Coinspeaker

28 November 2024

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Hamster Kombat Reports $5.3 Billion Trading Volume and 11 Million Token Holders

Hamster Kombat, a Telegram-based clicker game, is experiencing significant trading activity and global interest. Its native token, HMSTR, has seen substantial growth.

However, the game faces a decline in user engagement, raising concerns about its future in blockchain gaming.

Successes and Challenges

Hamster Kombat reported a total trading volume of $5.3 billion and has reached 11 million token holders. Earlier this month, the developers announced a daily spot trading volume of $1.3 billion, with a perpetual trading volume for HMSTR at $4 billion. However, recent trends have seen this volume decrease by 6.54% to $51.32 million.

User engagement has sharply declined, with monthly active users dropping from 300 million in August to 41 million by early November, an 86% decrease. Active addresses also fell from over 700,000 in September to under 20,000 by mid-November. This decline corresponds with a drop in HMSTR token price from $0.01 to $0.0022.

Despite these challenges, community sentiment remains optimistic, with a CoinMarketCap poll indicating that 73% of voters are hopeful about the token's future. Developers are focusing on re-engaging players through new content and gameplay experiences.

The decline in Hamster Kombat's user base reflects a broader challenge in Web3 gaming. At Binance Blockchain Week in Dubai, Notcoin co-creator Sasha Plotvinov emphasized the necessity for emotional engagement and innovative experiences to retain players.

Expectations for Season 2

In response to these challenges, Hamster Kombat is preparing for its second season, promising a revamped experience. The first season, launched in March 2024, attracted over 240 million players but faced issues like a controversial airdrop and fluctuating token prices. Following its listing on major exchanges, the token experienced significant volatility, though features like Daily Cipher Codes maintained player engagement.

Season 2 will introduce new features enabling players to create gaming platforms, hire employees, and develop viral games. Players will also be able to retain tokens in-game, which aims to enhance retention and control.

With these updates, Season 2 intends to boost player engagement and stabilize token value while retaining existing players and attracting new ones through fresh challenges.

HMSTR Price Trends

Currently, Hamster Kombat (HMSTR) trades at $0.003787, reflecting a 2.33% decrease over the past 24 hours amid a bull market cycle.