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Metaverse tokens are rallying amid renewed interest in NFTs. Last month, NFT sales volume grew for the first time in 7 months<\/a>. And this interest is reflected in metaverse-based NFT token prices. Over the past week, the likes of Axie Infinity (AXS), Sandbox (SAND), and Apecoin (APE)<\/a> have rallied significantly.<\/p>\n Leading the way is AXS, with a 33% gain in the past week. According to CoinGecko,<\/a> the token has performed the best out of the top 100 cryptocurrencies during the time period.<\/p>\n AXS is the native token of Axie Infinity<\/a>, a play-to-earn (P2E) gaming platform. The token is currently trading at $8.78 with a market cap of over $997 million.<\/p>\n The rally is much welcomed within the Axie community, which has endured a torrid year<\/a>. They have had to witness AXS lose over 94% of its value, with its trading volume sinking as low as $18,000. However, the change in fortunes has seen volumes jump to $695 million in the past 24 hours. Subsequently, over $3.2 million in short positions have been liquidated within the period, according to Coinglass<\/a>.<\/p>\n SAND, the token that powers the virtual real estate platform The Sandbox<\/a>, follows Axie in second place. However, unlike AXS, SAND is up only 9% in the past week. It\u2019s currently trading at $0.61 with a trading volume of $201 million and a market cap of over $954 million.<\/p>\n However, the gains have not been enough to upset the yearly losses. SAND is down 92% from its all-time high.<\/p>\n Apecoin (APE) is the other notable NFT-based token that has recorded gains over the past week. It\u2019s up 3% with a trading volume of over $232 million and a $1.5 billion market cap. Interestingly, like most tokens within this category, its trading volume has seen a massive jump over the past few days.<\/p>\n