The top 10 metaverse tokens have helped push the metaverse market capitalization to over $26billion
Finding interactions via online virtual spaces appealing, an increasing number of crypto firms are drawn to Neal Stephenson's fictional concept of the Metaverse, pushing the market capitalization to an estimated $26billion.
The Top 10 Metaverse Tokens
Assisted by the top ten metaverse tokens, the market has skyrocketed by 5.15% - appreciating more than $4billion within 24 hours. It's estimated to rise at a CAGR of 41.7% between 2021 and 2030, according to data presented by financepr.com.
A list of the top ten tokens includes:
Decentraland's MANA token is first in the space. With a market capitalization of $4.52billion, having a circulating supply of 1.8 billion MANA, it has traded a volume of more than 235 million tokens worth an estimated $583.5million.
Sandbox and Axe Infinity
Sandbox (SAND) and Axe Infinity (AXS) have similarly caused the sphere to accelerate. Sand has reached a market cap of $3.82billion from a circulating supply of 925 million SAND tokens, with AXS holding a market cap of $3.16billion while transacting more than 10 million AXS tokens exceeding $554million in total.
Theta Network, Enjin Coin and Wax Metaverse
Theta Network's (THETA) market cap has further benefited the space, recently hitting $3.07billion. Followed by Enjin Coin (ENJ) surpassing $1.57billion and Wax Metaverse (WAX) reaching $644million.
Tokens with Similar Market Caps
Placing all tokens within the top ten, Sushiswap (SUSHI), Ontology (ONT), Illuvium (ILV) and Chromia (CHR) also have a combined cap of $1.6billion.