TLDR
- The game's active user count collapsed by 86%, equating to a staggering loss of 259 million players in under 90 days.
- Meanwhile, competitor Paws saw explosive growth, capturing the interest of 20.5 million users over just a single week.
- HMSTR token fell 66% from its peak price
- Despite the exodus, the total number of HMSTR token holders impressively climbed to 3.5 million.
- Hamster Kombat is grappling with political hurdles and prohibitions in certain regions.
The mobile gaming scene has witnessed a sudden upheaval with significant changes. Hamster Kombat, a game hosted on Telegram, faces a steep decline, losing 259 million players in under 90 days.
This once-bustling tap-to-earn game now reports just 41 million monthly active users as of November 5, 2024.
The latest figures suggest a bleak outlook for the platform, with an 86% reduction since August, right as a new competitor gains traction within the Telegram gaming space.
Newly launched, Paws demonstrates phenomenal initial growth as a Telegram Mini App.
With 20.5 million users flocking in mere days, Paws signals a quick shift in gaming preferences in the Telegram ecosystem.
This player's exodus has hit Hamster Kombat's native token, HMSTR, hard.
HMSTR's valuation plummeted 66% from its zenith of $0.007 on September 26, down to $0.0024 by the 5th of November, according to CoinGecko stats.
Interestingly, against the tide of falling user numbers, the count of HMSTR token holders reached a high of 3.5 million on November 5. , as reported by IntoTheBlock.
Paws' quick rise is further proven by its wallet connections, with 10 million wallets showing strong user interaction with its financial features.
Additionally, Paws has amassed a social media following with one million users on X, formerly known as Twitter.
Beyond competing with rivals, Hamster Kombat is hit with political challenges, facing criticism from Iranian officials.
Talks of potential bans, particularly in Uzbekistan, add to the platform's woes, though confirmations are pending.
These political and regulatory issues have compounded challenges for Hamster Kombat's operations.
Such obstacles likely complicate maintaining a user base in targeted regions for the platform.
Despite these setbacks, Hamster Kombat keeps functioning, processing transactions, and offering gaming services. The tech team ensures the platform's operations remain unhindered.
Even with dwindled user interaction, Hamster Kombat's economic model, centered around the HMSTR token, persists, aligning transaction volumes to a smaller player base.
Analyzing player trends, it's clear that the switch from Hamster Kombat to alternatives like Paws happened progressively over this quarter, rather than a sudden exit.
Faced with these hurdles, Hamster Kombat's development team rolls out new strategies, including adding diverse payment options, introducing extra game features, and exploring NFTs for in-game use.
Market experts monitor daily user data, suggesting that the current user decline has plateaued at 41 million active members, hinting at a steadfast core audience.
Technical benchmarks for the platform remain stable, ensuring server uptime and transactions meet standards amid reduced player activity.
As of November 5, although user growth has tapered off, Hamster Kombat continues to handle game transactions and maintains core services efficiently.
