Report: LEO with a market value of $990 million has only 17 active addresses

Previously, for the “Bitfinex alleged private use of Tether funds to make up for the loss of 850 million US dollars” litigation disputes, behind the company Bitfinex in order to solve the funding problem, with the support of Bitfinex issued the platform currency LEO. However, according to statistics, this move eventually exacerbated the seriousness of the problem. After its launch in June, LEO's market capitalization quickly reached more than $1 billion and became one of the top 15 encrypted assets in the market. However, according to a recent report by Coin Metrics, the use of LEO has encountered significant obstacles. The related chart shows that the address holding the LEO broke the 1500 mark in the first 30 days. However, in the past four months, this number has not exceeded 2000. After reaching about 300 active addresses in June, you can see a significant drop, with active addresses below 100 in the next 30 days. As of press time, LEO only recorded 17 active addresses, which is very low for assets with a market capitalization of $990 million.