Hamster Kombat, a Web3 gaming platform, reported a substantial $5.3 billion in trading volume for its token (HMSTR) as of Nov. 14.
Hamster Kombat, a Web3 gaming platform, reported a substantial $5.3 billion in trading volume for its token (HMSTR) as of Nov. 14.
The platform's daily spot trading reached $1.3 billion, with perpetual trading hitting $4 billion. Despite this impressive trading activity, the game has experienced a significant decline in user engagement.
Monthly active users plummeted from 300 million in August to just 41 million by early November, marking an 86% decrease of approximately 259 million users. This decline is corroborated by data from on-chain analytics platform IntoTheBlock, which noted a drop in active addresses from over 700,000 in late September to less than 20,000 by Nov. 13.
The price of HMSTR has also reflected this downward trend, decreasing from a peak of $0.01 on Sept. 26 to $0.0022 on Nov. 4.
Despite these figures, community sentiment appears resilient. According to CoinMarketCap, 73% of 87,689 voters expressed optimism about the token, while 27% held a bearish outlook.
The Hamster Kombat team has attracted a community of 11 million token holders, a number likened to “over 239 Yankee Stadiums full of Hamsters” to illustrate their growing support.
During the Binance Blockchain Week in Dubai, Notcoin co-creator Sasha Plotvinov emphasized the role of emotional engagement in retaining users within Web3 games.
Speaking at the “Telegram Mini Apps and Games” panel, Plotvinov highlighted that for users to remain interested, each game experience must feel novel.
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