It’s been a really long time since the overall cryptocurrency industry has been underperforming. There is no cryptocurrency or space within the crypto-verse that is able to deliver at its full potential.

When faced with such a situation, the investors want to know whether they need to spend on Bitcoin, Ether, NFTs, and other cryptocurrencies.

The Metaverse Tokens Emerge Victorious

In terms of performance, it is the metaverse tokens that outperform the rest of the altcoins. Despite their bearish situation, their performance has been quite the spectacle as their year-on-year growth rate has been quite phenomenal.

A quick look at their performance on the year-on-year scale shows that the metaverse sector has recorded 400% growth.

A Look at Performances of Major Metaverse Tokens

The metaverse sector is formed of several protocols that have utility and governance tokens of their own. Among these tokens, the most adopted and best performing are MANA, SAND, AXS, and GMT.

MANA is the utility token for Decentraland demonstrating a year-on-year growth rate of 41%. SAND is used on The Sandbox platform and its growth rate has been 470%.

AXS is used on the Axie Infinity platform and is prominently known as Axie Infinity Shards demonstrating a growth rate of 511%. Then there is GMT which runs on the Stepn platform demonstrating a growth rate of 746%.

Through these tokens, the users are able to participate in governance, buy lands, and play different kinds of fees.

Performances of Other Cryptocurrencies

After metaverse, the other high performers that have demonstrated strong year-on-year gains include exchange tokens. As per data from Coingecko, the exchange tokens have recorded an overall 6% year-on-year growth.

Apart from the metaverse and exchange tokens, the rest of the cryptocurrencies saw negative growth. The negative growth rate of the decentralized finance (DeFi) space has been 72%. The year-on-year performance of Bitcoin shows it has gained a 13% negative growth.

Blockchain-based Gaming is the Top Performer

The reason behind the constant success of the metaverse tokens is blockchain-based gaming. The gaming on the blockchains is constantly moving into the metaverse space. Another major sector it is hitting within the crypto-verse is NFTs.

Despite the overall dip in the cryptocurrency universe, the performance of these spaces has been very significant. Although the blockchain-based games had their bad days, their users haven’t fallen below the 1 million active users per day mark.

Taking the performances of all the sectors in mind, it is easier to predict that the metaverse sector will be a better performer than other cryptocurrencies. Therefore, the investors must invest in these cryptocurrencies as they have a higher potential than other cryptocurrencies.