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Cryptocurrency News Articles
Hamster Kombat Launches Its Own Second-Layer Blockchain on TON
Jan 14, 2025 at 01:00 pm
The Hamster Kombat (HMSTR) project team has announced plans to launch its own second-layer blockchain in collaboration with the Tycho protocol.
A second-layer network can be placed on top of an existing blockchain, for example, Ethereum or Bitcoin, to increase its speed and scalability. As for the second-level network from Hamster Kombat, it will be created on the basis of TON.
The project team hopes that their network will attract developers who work in decentralized finance and blockchain gaming. They also aim to increase the utility of the Hamster Kombat token and support its price, which continues to plummet. Hamster Kombat is currently trading at a price 78% lower than its all-time high.
Of course, launching your own blockchain does not always guarantee an increase in the value of an asset, as evidenced by the experience of other projects. For example, after the launch of the Shibarium network, the memecoin Shiba Inu noticeably fell in price. The same thing happened with tokens Uniswap and dYdX after the emergence of their blockchains UniSwap and dYdX Chain.
Hamster Kombat was one of the most successful p2e games in Telegram in 2024 with an audience of over 300 million users. Its popularity has declined since the token distribution. According to IntoTheBlock, there are currently 3,8 million HMSTR holders.
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