Despite Losing 86% of Its Active User Base, Web3 Game Hamster Kombat and Its Telegram Mini App Still Witnessed a Daily Trading Volume of $5.3B

The Hamster Kombat Token, ‘HMSTR,’ trading volume was $1.3 billion in spot trading, and it had a perpetual trading volume of $4 billion, as per the Hamster Kombat team.

Despite a decline in active community participants, the Web3 game Hamster Kombat and the Telegram Mini App experienced a daily trading volume of $5.3 billion. According to the Hamster Kombat team, the Hamster Kombat Token (HMSTR) had a spot trading volume of $1.3 billion and a perpetual trading volume of $4 billion.

To commemorate this achievement, the team highlighted the game's vast and diverse community of 11 million token holders, comparing it to "239 Yankee Stadiums full of hamsters holding the tokens and believing in its value." This support is also evident in the投票 from CoinMarketCap, where 73% of voters expressed optimism about Hamster Kombat.

However, despite the high levels of trading activity, Hamster Kombat's overall membership base has shrunk rapidly. According to IntoTheBlock, a recently established blockchain analytics firm, month active users fell sharply from 300 million in August to 41 million in November, an 86% decline. The firm also noted that active addresses declined from about 700 thousand on September 27 to 20 thousand by November 13.

HMSTR’s Price Rebounds Amid User Decline, Experts Underscore Emotional Engagement for Web3 Retention

Interestingly, while user numbers declined, HMSTR's price increased slightly, rising from $0.0022 on November 4 to $0.004401 by November 14, following its decline from its high of $0.01 in late September. This increase, despite the declining users, might be attributed to investors' continued demand for Hamster Kombat stock, causing the price to swing up to retain value.

At Binance Blockchain Week in Dubai on October 30, experts discussed a pressing issue in the Web3 gaming space: user retention. In another Russian project, Notcoin co-founder Sasha Plotvinov highlighted the importance of creating "social and emotional appeals" to keep users engaged. According to Plotvinov, maintaining user attention through continuous creativity and emotion could benefit Web3 projects like Hamster Kombat.

As Hamster Kombat navigates these changes, it boasts high trading volumes and an engaged and passionate fan base. However, engaging that audience and keeping them intact will be one of the most significant challenges for Hamster Kombat as the Web3 space continues to evolve.