Hamster Kombat, a burgeoning player in the Web3 gaming sector, has reported impressive trading figures, achieving a total volume of $5.3 billion and boasting 11 million token holders.
Hamster Kombat, a burgeoning player in the Web3 gaming sector, has reported impressive trading figures, achieving a total volume of $5.3 billion and boasting 11 million token holders.
On Nov. 14, the project's team announced a remarkable $1.3 billion in daily spot trading volume alongside $4 billion in perpetual trading volume for its native token, HMSTR.
Despite these numbers, the platform faces a stark 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.
Additionally, on-chain analytics from IntoTheBlock revealed a drop in active addresses, falling from over 700,000 in late September to fewer than 20,000 as of Nov. 13.
The price of HMSTR has also mirrored this trend, dropping from a high of $0.01 per token on Sept. 26 to $0.0022 by Nov. 4. Community sentiment appears mixed; according to CoinMarketCap, 73% of 87,689 voters remain optimistic about the token's future, while 27% express bearish views.
At the recent Binance Blockchain Week in Dubai, Notcoin co-creator Sasha Plotvinov addressed the challenges of maintaining user interest in Web3 games.
During a panel discussion on “Telegram Mini Apps and Games,” he highlighted the necessity for emotional engagement and fresh experiences to keep players involved.
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