MultiversX (EGLD) price is $31.85

MultiversX (EGLD) Live Price Data

The live MultiversX (EGLD) price is $31.85, with a 24 hours Blynex trading volume of 36.34 K. The price of EGLD changed by -10.04% in the past 24 hours. With a circulating supply of 27.59M EGLD and a maximum supply of 27.59M EGLD coins. EGLD currently ranks #89 in market cap. You have the option to purchase MultiversX (EGLD) on the Blynex exchange.

Market	Price	24h %	24h High	24h Low	24h Volume
EGLD/USDT	$31.8539	-10.04%	35.58	30.5239	34.59 K	Trade

Market

Price

24h %

24h High

24h Low

24h Volume

EGLD/USDT

$31.8539

-10.04%

35.58

30.5239

34.59 K

Trade

About MultiversX (EGLD)

MultiversX (EGLD) is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). Buying EGLD on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy MultiversX (EGLD).

What is MultiversX (EGLD)?

MultiversX is a blockchain protocol designed to address scalability challenges through a comprehensive implementation of sharding, including state, transaction, and network sharding. It positions itself as a foundational ecosystem for the "new internet," targeting decentralized finance (DeFi), real-world asset integration, and the metaverse. The protocol boasts exceptional performance, with claims of handling up to 100,000 transactions per second (TPS), a latency of 6 seconds, and minimal transaction costs of $0.002.

EGLD Token and Network Governance

The native token of MultiversX, EGLD (Electronic Gold), serves multiple roles within the ecosystem. It facilitates network transactions, rewards validators, and supports governance by enabling token holders to vote on key decisions. Developers use EGLD to deploy smart contracts and build decentralized applications (dApps), enhancing its utility. Through staking and transaction fees, EGLD ensures the secure and efficient functioning of the network while acting as a store-of-value asset akin to digital gold.

Origins and Founders

MultiversX was co-founded in 2017 by Beniamin Mincu, Lucian Mincu, and Lucian Todea. The Mincu brothers brought extensive blockchain expertise, with prior ventures including MetaChain Capital and ICO Market Data. Beniamin also contributed to the NEM blockchain and was an early investor in projects like Zilliqa, Tezos, Brave, and Binance. Lucian Mincu’s background includes IT engineering and security roles, while Lucian Todea is a seasoned tech entrepreneur, having founded Soft32 and invested in innovative companies such as TypingDNA. Their combined expertise shaped MultiversX into a solution-focused platform tackling blockchain scalability.

Technology and Scalability

MultiversX's standout feature is its adaptive state sharding architecture, which divides network operations across execution and coordination shards to optimize throughput. The platform currently operates with 3,200 validator nodes distributed across four shards, including a coordination shard called the Metachain. This infrastructure allows dynamic scaling, as the network can add shards to meet demand. In testing, the platform achieved an impressive 263,000 TPS using 1,500 nodes across 50 shards, demonstrating its capacity for high-performance operations in a decentralized environment.

Ecosystem and Vision

The platform aims to build a robust ecosystem that integrates EGLD as a widely adopted store-of-value asset. It provides developers with incentives, including earning 30% of smart contract fees as royalties, to foster dApp creation and innovation. MultiversX targets enterprise use, decentralized applications, and broader adoption in the new internet economy. Its high scalability and adaptive infrastructure position it as a critical player in addressing the challenges of blockchain scalability and accessibility while enabling next-generation digital applications.