Hamster Kombat records $5.3B in daily volume, 11M tokenholders

The cryptocurrency token for the Telegram Mini App Hamster Kombat continues to gain traction, even as the Web3 game recently saw a drop in its user numbers.

On Nov. 14, the Hamster Kombat team reported that daily spot trading volume for its Hamster Kombat (HMSTR) token had reached $1.3 billion, with perpetual trading volume hitting $4 billion.

According to the Hamster Kombat team, there are currently 11 million tokenholders. “It’s over 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 drop in users, the community sentiment remains largely positive. Data from CoinMarketCap shows that 73% of the 87,689 voters are bullish on Hamster Kombat, while 27% expressed bearish sentiment.

On Nov. 5, data showed a significant drop in users. Hamster Kombat’s active monthly users had fallen from a peak of 300 million in August to 41 million — a significant drop of 86%.

Data from IntoTheBlock also showed a decline in active addresses, which peaked at over 700,000 on Sept. 27 but had fallen to just above 20,000 by Nov. 13.

Meanwhile, the token’s price dropped from an all-time high of $0.01 on Sept. 26 to $0.0022 on Nov. 4. Despite this, HMSTR saw a slight recovery as it pumped to a high of $0.004401 on Nov. 14. 

Related: Hamster Kombat Season 2 lets players become CEOs, build game studios

User retention requires social and emotional experiences

At the Binance Blockchain Week held in Dubai on Oct. 30, Cointelegraph asked professionals in The Open Network ecosystem how they approach the challenge of user retention. According to Notcoin co-creator Sasha Plotvinov, retaining users requires creating social and emotional experiences within games. 

The executive told Cointelegraph and the Binance Blockchain Week audience that every game or experience they’ve created or helped create had to be a “new thing” for users. Furthermore, the Notcoin executive also expressed that user retention and engagement require better emotional touch and experiences. 

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