Metaverse tokens up 400% year on year despite altcoin bloodbath By Cointelegraph

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Metaverse tokens up 400% year on year despite altcoin bloodbath

Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year on year.

Leading the gains are Decentraland’s MANA (up 41%), The Sandbox’s SAND (up 470%), Axie Infinity’s Shards (AXS) (up 511%), and Stepn’s GMT (up 746%), according to data from Kraken Intelligence and CoinGecko’s May 2022 market report. Metaverse tokens can be used to pay fees, buy land and participate in governance.

Metaverse tokens are up nearly 400% year on year. Source: Kraken Intelligence