Hamster Kombat loses 86% of users as Paws Mini App soars on Telegram
Once a leading tap-to-earn game on Telegram, Hamster Kombat has seen a steep decline in its user base and engagement due to political backlash, bans and new competition.
Hamster Kombat boasted 300 million users in August, but as of Nov. 5, the game has only 41 million active monthly players — an 86% decrease.
Meanwhile, Paws, a newly launched Mini App on Telegram, has surged in popularity, reaching 20.5 million users in its first eight days, surpassing Hamster Kombat’s growth trajectory.
According to IntoTheBlock (ITB) data, on Sept. 27, active Hamster Kombat addresses peaked at around 772,330. Since then, user activity and token interest have waned, falling more than 36% in the past week.
IntoTheBlock chart showing Hamster Kombat’s decline in daily active addresses. Source: ITB
Related: Hamster Kombat Season 2 lets players become CEOs, build game studios
Token price and activity plummet
Hamster Kombat’s challenges are reflected in its HMSTR token price, which has fallen nearly 70% from an all-time high of $0.01 on Sept. 26 to about $0.0022 as of Nov. 4, according to CoinGecko data. This decline correlates with lower network engagement and fewer daily active users.
Chart showing the ATH price of the HMSTR token on Sept. 26. Source: CoinGecko
This downward trend is reinforced by ITB’s active addresses ratio (AAR) chart — which calculates the ratio of active addresses to addresses holding HMSTR — revealing a 30-day low of just 0.34% active users.
Still, according to ITB data, the total addresses holding HMSTR have continued to increase, establishing a 30-day high of 3.5 million holders on Nov. 4.
IntoTheBlock chart showing a steady rise in total addresses holding HMSTR tokens. Source: ITB
Compared to the performance of other popular Telegram games, a pattern emerges, as seen with the Dogs (DOGS) token airdrop, which dropped from $0.0014 to $0.0004 between August and Nov. 4.
The DOGS AAR chart also shows a steady drop in activity alongside the token’s falling value, hitting a 30-day low of 0.27% active users on Nov. 3.
Chart depicting the AAR of the DOGS token between late August and Nov. 4. Source: ITB
Scrutiny and volatility response
Hamster Kombat has faced criticism from Iranian government officials and has been hit with rumors of bans in Uzbekistan , which have since been proven inaccurate.
The Hamster Kombat team previously told Cointelegraph that its future plans include payment system integration, launching new games and including non-fungible tokens (NFTs) as in-game assets.
Related: TON blockchain validators prepare for Hamster Kombat coin minting
One falls, one rises
In stark contrast to the fall of Hamster Kombat’s network activity and token price, the Paws Mini App saw over 11 million users join in the first two days alone.
Source: Viktor
A Nov. 4 announcement on the Paws Telegram channel said that 10 million wallets had connected to the app and it had one million followers on the project’s X account.
Magazine: AI agents trading crypto is a hot narrative, but beware of rookie mistakes
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SCRTUSDT now launched for futures trading and trading bots
Bitget has launched SCRTUSDT for futures trading with a maximum leverage of 75, along with support for futures trading bots, on November 21, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. SCRTUSDT-M perpetual futures: Parameters Details Listing
The results of the Solana Radar hackathon have been announced, and the decentralized currency exchange platform Reflect has won the championship
This competition brings together founders and developers from over 120 countries, dedicated to building products in areas such as infrastructure, gaming, decentralized physical infrastructure networks (DePIN), DAOs, DeFi, payments, and various consumer applications.
Solana Hackathon TOP 3, CAI | CharacterX will launch unrestricted AI infrastructure services
In the AI era, infrastructure is like the roads and bridges of the digital world, and what we are building is a highway leading to the infinite possibilities of AI.
Crypto wallet Deblock completes approximately $16.8 million in seed round financing