Decentraland price

in EUR
€0.28492
+€0.0080116 (+2.89%)
EUR
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Market cap
€546.00M #81
Circulating supply
1.92B / 2.19B
All-time high
€5.028
24h volume
€29.67M
3.7 / 5
MANAMANA
EUREUR

About Decentraland

MANA is the cryptocurrency powering Decentraland, a virtual world built on blockchain technology where users can buy, sell, and explore digital land and creations. Think of it as a decentralized version of online gaming or social platforms, where ownership and transactions are secured by blockchain. MANA is used to purchase virtual real estate, goods, and services within Decentraland, making it essential for participating in this growing digital economy. Whether you're interested in virtual art, gaming, or social experiences, MANA enables you to engage with a vibrant, user-owned metaverse. Its real-world utility and connection to a thriving creative community make it a unique token in the crypto space.
AI-generated
Gaming
NFT
CertiK
Last audit: Oct 28, 2021, (UTC+8)

Decentraland’s price performance

13% better than the stock market
Past year
+23.99%
€0.23
3 months
+27.01%
€0.22
30 days
+5.55%
€0.27
7 days
+4.69%
€0.27
Decentraland’s biggest 24-hour price drop was on Oct 31, 2021, (UTC+8), when it fell by €2.356 (-55.61%). In Oct 2021, Decentraland experienced its biggest drop over a month, falling by €3.666 (-86.50%). Decentraland’s biggest drop over a year was by €4.964 (-98.73%) in 2021.
Decentraland’s all-time low was €0.01108 (+2,471.53%) on Mar 13, 2020, (UTC+8). Its all-time high was €5.028 (-94.34%) on Nov 25, 2021, (UTC+8). Decentraland’s circulating supply is 1,919,181,097 MANA, which represents 87.50% of its maximum circulating supply of 2,193,179,327 MANA.

Decentraland on socials

13yr old with a credit card
13yr old with a credit card
Barry finds a coin every cycle and gets attached to it. Bittensor this cycle, Mana last one, then Zec
Decentraland
Decentraland
As natural habitats come under threat, Capybara Sanctuaries become an important refuge for dislocated Capy populations. Touch grass with Capybara’s at @sabatobox’s Capybara Sanctuary #2, opening at Decentraland Art Week, September 24 - 27.
TVBee
TVBee
What we play with is the bubble; without the bubble, what do we play with? Let's try to find the bubble code? ┈┈➤ What is a bubble? A bubble is an exponential effect. As time goes on and funds flow in, the price of tokens accelerates. A project worth 100,000 can become 1 million, 10 million, 100 million... or even more after going public; this is an exponential bubble. ┈┈➤ The base number is equally important. The base number must be large enough for the exponential effect to be greater; 10^10=100 billion. The base must be greater than 1; otherwise, 0.5^10=0.0009765625, which is basically zero... The base number refers to the fundamentals of the project, such as technology, products, etc. ┈┈➤ The path to finding the bubble code. A bubble without fundamentals is 0.01^n=0; this is the logic behind most MEME coins going to zero. A fundamental without a bubble is just 10 at best; this is the state of some tech projects. Studying technology and products is essentially about finding opportunities where the base number is greater than 1. Want to get rich? Next, you need to study the operational capabilities of projects, looking for those that can drive the bubble index more! ┈┈➤ Examples and exploration of the bubble code. ╰┈⯈ Track-driven bubble $LINK The first example is $LINK; the bubble drive of $LINK does not come from its own operations but from the entire DeFi track exploding with large-scale participatory narratives. Many DeFi projects have a demand for the oracle Chainlink, and at that time, Chainlink had almost no competitors in the market, leading to $LINK being crazily pursued in the secondary market, causing its price to far exceed actual demand. Looking at the present, three hotspots can be identified: First is the RWA in the financial sector, Second is the AI that is hot from Web2 to Web3, Third is the ZK that the Ethereum ecosystem is promoting. ▌RWA track demand RWA products also need to use oracles; currently, two relatively hot oracles are ChainLink and @PythNetwork, both of which are related to RWA products. In comparison, Chainlink holds a 61.91% market share, demonstrating a leading effect. Pyth's market share is only one-tenth of Chainlink's, but the FDV of $Pyth is only one-thirteenth of $LINK. In comparison, it may have more potential. ▌AI track demand The AI track is characterized by strong necessity and irreplaceability. I would choose AI Depin. Compared to other types in the AI track that can be imitated, GPUs are scarce resources. For example, @AethirCloud ($ATH) has a strong core competitiveness and irreplaceability because it accommodates a vast global computing power. The bubble-making ability of $ATH has already begun to reflect in its price. ▌ZK track demand There are already several ZK Layer 1 or Layer 2 projects on the market, but these projects can only provide ZK proofs for their own chains. However, there are two projects that provide ZK proofs for other Layer 1 and Layer 2. If the ZK track explodes, other Layer 1/Layer 2 will not be able to update ZK proofs in a short time. Due to technical reasons, it may also be difficult in the long term. At this time, these two ZK infrastructures will be needed. One is succinct $Prove, which has already been listed on Binance spot; currently, in terms of operations and price, it does not seem to have any bubble-making feeling. In comparison, the other project @boundless_xyz may not be as popular as the former. However, in terms of operations, it may have a greater ability to "create bubbles." Boundless has implemented an ambassador program, with several KOLs promoting Boundless globally. Although Boundless has not yet issued tokens, it may be more promising in terms of "creating bubbles." ╰┈⯈ Celebrity-driven bubble $DOGE This one goes without saying; it’s the bubble driven by Musk. Similarly, in this round, we can focus on Trump. ▌This round driven by Trump $WLFI should have products in the future, so it has a certain base; based on this, it may perform better under the influence of the Trump family. Once liquidity is abundant after a period of interest rate cuts, and the altcoin season arrives, $WLFI and even $Trump may have opportunities for celebrity-driven sales. Of course, I believe that $WLFI has a larger "base." Of course, what we are discussing here is not the present; it’s hard to say in the short term. ╰┈⯈ Product-driven bubble $AXS In fact, the explosive DeFi in 2021, including Uniswap, belongs to this category. The chain game launched by AXS attracted many users to participate. The game interface is very exquisite. Although the gaming experience is average, the visual enjoyment and profit effect are very attractive. ▌This round's Hyperliquid Without a doubt, the product that is ideal and has a profit effect is none other than #hyperliquid $HYPE. ▌DefidotApp In addition, @defidotapp $HOME should not be underestimated. Although the DefidotApp product does not compete with Hyperliquid, in terms of community building, token model design, and marketing, DefidotApp is not inferior to Hyperliquid. Moreover, DefidotApp itself aggregates Hyperliquid's transactions, thus having the same trading depth. DefidotApp is part of its ecosystem. Additionally, DefidotApp has launched on both Binance and Coinbase, facing a global market. Of course, $HOME has an airdrop, so we need to pay attention to whether it can avoid the airdrop selling pressure during the altcoin season. If there is no selling pressure when the altcoin season explodes, can $HOME take off like $SHIB followed $DOGE in 2021, following $HYPE? ╰┈⯈ Innovative narrative-driven $MANA The innovative narrative of the metaverse track exploded in 2021; although it has almost disappeared now, $Mana and $Sand from that year also experienced a big bubble. Some people categorize $AXS into this type, but $Mana and $Sand are in a virtual 3D environment, where participants can model or develop, and the way ordinary users can participate is relatively limited. In comparison, $AXS allows retail investors to participate, making it more like chain games and gamefi. ▌Chain abstraction Chain abstraction is somewhat like the metaverse; it has innovative narratives and technical content. However, as an infrastructure, chain abstraction currently lacks products with retail participation. Except for $Parti. Particle is the earliest platform to realize chain abstraction products on the internet, and based on Particle, UniversalX is a chain abstraction DEX. In almost all chain ecosystems, users can use universal U and universal GAS to directly purchase assets from any chain, becoming a new generation of dog-fighting tools. ┈┈➤ In conclusion There are many factors driving bubbles; forgive this article for not being able to summarize them comprehensively. For example, strong庄币 purely pulls the market, but it is difficult to layout coins like $MYX in advance. Everyone is welcome to supplement. What this article wants to express is that in the face of the Federal Reserve's impending interest rate cuts and the upcoming monetary easing environment, we must first find projects with a "sufficient base" and then look for those that may create larger "exponential" bubbles. The projects mentioned in this article include: ◆ RWA demand: $LINK\$PYTH ◆ AI track demand: $ATH ◆ ZK track demand: Boundless (not yet issued tokens) ◆ Celebrity-driven: $WLFI ◆ Product-driven: $HYPE\$HOME (this coin needs to pay attention to the timing of airdrop selling pressure) ◆ Innovative narrative: $Parti Everyone is welcome to supplement.
TVBee
TVBee
╰┈⯈Effort The level of effort determines the lower limit, while talent determines the upper limit. If you don't put in any effort, the lower limit is still zero. However, effort can also hit a bottleneck, and talent affects the upper limit. ╰┈⯈Projects The technology of a project determines the lower limit, while operations determine the upper limit. If the technology of a project is good, it is unlikely to perform poorly; if the technology is poor, the starting point will be even lower. However, operations determine the upper limit; otherwise, no matter how good your technology is, it may not attract interest. ╰┈⯈Coins The fundamentals of a coin determine the lower limit, while MEME ability (emotion) determines the upper limit. Good fundamentals mean that there will be more support when the coin price drops, whether from faith or market cap management. However, regardless of whether it's BTC, tech-based, or DeFi... all coins experience explosive growth through MEME-like emotional dissemination and MEME-like price increases.

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Decentraland FAQ

Decentraland is a blockchain-powered virtual world built on the Ethereum network. Players in the Decentraland world can explore, play, and socialize in the metaverse and monetize their experience through in-game assets.

MANA is an ERC-20 token used as a form of currency in the Decentraland metaverse. All MANA tokens have the same value and are interchangeable. On the other hand, each LAND token is a unique NFT (ERC-721), and its value varies according to its properties.

Easily buy MANA tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include MANA/USDT, MANA/USDC and MANA/BTC.

You can also buy MANA with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for MANA with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into MANA, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one Decentraland is worth €0.28492. For answers and insight into Decentraland's price action, you're in the right place. Explore the latest Decentraland charts and trade responsibly with OKX.
Cryptocurrencies, such as Decentraland, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Decentraland have been created as well.
Check out our Decentraland price prediction page to forecast future prices and determine your price targets.

Dive deeper into Decentraland

Decentraland is a living, breathing, immersive 3D Metaverse built on the Ethereum blockchain. The key aim of Decentaland is to provide a fully decentralized virtual world where users can socialize, learn and monetize various pursuits in an autonomous universe.

Decentraland's native utility token, MANA, is the backbone of the Decentraland economy. The token is used as the primary currency of exchange, making it valuable for players and helps support MANA price. MANA is an ERC-20 token needed to purchase character avatars and wearables, LAND non-fungible tokens (NFTs), and can also be used to pay for other goods and services in the Decentraland world.

The other integral token of the Decentraland ecosystem is LAND. LAND tokens are NFTs representing a player's ownership over areas within the Decentraland metaverse. The possibilities of virtual real estate in Decentraland are limited only by one's imagination. Some players choose to establish NFT art galleries on their land, while others have monetized their LAND by building virtual casinos where players can win MANA.

The demand and growth of Decentraland players drives Decentraland's price. For this reason, the MANA chart often moves in correlation with other gaming and metaverse-focused cryptocurrencies.

How does Decentraland work?

The Ethereum blockchain powers Decentraland. In other words, it leverages Ethereum's distributed and transparent nature to power a decentralized metaverse. This means that users own and manage the virtual world and its digital assets.

In addition, Decentraland employs a multi-layered architecture to ensure the virtual space is secure, interactive, and composable. The platform, in particular, is made up of three infrastructure layers, which are as follows:

The Consensus Layer

This layer creates and maintains a record or ledger where LAND token ownership is registered. The protocol uses this to track the ownership of digital real estate on Decentraland.

The Content Layer

The second layer of Decentraland controls the activities on each plot of land. This is accomplished by enabling a distributed storage system for the files required to render content on virtual plots of land. To render an object on Decentraland, its description must include the content files referencing the texture, 3D meshes, and sound.

The scripting entry point and the definition of peer-to-peer (P2P) interactions are also required files. The former refers to the data needed to establish the position, interaction, behavior, and movement of 3D objects. In contrast, the latter refers to the appropriate server connection required to initiate P2P interactions, such as gestures, positions, voice chats, and messaging.

Real-time Layer

The distributed server connection is established on the final architectural layer to enable social interactions, including user-to-user and user-to-application interactions.

After all these infrastructures were in place, users could create avatars on Decentraland, acquire lands, and build on them. Casinos, nightclubs, museums, lounges, and other structures can be built on these lands.

You can control how other users interact with these lands after you build applications or scenes on them. You can, for example, charge a fee whenever other users request access to a service you provide on your property. If building applications are not your strong suit, you can rent your land for a fee. Overall, you are expected to manage your digital land like you would manage physical property.

Decentraland has provided easy-to-use Builder tools, knowing that the coding requirements for building digital applications from scratch may be too complex. Users can use this to create applications and scenes on Decentraland using a drag-and-drop system. The marketplace, where you can sell or buy LAND, wearables, names, and other in-game assets, is another essential component of the Decentraland ecosystem.

MANA price and tokenomics

The MANA token has a total supply of 2,193,539,027 coins, according to CoinMarketCap data. Approximately 1.86 billion MANA tokens are currently in circulation. On August 18, 2017, the Decentraland team held a private token sale in which $25 million USD in ETH was raised. MANA tokens were distributed to various parties from the initial supply in the following distributions:

  • Forty percent allocated to private sale investors.
  • Twenty percent channeled to the Decentraland Foundation.
  • Twenty percent given to the development team.
  • Twenty percent allocated to the community reserve.

MANA uses a deflationary burn mechanism to maintain scarcity and support the Decentraland price. When LAND is traded in MANA on the Decentraland marketplace, a 2.5% fee is deducted from the transaction. This fee is then burned, effectively removing it from the total supply of MANA.

About the founders

Ariel Meilich and Esteban Ordano originally founded Decentraland in late 2017. Meilich is an experienced entrepreneur who has previously established a diverse range of startups. He was also a former analyst at a reputable Silicon Valley venture capital fund, Charles River Ventures.

Ordano comes from a more technical background, holding previous positions as a software engineer at notable cryptocurrency businesses like BitPay. Before founding Decentraland, Ordano was an advisor for the Matic project and ran his own smart contract development agency.

While both founders have since stepped down from their roles at Decentraland, the development of the Decentraland project is ongoing. In the true spirit of blockchain technology, the development of the project is overseen by the autonomous Decentraland Foundation.

Decentraland has positioned itself over the years to become a market leader in the crypto sphere while also making a splash in the traditional economy. This is evident in the ecosystem's recent barrage of impressive partnerships. For example, in December 2021, Decentraland partnered with basketball superstar Stephen Curry and Under Armour, the sports fashion company that produces Curry's signature shoes. In the same month, Decentraland also announced a collaboration with luxury marketplace UNXD to host a metaverse fashion show.

Decentraland highlights

Decentraland has had a lot of success with mainstream partnerships. For example, the Barbadian Ministry of Foreign Affairs announced plans to establish virtual embassies across multiple metaverses, including Decentraland.

In addition, Steph Curry and Under Armour partnered with Decentraland in December 2021. Samsung followed suit on January 6, 2022, when it announced plans to build a digital version of its flagship store in New York City on Decentraland.

Tennis Australia announced a critical partnership with Decentraland on the 17th of the same month, allowing the VR platform to host virtual recreations of the Australian Open. Lastly, JP Morgan opened a lounge on Decentraland a month later, making it the first bank to launch a product on the metaverse.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
€546.00M #81
Circulating supply
1.92B / 2.19B
All-time high
€5.028
24h volume
€29.67M
3.7 / 5
MANAMANA
EUREUR
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