What Is MultiversX (EGLD)?
Key Takeaways
• MultiversX aims to provide a scalable and secure blockchain network for next-gen applications, achieving up to 263,000 transactions per second.
• The EGLD token serves multiple purposes, including staking for network security, paying transaction fees, and participating in decentralized governance.
• The platform emphasizes ecosystem growth, offering developers a share of gas fees to incentivize high-quality dApp creation.
• Security and self-custody are critical for EGLD holders, with hardware wallets like OneKey providing essential protection against online threats.
As blockchain technology accelerates toward powering the next generation of digital infrastructure, MultiversX—formerly known as Elrond—has emerged as a leading platform redefining scalability, performance, and real-world usability. With its native token EGLD (eGold), MultiversX positions itself at the forefront of decentralized finance, metaverse innovation, and global digital asset adoption.
The Vision: An Internet-Scale Blockchain
MultiversX’s core mission is to provide a distributed, scalable, and secure blockchain network designed for next-generation applications. Boasting over 3,000 decentralized validator nodes, MultiversX leverages adaptive state sharding and a state-of-the-art Secure Proof-of-Stake (SPoS) consensus mechanism. These innovations enable the network to achieve massive throughput—up to 263,000 transactions per second—while maintaining a low average cost per transaction of just $0.002. The platform also remains environmentally friendly, operating as a carbon-neutral blockchain [source].
Core Technology and Features
- Adaptive State Sharding: MultiversX is the first blockchain to bring all three aspects of sharding (network, transaction, and state) live, allowing seamless horizontal scaling without sacrificing speed or decentralization.
- Secure Proof-of-Stake (SPoS): This consensus model combines efficiency, security, and reduced energy consumption, enabling rapid transaction finality and making it one of the most technically advanced layer-1 blockchains [source].
- WASM-Based Virtual Machine: Developers can deploy smart contracts using familiar programming languages, accelerating decentralized application (dApp) development and ecosystem growth.
With these capabilities, MultiversX is not just another blockchain; it’s a foundational ecosystem for DeFi, real-world asset tokenization, and metaverse applications [source].
The EGLD Token: Utility and Economics
EGLD, also called eGold, is the native asset of MultiversX. It serves multiple purposes:
- Securing the Network: Holders can stake EGLD and earn an average annual percentage rate (APR) of around 8.17%, supporting validator activity and network security.
- Paying Fees: All network transactions, smart contract executions, and dApp operations are paid using EGLD.
- Decentralized Governance: EGLD holders participate in protocol-level decision-making, directly impacting the network's evolution.
- Limited Supply: The token has a capped issuance model—no more than 31.4 million EGLD will ever exist, with approximately only 26 million currently circulating. This scarcity mirrors principles found in traditional stores of value and drives long-term accumulation [source].
Ecosystem Growth and Latest Developments
In 2025, MultiversX continues to be recognized for its technical leadership and robust ecosystem. Developers receive 30% of the gas fees generated by their smart contracts, incentivizing the creation of high-quality dApps. The network’s focus on real-world applications and strong developer incentives have helped attract partnerships and foster a thriving DeFi and metaverse sector [source].
For deeper insights, credible industry sources like CoinDesk and CryptoSlate provide up-to-date EGLD market trends, partnership news, and platform upgrades.
Price Action and Market Outlook
MultiversX’s market trajectory is closely tied to broader crypto trends and Bitcoin’s performance. In 2025, EGLD prices are expected to remain volatile, with expert forecasts ranging from $15 to over $120 depending on adoption rates, macroeconomic conditions, and ongoing technical advancements [source][source]. Despite price fluctuations, the platform’s scalability, innovation, and real-world focus position it as a serious contender for long-term adoption.
Security and Self-Custody: Why Hardware Wallets Matter
As the value of EGLD and other digital assets grows, self-custody becomes a critical concern for investors and active participants in the MultiversX ecosystem. Securely managing EGLD—whether for staking, governance, or long-term holding—requires robust protection against online threats and unauthorized access.
The OneKey hardware wallet offers advanced security for managing MultiversX (EGLD) and countless other cryptocurrencies. With industry-leading protection and intuitive user experience, OneKey lets you safely stake, store, and transact EGLD, ensuring your digital wealth remains solely under your control. For anyone participating in MultiversX’s expanding decentralized world, a reliable hardware wallet is not just a convenience—it’s an essential safeguard.
Explore the evolving world of MultiversX, harness the power of EGLD, and secure your assets with hardware wallet solutions built for the future of blockchain.
