Hamster Kombat Trades $5.3B in Daily Volume, 11M Tokenholders Continue to Hold On

Despite the recent decline in user count for the Web3 game, the Telegram Mini App-based cryptocurrency token for Hamster Kombat has been gaining momentum.

On Nov. 14, the team behind Hamster Kombat announced that the daily spot trading volume of its cryptocurrency token Hamster Kombat (HMSTR) broke $1.3 billion, while perpetual trading volume spiked to over $4 billion.

According to the Hamster Kombat team, currently, there are now 11 million token holders. "It is in excess of 239 Yankee Stadiums full of hamsters holding the tokens and believing in its value," the team wrote in a statement.

Community bullish on Hamster Kombat despite recent user drop

Despite the recent decline in users, the public sentiment is somewhat bullish. According to CoinMarketCap, as of writing, 73% of the 87,689 voters are bullish on Hamster Kombat, while 27% reported showing bearish sentiment.

On Nov. 5, data reflected a sharp decline in users. Hamster Kombat's active monthly users had declined from its peak of 300 million in August to 41 million — a sharp decline of 86%.

Data from IntoTheBlock also revealed a downtrend in active addresses, peaking at over 700,000 on Sept. 27 but trickling down to just above 20,000 by Nov. 13.

The token's price, however degraded from a high of $0.01 on Sept. 26 to $0.0022 by Nov. 4. Still, HMSTR managed to recover a little after pumping to a high of $0.004401 by Nov. 14.

User retention needs social and emotional experiences

On Oct. 30, Cointelegraph spoke with the members of the Open Network ecosystem at the Binance Blockchain Week in Dubai. The topics of discussion during the interview included how those in the space tackle the problem of user retention. According to Notcoin co-founder Sasha Plotvinov, it's obtained by building up social and emotional experiences within a game.

Every game or experience they've made or helped make must be a "new thing" for the users, said the executive of Notcoin speaking to the Cointelegraph and the Binance Blockchain Week audience. Additionally, he said that the user retention and engagement require better emotional touch and experiences.

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