Interest and the number of players in Hamster Kombat have sharply declined recently. The tap-to-earn game on Telegram once boasted up to 300 million players.
Also, the market capitalization and trading volume of other tap-to-earn projects have dropped significantly over the past few months.
Hamster Kombat Loses 260 Million Players in Just 3 Months
As of November 2024, Hamster Kombat’s monthly active user count is down to just 41 million, a drop of 260 million from its peak of 300 million players back in July. In fact, the player base had already fallen below 100 million by August following a delayed airdrop and internal conflicts.
Read more: What Is Hamster Kombat?
Additionally, the airdrop plan in September left many users disappointed. Since then, players have been continuously leaving the game. The price of the HMSTR token has also dropped more than 70% from its high of $0.0084 in September to $0.0023.
Moreover, the number of subscribers to the Hamster Kombat Announcement Telegram channel has steadily decreased since September. The channel loses about 150,000 to 200,000 subscribers daily.
“Most tap-to-earn mini apps experience a significant user drop-off right after launching their tokens. The root cause is often that airdrop recipients, after selling off their tokens, find no further incentive to stay engaged, losing interest and moving to other projects that haven’t yet launched,” Alvin Kan, COO at Bitget Wallet, told BeInCrypto.
The search trend for the keyword “Hamster Kombat” has also dropped from 100 points to 3 points in the past three months.
“Lesson for all the meme coin fanatics: meteoric rise? Cool. But if your project can’t keep them hooked, get ready for a freefall,” Mario Nawfal’s Roundtable on X commented.
Currently, Hamster Kombat plans to integrate NFTs as in-game assets in its second season, which is expected to launch this month. However, this news has yet to rekindle interest in the project.
Additionally, tokens of other tap-to-earn games have also seen significant drops in the past seven days, with an average decrease of 20%.
Read more: Top 8 Hamster Kombat Alternatives in 2024
According to CoinMarketCap, the market capitalization of the tap-to-earn sector is currently around $1.1 billion, with a daily trading volume of $268 million.
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