The Hamster Kombat (HMSTR) token demonstrates stable trading activity despite significant user engagement decline in its Web3 game on Telegram.
HMSTR Trading Achievements
On November 14, the Hamster Kombat team declared an impressive $1.3 billion in daily spot trading volume and $4 billion in perpetual trading volume for the HMSTR token. Currently, there are 11 million tokenholders in the community. The team playfully compared this number to 'over 239 Yankee Stadiums full of hamsters', symbolizing the strong community belief in the token's value.
Decline in User Activity
However, analytics indicate a significant decline in user engagement. Monthly active users fell from 300 million in August to 41 million as of early November, representing an 86% reduction. On-chain analytics platform IntoTheBlock also reported a decrease in active addresses from over 700,000 in late September to under 20,000 by November 13. The token's price reflects this trend, falling from a high of $0.01 on September 26 to $0.0022 on November 4. Despite the recent decline in users, community sentiment remains largely positive, with CoinMarketCap data indicating that 73% of the 87,689 voters are optimistic about Hamster Kombat, while 27% hold a bearish outlook.
Importance of Emotional Engagement
At the Binance Blockchain Week in Dubai, Notcoin co-creator Sasha Plotvinov highlighted the importance of emotional engagement to retain users in Web3 games. Speaking at the 'Telegram Mini Apps and Games' panel, Plotvinov emphasized the need for social and emotional experiences to maintain user interest, noting that each game experience must feel 'new' to sustain engagement.
The Hamster Kombat token faces challenges with a drop in user activity but continues to exhibit significant trading results, underscoring the importance of emotional engagement.
