Hamster Kombat, an emerging player in the world of Web3 games, has achieved impressive trading numbers, but is facing a worrying decline in user engagement. With a total volume of $5.3 billion and over 11 million holders of its native HMSTR token, the project continues to generate interest in the Cryptocurrency space.
Highlights
On November 14, the Hamster Kombat team announced a daily trading volume of $1.3 billion in the spot market and $4 billion in perpetual contracts for its token. However, these financial achievements contrast with an alarming drop in active users.
- Monthly active users: From 300 million in August to only 41 million in November, a reduction of 86%.
- Active addresses: According to IntoTheBlock, they went from more than 700,000 in September to less than 20,000 in November.
- HMSTR Token Price: From a high of $0.01 on September 26 to $0.0022 on November 4.
Community sentiment
Despite the challenges, 73% of voters on CoinMarketCap still maintains a positive view on the future of the token, while 27% are pessimistic. This reflects a community divided over the long-term prospects of the project.
Challenges in Web3 games
At the recent Binance Blockchain Week in Dubai, Sasha Plotvinov, co-creator of Notcoin, addressed the challenges of maintaining user interest in Web3 games. During the panel titled “Telegram Mini Apps and Games,” he highlighted the importance of offering exciting and renewed experiences to retain players.
More Read
Hamster Kombat represents both the potential and the difficulties inherent in the Web3 gaming sector, where constant innovation and emotional connection with users are keys to success.
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