MultiversX, a next-generation blockchain platform, has been gaining attention for its innovative approach to scalability and decentralized application development. As of now, the EGLD price stands at $13.37**, with a 24-hour trading volume of **$12.43 million. Over the past day, EGLD has remained stable with a 0.00% change, reflecting a period of consolidation in the broader crypto market. The token maintains a circulating supply of 28.39 million EGLD, approaching its maximum cap of 31.42 million, which underscores its deflationary economic model.
This article explores the fundamentals behind MultiversX, its unique technological architecture, and the role of EGLD within its growing ecosystem—offering insights valuable to investors, developers, and blockchain enthusiasts alike.
What Is MultiversX?
MultiversX is more than just a blockchain—it's a comprehensive technology ecosystem designed to power the new internet. Positioned at the intersection of decentralized finance (DeFi), real-world asset tokenization, and the Metaverse, MultiversX aims to provide a scalable infrastructure for next-generation digital economies.
At the heart of this vision lies a high-performance smart contract platform capable of processing up to 100,000 transactions per second (TPS), achieving finality in just 6 seconds, and maintaining an average transaction cost of only $0.002. These metrics position MultiversX as one of the most efficient blockchains available today, especially when compared to older networks that struggle with congestion and high fees during peak usage.
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The entire network is secured and governed by its native cryptocurrency, EGLD (Electronic Gold). This token serves multiple critical functions:
- Network fuel: Users pay transaction fees in EGLD.
- Staking asset: Validators stake EGLD to participate in consensus and earn rewards.
- Governance token: Holders can vote on protocol upgrades and ecosystem proposals.
- Store of value: With a capped supply and increasing utility, EGLD is designed to appreciate as the network grows.
Developers can deploy decentralized applications (dApps), smart contracts, and protocols on MultiversX using EGLD, making it a central pillar of innovation within the ecosystem.
How Does MultiversX Work?
The key differentiator for MultiversX is its implementation of adaptive state sharding, a sophisticated technique that enables true horizontal scalability. Unlike many blockchains that rely solely on proof-of-stake or limited sharding models, MultiversX applies sharding across three core dimensions:
- State Sharding
The network’s entire data state—account balances, smart contract storage, etc.—is divided across multiple shards. Each shard stores only a portion of the global state, reducing the computational load on individual nodes. - Transaction Sharding
Incoming transactions are distributed among shards based on sender and receiver addresses. This allows parallel processing, drastically increasing throughput without sacrificing security. - Network Sharding
Nodes themselves are grouped into logical segments (shards), enabling efficient communication and consensus within each group while minimizing cross-shard latency.
These three layers work together through an advanced coordination mechanism powered by the Metachain, a dedicated coordination shard responsible for finalizing blocks, managing cross-shard transactions, and ensuring network-wide consistency.
The network currently operates with 3,200 validator nodes spread across four shards: three execution shards handling transactions and one Metachain shard overseeing consensus and coordination. During public stress tests involving 1,500 nodes from 29 countries across 50 shards, the system achieved an impressive 263,000 TPS, demonstrating real-world scalability potential.
This level of performance makes MultiversX particularly well-suited for enterprise-grade applications, mass-market dApps, and complex financial systems requiring speed, low cost, and reliability.
What Makes MultiversX Unique?
While numerous blockchains promise scalability, MultiversX stands out by being the first network to fully implement all three forms of sharding—network, transaction, and state—simultaneously. This holistic approach eliminates bottlenecks that plague other platforms and allows seamless growth as demand increases.
Another standout feature is the platform’s commitment to developer empowerment. MultiversX incentivizes innovation by allowing developers to earn 30% of the fees generated from their smart contracts as royalties. This revenue-sharing model fosters long-term engagement and encourages high-quality dApp creation—a rarity in the blockchain space.
Additionally, the project emphasizes sustainability and decentralization:
- Regular node rotation prevents centralization.
- Energy-efficient consensus reduces environmental impact.
- Transparent governance ensures community-driven evolution.
MultiversX also publishes detailed economic research, including whitepapers on tokenomics and ecosystem growth strategies. Its goal is clear: establish EGLD as a leading store-of-value digital asset while building a robust foundation for Web3 applications.
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Frequently Asked Questions (FAQ)
What is EGLD used for?
EGLD is the native utility and governance token of the MultiversX network. It is used to pay transaction fees, stake for validation rewards, participate in governance votes, and deploy smart contracts or dApps on the platform.
Is EGLD a good investment?
EGLD offers strong fundamentals due to its limited supply (max 31.42M), growing ecosystem, and high network performance. However, like all cryptocurrencies, it carries market risk. Investors should conduct thorough research and consider their risk tolerance before investing.
How does MultiversX achieve such high transaction speeds?
By implementing adaptive state sharding across network, transaction, and state layers, MultiversX enables parallel processing of operations. Combined with an efficient consensus mechanism and optimized node architecture, this allows up to 100,000 TPS under normal conditions—and even higher during stress tests.
Can I stake EGLD tokens?
Yes. EGLD holders can stake their tokens either as validators or delegators. Staking helps secure the network and earns participants rewards in the form of newly minted EGLD and transaction fees.
How does MultiversX support developers?
MultiversX provides tools like the MxSDK, Maiar Launchpad, and comprehensive documentation to simplify dApp development. Additionally, developers earn 30% of smart contract fees as ongoing royalties—a powerful incentive for innovation.
Where can I buy EGLD?
EGLD is listed on major cryptocurrency exchanges worldwide. You can trade it using fiat or other digital assets depending on platform availability.
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Final Thoughts
MultiversX represents a bold step forward in blockchain technology. With its advanced sharding architecture, low-cost transactions, and developer-first incentives, it is well-positioned to support the next wave of decentralized applications across finance, gaming, identity, and enterprise solutions.
As the ecosystem continues to expand—with increasing dApp adoption, institutional interest, and global node participation—the role of EGLD becomes increasingly vital. Whether you're an investor assessing long-term potential or a developer seeking a high-performance platform, MultiversX offers compelling use cases backed by proven scalability.
Staying informed about price movements, technological updates, and ecosystem milestones will be key to navigating this evolving landscape successfully.