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Decentraland (MANA)
What is Decentraland?
Decentraland (MANA) is a virtual reality platform built on the Ethereum blockchain, launched in 2017 by Ariel Meilich and Esteban Ordano. It aims to create a decentralized and immersive virtual world where users can purchase, develop, and trade virtual real estate and digital assets. The platform operates using Ethereum's blockchain, employing smart contracts to facilitate secure transactions and land ownership. The native token, MANA, serves multiple functions within the ecosystem, such as purchasing virtual land, goods, and services. Additionally, MANA plays a role in the platform's governance, allowing token holders to propose and vote on policy updates and changes to the platform. Decentraland distinguishes itself by offering a user-driven economy and community governance, enabling users to create, experience, and monetize content and applications. This innovative approach positions Decentraland as a significant player in the growing metaverse and virtual reality space, providing a decentralized alternative to traditional virtual worlds.
When and how did Decentraland start?
Decentraland originated in 2015 when founders Ari Meilich and Esteban Ordano conceptualized the idea of a decentralized virtual reality platform. The project's whitepaper was published in 2017, outlining a vision for a digital world owned and governed by its users. Decentraland's initial token distribution occurred through an Initial Coin Offering (ICO) in August 2017, raising approximately $24 million to fund development. The platform's early development milestones included the launch of its testnet in 2017, which allowed developers to experiment with the virtual environment. Decentraland's mainnet went live in February 2020, enabling users to buy, sell, and build on virtual land parcels using the MANA token. These foundational steps laid the groundwork for Decentraland's growth as a user-driven virtual world.
What’s coming up for Decentraland?
According to official updates, Decentraland is focusing on several key initiatives to enhance its platform. A major upcoming milestone is the introduction of a new SDK (Software Development Kit) version, targeted for release in the next quarter. This upgrade aims to improve the ease of content creation and expand the capabilities available to developers, enhancing the overall user experience. Additionally, Decentraland is planning to implement a series of performance optimizations to improve scalability and reduce latency, which are expected to roll out by the end of the year. The Decentraland team is also working on integrating more decentralized finance (DeFi) features into the platform, with partnerships and collaborations being explored to expand the ecosystem. Governance decisions are also a focus, with upcoming votes planned to address community-driven proposals that could impact the platform's development priorities. These initiatives are designed to solidify Decentraland's position as a leading virtual world platform, with progress being tracked through their official development portals and community updates.
What makes Decentraland stand out?
Decentraland distinguishes itself through its unique approach to virtual real estate and user-generated content within a decentralized metaverse. It operates on the Ethereum blockchain, utilizing smart contracts to ensure secure and transparent land ownership and transactions. This architecture allows for a decentralized governance model, where the community has a say in platform decisions through a Decentralized Autonomous Organization (DAO). Decentraland's ecosystem is enriched by its partnerships with various brands and organizations, which enhance its virtual world with diverse experiences and activities. The platform offers a Software Development Kit (SDK) that empowers developers to create interactive 3D environments and applications, fostering a vibrant, user-driven economy. These elements contribute to Decentraland's distinct position in the growing landscape of digital and virtual worlds.
What can you do with Decentraland?
In Decentraland, the MANA token is primarily used for transactions, enabling users to purchase virtual land, goods, and services within the platform. Holders of MANA can participate in governance by voting on proposals that affect the Decentraland ecosystem, thereby influencing the development and management of the virtual world. Developers can utilize Decentraland to build and deploy decentralized applications (dApps) and interactive experiences using the Decentraland SDK, which allows for the creation of unique 3D environments and applications. The ecosystem includes various wallets and marketplaces that support MANA, facilitating seamless transactions and interactions within the virtual environment. This setup offers practical utilities for users, developers, and token holders, enhancing engagement and functionality across the platform.
Is Decentraland still active or relevant?
Decentraland remains active through recent developments and governance activities. As of October 2023, the platform continues to see engagement with ongoing updates and community involvement. The Decentraland DAO (Decentralized Autonomous Organization) regularly facilitates governance proposals, allowing the community to influence the platform's direction. Recent proposals and votes indicate a vibrant and participatory community. In terms of development, Decentraland has been focusing on enhancing user experience and expanding its virtual world capabilities. This includes updates to its builder tools and improvements in virtual land functionality, which are crucial for maintaining user engagement and attracting new participants. The platform's relevance is further supported by its integrations and partnerships within the metaverse and NFT sectors. Decentraland continues to be a significant player in the virtual real estate market, providing users with opportunities to create, explore, and monetize digital content. These activities demonstrate Decentraland's sustained activity and relevance within the metaverse and virtual reality landscape.
Who is Decentraland designed for?
Decentraland is designed primarily for consumers and creators, enabling them to explore and develop a virtual world where they can interact, socialize, and trade within a decentralized environment. It provides tools and resources such as a Software Development Kit (SDK) for creators to build and monetize virtual experiences, and a marketplace for users to buy, sell, and trade virtual assets. Secondary participants include developers and investors who can engage through governance by holding and voting with the MANA token, contributing to the platform's evolution and decision-making processes. This structure supports a diverse ecosystem where users can enjoy immersive experiences, creators can develop and monetize content, and stakeholders can influence the platform's future direction.
How is Decentraland secured?
Decentraland is secured using the Ethereum blockchain, which employs a Proof of Stake (PoS) consensus mechanism. Validators on the Ethereum network confirm transactions and maintain the integrity of the blockchain. The protocol utilizes cryptographic techniques such as the Elliptic Curve Digital Signature Algorithm (ECDSA) to ensure authentication and data integrity. Participant incentives are aligned through staking rewards for validators who perform their roles correctly, while slashing penalties are imposed to discourage and penalize malicious behavior. Additional security measures include regular audits and a robust governance process, which enhance the network's resilience and reliability. This combination of cryptographic security, economic incentives, and governance safeguards ensures that Decentraland's virtual world operates securely and efficiently.
Has Decentraland faced any controversy or risks?
Decentraland has faced several controversies and risks primarily related to technical and community factors. One notable incident occurred in March 2021 when Decentraland experienced a security vulnerability that could have allowed attackers to exploit user accounts. The team promptly addressed this issue by implementing a security patch and conducting a comprehensive review of their security protocols. They also enhanced their bug bounty program to encourage the discovery and reporting of vulnerabilities. Community disputes have also arisen, particularly concerning governance decisions and the allocation of resources within the platform. These disputes are typically addressed through Decentraland's decentralized governance model, where community members can propose and vote on changes. Decentraland continues to face ongoing risks common to blockchain projects, such as market volatility, regulatory scrutiny, and technical challenges. The team mitigates these risks through regular audits, transparent communication with the community, and continuous development efforts to enhance platform security and functionality.
Decentraland (MANA) FAQ – Key Metrics & Market Insights
Where can I buy Decentraland (MANA)?
Decentraland (MANA) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the MANA/USDT trading pair recorded a 24-hour volume of over $2 430 301.18. Other exchanges include BitMart and YEX.
What's the current daily trading volume of Decentraland?
As of the last 24 hours, Decentraland's trading volume stands at $6,367,684.48 , showing a 22.81% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What's Decentraland's price range history?
All-Time High (ATH): $5.85
All-Time Low (ATL): $0.007883
Decentraland is currently trading ~98.47% below its ATH
and has appreciated +1,006% from its ATL.
What's Decentraland's current market capitalization?
Decentraland's market cap is approximately $174 284 442.00, ranking it #197 globally by market size. This figure is calculated based on its circulating supply of 1 942 255 184 MANA tokens.
How is Decentraland performing compared to the broader crypto market?
Over the past 7 days, Decentraland has declined by 3.22%, underperforming the overall crypto market which posted a 1.19% gain. This indicates a temporary lag in MANA's price action relative to the broader market momentum.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.
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Decentraland Basics
| Whitepaper | Open |
|---|
| Development status | Alpha version |
|---|---|
| Org. Structure | Centralized |
| Open Source | Yes |
| Consensus Mechanism | Not mineable |
| Algorithm | None |
| Hardware wallet | Yes |
| Started |
1 June 2015
over 10 years ago |
|---|
| Website | decentraland.org |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (3) | etherscan.io polygonscan.com solscan.io |
|---|
| Tags |
|
|---|
| Blog | blog.decentraland.org |
|---|---|
| facebook.com | |
| Faq | decentraland.org |
| reddit.com |
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Decentraland Team
Decentraland Exchanges
Decentraland Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Decentraland
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 4 | BNB BNB | $85 880 310 518 | $617.03 | $520 188 105 | 139,184,442 | |||
| 63 | KuCoin Token KCS | $1 140 733 744 | $8.47 | $9 846 376 | 134,655,022 | |||
| 185 | THETA THETA | $194 642 112 | $0.194642 | $6 655 628 | 1,000,000,000 | |||
| 191 | SwissBorg BORG | $182 119 085 | $0.185131 | $189 013 | 983,729,858 | |||
| 218 | Basic Attention Token BAT | $143 717 836 | $0.096090 | $4 893 757 | 1,495,658,357 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 60 | Internet Computer ICP | $1 303 373 176 | $2.36 | $16 011 560 | 552,031,038 | |||
| 77 | Render RENDER | $878 968 666 | $1.70 | $15 264 658 | 517,690,747 | |||
| 93 | Pudgy Penguins PENGU | $623 274 111 | $0.009915 | $144 555 784 | 62,860,396,090 | |||
| 103 | Artificial Superintelligence Alliance FET | $518 946 929 | $0.198833 | $28 039 031 | 2,609,959,126 | |||
| 117 | Chiliz CHZ | $429 146 063 | $0.041527 | $45 676 077 | 10,334,255,768 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $77 169 283 805 | $1.000083 | $9 342 055 539 | 77,162,893,136 | |||
| 12 | Usds USDS | $11 075 583 034 | $0.999855 | $54 290 788 | 11,077,194,156 | |||
| 13 | Wrapped Bitcoin WBTC | $10 108 241 891 | $77 057.45 | $123 140 280 | 131,178 | |||
| 18 | WETH WETH | $8 596 987 095 | $2 282.85 | $373 268 763 | 3,765,896 | |||
| 23 | Chainlink LINK | $5 729 136 057 | $9.14 | $154 834 556 | 626,849,970 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $77 169 283 805 | $1.000083 | $9 342 055 539 | 77,162,893,136 | |||
| 13 | Wrapped Bitcoin WBTC | $10 108 241 891 | $77 057.45 | $123 140 280 | 131,178 | |||
| 14 | Wrapped Liquid Staked Ether 2.0 WSTETH | $9 996 285 846 | $2 811.32 | $25 917 170 | 3,555,731 | |||
| 18 | WETH WETH | $8 596 987 095 | $2 282.85 | $373 268 763 | 3,765,896 | |||
| 23 | Chainlink LINK | $5 729 136 057 | $9.14 | $154 834 556 | 626,849,970 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 77 | Render RENDER | $878 968 666 | $1.70 | $15 264 658 | 517,690,747 | |||
| 114 | Virtuals Protocol VIRTUAL | $452 886 052 | $0.698258 | $32 451 307 | 648,594,347 | |||
| 141 | Floki Inu FLOKI | $312 875 001 | $0.000032 | $16 783 395 | 9,652,376,334,884 | |||
| 169 | Axie Infinity AXS | $236 686 152 | $1.39 | $29 462 373 | 170,192,637 | |||
| 185 | THETA THETA | $194 642 112 | $0.194642 | $6 655 628 | 1,000,000,000 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 146 | Immutable X IMX | $299 236 262 | $0.169221 | $5 927 731 | 1,768,317,543 | |||
| 169 | Axie Infinity AXS | $236 686 152 | $1.39 | $29 462 373 | 170,192,637 | |||
| 193 | The Sandbox SAND | $177 291 902 | $0.071942 | $20 380 032 | 2,464,357,126 | |||
| 241 | Gala GALA | $120 897 830 | $0.003197 | $14 152 035 | 37,811,012,828 | |||
| 324 | Ronin Token RON | $73 563 311 | $0.095240 | $4 183 874 | 772,401,679 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 7 | Solana SOL | $48 359 587 721 | $83.94 | $1 708 528 310 | 576,088,875 | |||
| 8 | TRON TRX | $28 160 074 231 | $0.326065 | $395 987 807 | 86,363,298,503 | |||
| 15 | Cardano ADA | $9 568 821 597 | $0.247899 | $237 409 189 | 38,599,647,244 | |||
| 37 | Toncoin TON | $3 404 765 633 | $1.35 | $63 815 641 | 2,524,189,701 | |||
| 51 | Near Protocol NEAR | $1 535 642 159 | $1.30 | $85 954 866 | 1,185,165,436 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 15 | Cardano ADA | $9 568 821 597 | $0.247899 | $237 409 189 | 38,599,647,244 | |||
| 32 | Avalanche AVAX | $3 844 302 801 | $9.10 | $141 537 570 | 422,275,285 | |||
| 36 | Sui SUI | $3 655 727 267 | $0.912695 | $155 258 715 | 4,005,418,370 | |||
| 51 | Near Protocol NEAR | $1 535 642 159 | $1.30 | $85 954 866 | 1,185,165,436 | |||
| 54 | Aave AAVE | $1 392 239 412 | $92.37 | $162 093 587 | 15,073,211 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 185 | THETA THETA | $194 642 112 | $0.194642 | $6 655 628 | 1,000,000,000 | |||
| 218 | Basic Attention Token BAT | $143 717 836 | $0.096090 | $4 893 757 | 1,495,658,357 | |||
| 302 | Theta Fuel TFUEL | $82 668 444 | $0.011301 | $1 167 117 | 7,315,196,286 | |||
| 316 | AIOZ Network AIOZ | $75 074 514 | $0.060025 | $1 631 277 | 1,250,723,575 | |||
| 532 | Zora ZORA | $30 921 839 | $0.012369 | $4 158 982 | 2,500,000,000 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $274 932 557 500 | $2 282.99 | $7 233 040 842 | 120,426,316 | |||
| 4 | BNB BNB | $85 880 310 518 | $617.03 | $520 188 105 | 139,184,442 | |||
| 7 | Solana SOL | $48 359 587 721 | $83.94 | $1 708 528 310 | 576,088,875 | |||
| 8 | TRON TRX | $28 160 074 231 | $0.326065 | $395 987 807 | 86,363,298,503 | |||
| 15 | Cardano ADA | $9 568 821 597 | $0.247899 | $237 409 189 | 38,599,647,244 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $77 169 283 805 | $1.000083 | $9 342 055 539 | 77,162,893,136 | |||
| 9 | Lido Staked Ether STETH | $22 340 740 024 | $2 280.97 | $19 236 978 | 9,794,399 | |||
| 12 | Usds USDS | $11 075 583 034 | $0.999855 | $54 290 788 | 11,077,194,156 | |||
| 13 | Wrapped Bitcoin WBTC | $10 108 241 891 | $77 057.45 | $123 140 280 | 131,178 | |||
| 14 | Wrapped Liquid Staked Ether 2.0 WSTETH | $9 996 285 846 | $2 811.32 | $25 917 170 | 3,555,731 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 141 | Floki Inu FLOKI | $312 875 001 | $0.000032 | $16 783 395 | 9,652,376,334,884 | |||
| 146 | Immutable X IMX | $299 236 262 | $0.169221 | $5 927 731 | 1,768,317,543 | |||
| 169 | Axie Infinity AXS | $236 686 152 | $1.39 | $29 462 373 | 170,192,637 | |||
| 193 | The Sandbox SAND | $177 291 902 | $0.071942 | $20 380 032 | 2,464,357,126 | |||
| 241 | Gala GALA | $120 897 830 | $0.003197 | $14 152 035 | 37,811,012,828 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 8 | TRON TRX | $28 160 074 231 | $0.326065 | $395 987 807 | 86,363,298,503 | |||
| 185 | THETA THETA | $194 642 112 | $0.194642 | $6 655 628 | 1,000,000,000 | |||
| 215 | RaveDAO RAVE | $149 886 989 | $0.650834 | $4 978 326 | 230,300,000 | |||
| 263 | Enjin Coin ENJ | $108 628 143 | $0.055413 | $12 928 218 | 1,960,343,429 | |||
| 272 | Livepeer LPT | $103 605 661 | $2.09 | $5 165 182 | 49,688,955 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
Decentraland




