Metaverse is up 37,000% this year, outperforming both Bitcoin and other sectors

A market research firm has identified one crypto sector that outperforms them all in terms of exponential growth.

UK-based MacroHive has created four indicators that the company believes have the potential to capture common crypto use cases.

Each index, with the exception of Bitcoin, is made up of 5 tokens that represent the market value of a particular topic or sector.

According to MacroHive, one indicator that far outperforms the rest belongs to the Metaverse range.

“The best performer this year is clearly Metaverse. It’s up 37,000% over the year and 20% over the past seven days. ”

The source: MacroHive

According to MacroHive, the Metaverse index consists of the play-to-earn game Axie Infinity (AXS), the Ethereum-based virtual world The Sandbox (SAND), the virtual reality platform Decentraland (MANA), the blockchain game platform Enjin Coin and the player-controlled blockchain gaming platform Gala.

The next best performing index is the smart contracts sector, which includes Ethereum, Solana (SOL), Cardano (ADA), Avalanche (AVAX), and Polkadot (DOT). According to MacroHive, the index is up 2.355% this year.

Third on the list is the DeFi Index, up 584% year over year. MacroHive chooses the credit and credit protocol Aave, Maker Governance Token (MKR), Compound Smart Contract Defi Platform (COMP), decentralized exchange Uniswap (UNI) and automated market maker PancakeSwap (CAKE).

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