Telegram Mini App Hamster Kombat’s cryptocurrency token continues to gain popularity despite the recent decline in the number of users for the Web3 game.
On November 14, the Hamster Kombat team reported that daily spot trading volume for the Hamster Kombat (HMSTR) token reached $1.3 billion and perpetual trading volume reached $4 billion.
On-chain token holder comparison. Source: Hamster Combat
According to the Hamster Kombat team, there are currently 11 million token holders. “There are over 239 Yankee Stadiums full of hamsters who hold the token and believe in its value,” the team wrote in a statement.
Community optimism about Hamster Kombat despite recent user decline
Despite a recent decline in user numbers, community sentiment is generally positive. According to data from CoinMarketCap, 73% of 87,689 voters are bullish on Hamster Kombat, while 27% are bearish.
Data from November 5 shows a significant decline in user numbers. Hamster Kombat’s monthly active users fell by a massive 86%, from a peak of 300 million in August to 41 million.
Data from IntoTheBlock also showed a decline in active addresses. Active addresses peaked at more than 700,000 on September 27, but fell to just over 20,000 on November 13.
Hamster Kombat active address. Source: IntoTheBlock
Meanwhile, the token price fell from an all-time high of $0.01 on September 26 to $0.0022 on November 4. Nonetheless, HMSTR showed a slight recovery, surging to a high of $0.004401 on November 14th.
relevant: Hamster Kombat Season 2 allows players to become a CEO and build a gaming studio.
User retention requires social and emotional experiences
At Binance Blockchain Week held in Dubai on October 30, Cointelegraph asked experts in the open network ecosystem how they approach the problem of user retention. According to Notcoin co-creator Sasha Plotvinov, retaining users requires creating social and emotional experiences within the game.
Telegram Mini Apps and Games Panel at Binance Blockchain Week. Source: Cointelegraph
The executive told Cointelegraph and the Binance Blockchain Week audience that any game or experience he creates or helps create must be “new” to users. Notcoin executives also expressed the need for better emotional contact and experience to retain and engage users.
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