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 (MANA) up 41%, Sandbox (SAND) up 470%, (AXS) up 511%, and STEPN (GMT) up 746% according to data from the May 2022 market report by Kraken Intelligence and CoinGecko. Metaverse tokens can be used to pay fees, buy land, and participate in governance.

Kraken Intelligence reveals that Metaverse tokens are up 400% year-on-year