What Decentraland powers
Decentraland (MANA) is a gaming / NFT-ecosystem token, currently ranked 152nd by market capitalization among the assets we track. Decentraland is a gaming- or NFT-ecosystem token: it is meant to be the currency or governance asset inside a game economy or digital-collectible platform. Its value is supposed to track how many people actually play and trade.
Decentraland (MANA) is a virtual reality platform built on the Ethereum blockchain, allowing users to create, experience, and monetize content and applications in a decentralized virtual environment. Users can buy, sell, and trade virtual real estate and assets using MANA, the platform's native cryptocurrency.
How game-economy tokens hold value
Value depends on real engagement, not just token incentives. A thriving player base creates organic demand for Decentraland; an incentive-only economy unwinds the moment rewards slow.
MANA is not mined; it is issued as a token rather than secured by its own mining or staking layer.
Background & fundamentals
Decentraland first went live in 2015, giving it roughly 11 years of on-chain price history to draw on. Decentraland operates under a centralized structure, which concentrates protocol decisions in an identifiable issuer or foundation. Decentraland lists a documented core team of 5, so the people behind the project are at least named on the record.
Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in MANA. CoinPaprika classifies the project's development status as "Alpha version".
In sector terms it is most often filed under Platform, Smart Contracts, and Ethereum (ETH) Token (ERC-20).
Where Decentraland sits in the market
With MANA near $0.0622, Decentraland carries a market capitalization of $122.49M. Around $6.73M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 5.49% of the float — a healthy level of activity for an asset this size.
Almost the entire MANA supply is already in circulation (~100.0% of the 2.2B cap), so future dilution is effectively off the table. MANA remains -99% beneath its all-time high of $5.85, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Recent moves read 24-hour -2.58%, 7-day -12.64%, 30-day -5.90%, 1-year -70.82%. MANA is currently trading near the bottom of its 365-day range (around the 1st percentile of recent closes).
Volatility profile
Recent action puts Decentraland in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals -5.90%, a useful input for stop placement and position sizing.
How to evaluate a gaming token like Decentraland
The honest checklist for MANA is short:
- Player activity — real, retained users inside the game or platform behind MANA.
- Token sinks — whether the economy has durable demand for MANA beyond reward emissions.
- Studio execution — the team's ability to ship and sustain a product people actually want to use.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
