Decentraland
ATH / ATL
24h Price
24h summary
Over the last 24 hours, Decentraland moved from $0.0665 to $0.0671. The session high was $0.0691, the low was $0.0652, and the intraday range was $0.0039 / 5.9%.
- 24h open
- $0.0665
- 24h close
- $0.0671
- 24h high
- $0.0691
- 24h low
- $0.0652
- Volatility / range
- $0.0039 / 5.9%
- Updated
Monthly Returns heatmap
Heatmap summary
Decentraland posted 28 positive months out of 72. The longest positive streak lasted 4 months, while the longest negative streak lasted 7 months.
- Strongest month
- Mar 2021 +330.5%
- Weakest month
- Apr 2022 -45.2%
- Longest positive streak
- 4 Jan 2021 — Apr 2021
- Longest negative streak
- 7 Feb 2023 — Aug 2023
- Luckiest calendar month
- Mar • avg 48% • 6 mo.
- Unluckiest calendar month
- Jun • avg -20.9% • 6 mo.
Networks
Supported exchanges
About the coin
Decentraland is a decentralized virtual reality platform, empowering users to create, experience, and monetize content and applications. It operates on a blockchain, providing a unique digital real estate experience.
The native cryptocurrency of the Decentraland platform is MANA. MANA is an ERC-20 token that serves as the primary medium of exchange within the virtual world.
Within Decentraland, MANA can be used for a variety of purposes. Users can purchase LAND, which are non-fungible digital assets representing parcels of virtual real estate. These LAND parcels can then be developed and monetized.
Beyond LAND, MANA is also used to acquire wearables for avatars, and other in-world goods and services. This creates a vibrant economy within the metaverse.
Decentraland's architecture is built upon the Ethereum blockchain, leveraging its smart contract capabilities to manage ownership of LAND and the distribution of MANA.
However, MANA is also available on other blockchain networks, such as BNB Smart Chain, as a BEP-20 token. This multi-chain presence allows for greater accessibility and interoperability.
The platform is governed by its users through a decentralized autonomous organization (DAO). MANA holders can vote on proposals related to the platform's development, policies, and future direction.
This governance model ensures that Decentraland remains a community-driven project, with decisions reflecting the collective interests of its participants.
The creation of content within Decentraland is facilitated by a range of tools, including a world editor and an SDK. These tools allow creators to build interactive experiences, games, and art installations.
LAND owners have the freedom to develop their virtual plots as they see fit, from simple scenes to complex interactive applications. These can then be rented out, sold, or used to host events and generate revenue.
The concept of the metaverse, a persistent, interconnected set of virtual spaces, is central to Decentraland's vision. It aims to be a space where users can socialize, play, work, and create in a digital environment.
Decentraland's economic model is designed to foster a self-sustaining ecosystem. The scarcity of LAND, coupled with the utility of MANA, contributes to the value proposition of the platform.
The platform's development is ongoing, with a focus on enhancing user experience, expanding creative possibilities, and strengthening its decentralized governance.
Key aspects of Decentraland include:
- Decentralized virtual reality platform.
- MANA as the native cryptocurrency for transactions.
- Purchase and development of virtual LAND.
- User governance through a DAO.
- Tools for content creation and application development.
- Presence on multiple blockchain networks.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the MANAUSDT market feed.
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