Not really sure the connection to Hololive, but the chaos mechanic reminds me of GTA Chaos mode. I enjoy watching streams of those so I can see the chaos connection.
However, the enemies are quite tanky. They take 7 shots to kill, I think, which makes it feel like losing is inevitable from running out of ammo. Once you are out of ammo, I pretty much just run away from enemies. The chaos timer is also a bit too long. On a typical playthrough I usually just run into maybe 1 or 2 effects before running out of ammo.