct. 20 report that while trading volumes took a heavy hit during Q3, the average amount of NFT sales for these 10 projects was only down 11.55% compared to Q2. .

DappRadar explains that the lower trading volumes could simply reflect declining asset prices and not necessarily a lack of interest, noting that:

“We view this as a bullish sign…