LayerZero CEO, Bryan Pellegrino, revealed that only around 400,000 to 600,000 out of a total of 6 million wallets are considered real accounts.

The majority of addresses, approximately 5 million, engage in minimal transactions or hold small balances, with up to 4.24 million owning less than $10.

Moreover, there are just 300,000 wallet addresses identified as sybil accounts, indicating the likelihood of abuse for activities like "Airdrop farming." These accounts are often not genuine users and tend to abandon projects once they receive the Airdrop rewards.

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