Hamsters.gg, a platform for livestreaming hamster races, has gained a following of betters in the Web3 space eager to amass fortunes. Hamsters race in specially designed lanes with automated starting gates. Users place wagers on their favored hamster.

The concept led to similar platforms with different animals, like Snail Trail ($SLIME), Race (RABBIT), and Rat Roulette (RAT). CoinGecko even created a dedicated category on its website for this niche. The market cap for animal racing coins is $7.44 million.

Amid a bearish crypto landscape, interest in gambling tokens has grown as investors seek high-risk, high-reward avenues to maximize profits. Similar trends occurred with meme coins in the past.

This pursuit of fast wealth isn’t unique to Web3; traditional markets show parallels. Human inclination to seek opportunities for rapid wealth creation remains strong. The combination of thrill, novelty, and potential for profit draws people to these income streams, despite economic downturns and considerable odds.