MultiversXPrice

(EGLD)

MultiversX, formerly known as Elrond, is a high-performance blockchain platform designed for exceptional scalability. It aims to provide a decentralized and versatile environment to host various blockchain applications and services. As an evolution from its previous identity, MultiversX focuses on delivering robust infrastructure for the next generation of the internet, with EGLD serving as its native cryptocurrency.

EGLD is the native cryptocurrency integral to the MultiversX network. Its uses include paying transaction fees, participating in network governance, and staking to help secure the network while earning rewards. EGLD also functions as a store of value and can be traded on various crypto trading platforms. Moreover, it fuels decentralized applications (dApps) operating within the MultiversX ecosystem, making it essential for network functionality and utility.

MultiversX differentiates itself through a unique architecture engineered for high transaction speeds and scalability. Key features include adaptive state sharding, which allows for parallel transaction processing across multiple shards, and a Secure Proof of Stake (SPoS) consensus mechanism for robust network security. It also utilizes the MultiversX Virtual Machine, supporting diverse programming languages for smart contracts. This design aims to achieve thousands of transactions per second, near-instant finality, and minimal fees, distinguishing it as a highly efficient blockchain solution.

EGLD maintains its value through a sustainable economic model that balances emission and burning. A portion of every network fee generated is burned, which actively reduces the token's total supply. Simultaneously, controlled emissions are utilized to fund staking rewards, support ecosystem growth, and drive innovation within the platform. This mechanism directly links the network's usage and activity to the long-term value of EGLD, which also has a maximum supply cap of 31.4 million tokens.

MultiversX has encountered challenges related to adoption and performance. Concerns have been raised regarding instances where the platform reportedly overpromised on high transaction speeds and low fees, with users experiencing performance issues and increasing transaction costs during peak network activity. The project has also struggled with user adoption and attracting developer interest when compared to some other platforms, indicating ongoing hurdles in achieving its full market potential.

A notable controversy surrounding EGLD's tokenomics arose from a governance proposal in October 2025. This proposal suggested removing the previously established 31.4 million maximum supply cap and introducing a 9.47% annual tail inflation rate. Although the proposal passed with high approval, it sparked significant debate and fears of token dilution among some community members, potentially impacting the long-term scarcity narrative and raising concerns about future selling pressure on the asset.