The tap-to-earn sensation Hamster Kombat is grappling with an alarming 86% reduction in its player base since August, plummeting from a staggering 300 million to just 41 million as of November 5. This dramatic fall represents a staggering loss of 259 million players, prompting concerns about the game’s sustainability.
What Factors Contributed to this Decline?
A significant factor in the game’s downturn is the emergence of a formidable rival, Paws, which has quickly captured a substantial audience on the Telegram Mini App platform. This influx of players has diminished Hamster Kombat’s market share, leading to a rapid decrease in its active users.
The native token of Hamster Kombat, HMSTR, has also suffered, experiencing a 75% drop since its peak in September, with its current value hovering around 0.0025 USD. Nonetheless, the number of wallets holding the token has increased to 3.5 million within the last month, indicating some continued interest.
Is the Tap-to-Earn Model Losing Popularity?
Indeed, the troubles faced by Hamster Kombat reflect a broader decline in the tap-to-earn gaming model. Data from DefiLlama shows that the total value locked (TVL) in leading crypto projects on The Open Network (TON) has dropped from 750 million to 300 million USD, signaling waning interest in this gaming style.
- Hamster Kombat’s player base decreased from 300 million to 41 million.
- The HMSTR token’s value fell by 75% since September.
- The rise of competitor Paws has significantly impacted Hamster Kombat’s market share.
- Wider trends show a decline in the tap-to-earn gaming sector.
The current landscape suggests that Hamster Kombat and its peers face an uphill battle with significant user attrition and diminishing token valuations. Ongoing competition and challenges in user engagement loom large, posing serious risks to the viability of these gaming platforms.