MultiversX, formerly known as Elrond, is a high-performance blockchain platform designed to support fast, secure, and scalable digital transactions. With its native cryptocurrency EGLD, MultiversX aims to power the next generation of decentralized applications (DeFi), digital payments, and smart contracts. As of July 4, 2025, the MultiversX (EGLD) price stands at $13.64**, equivalent to €11.58. Over the past 24 hours, EGLD has seen a decline of **-3.47%**, with a 24-hour trading volume of **$11.6 million and a market capitalization of $387.3 million.
This article provides a comprehensive overview of MultiversX (EGLD), including its core technology, real-time statistics, use cases, and where to acquire the token—all while optimizing for clarity, accuracy, and search engine visibility.
What Is MultiversX (EGLD)?
MultiversX is a rebranded evolution of the Elrond blockchain, reflecting its expanded vision beyond just a scalable network to an interconnected ecosystem for decentralized innovation. At its core, MultiversX leverages adaptive state sharding and a secure proof-of-stake (SPoS) consensus mechanism to achieve high throughput—up to 100,000 transactions per second—with low latency and minimal fees.
The EGLD token serves multiple critical functions within the ecosystem:
- Transaction fees: Users pay in EGLD to execute smart contracts or transfer assets.
- Staking rewards: Participants can stake EGLD to secure the network and earn passive income.
- Governance: Token holders may influence protocol upgrades and network decisions.
By combining scalability, security, and sustainability, MultiversX positions itself as a competitive player in the Layer 1 blockchain space alongside Ethereum, Solana, and Cardano.
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Real-Time EGLD Market Data
Here’s a snapshot of the current market performance for MultiversX (EGLD):
- Current Price: $13.64 USD
- 24-Hour Change: -3.47%
- 24-Hour Trading Volume: $11.6 million
- Market Cap: $387.3 million
- Circulating Supply: Approximately 28.4 million EGLD (out of a maximum supply cap)
These metrics reflect moderate market activity and investor interest. While not among the top 20 cryptocurrencies by market cap, EGLD maintains a steady presence in the mid-tier blockchain category, supported by consistent development updates and ecosystem growth.
Key Features of the MultiversX Blockchain
1. Adaptive State Sharding
Sharding divides the network into smaller segments (shards) that process transactions in parallel. Unlike static sharding models, MultiversX uses adaptive sharding, which dynamically adjusts based on network load, enhancing efficiency and reducing bottlenecks.
2. Secure Proof-of-Stake (SPoS)
MultiversX employs a variant of proof-of-stake that prioritizes both decentralization and speed. Validators are selected using a randomness mechanism combined with stake size and reputation, minimizing centralization risks while maintaining fast finality.
3. Low Transaction Costs and High Speed
With average transaction fees under $0.01 and confirmation times under 6 seconds, MultiversX is optimized for mass adoption—ideal for micropayments, DeFi interactions, and NFT minting.
4. Interoperability and Cross-Chain Bridges
MultiversX supports interoperability through official bridges to Ethereum and other chains, enabling seamless asset transfers and expanding its utility across ecosystems.
Use Cases of EGLD and the MultiversX Ecosystem
Decentralized Finance (DeFi)
MultiversX hosts a growing suite of DeFi protocols such as Maiar Exchange (its native DEX), xExchange, and various lending platforms. These services allow users to swap tokens, provide liquidity, and earn yields—all with minimal gas costs.
Digital Identity and Web3 Services
Through projects like Maiar ID, MultiversX enables secure, user-owned digital identities—paving the way for privacy-preserving authentication in Web3 applications.
NFTs and Metaverse Integration
The platform supports NFT minting and trading via dedicated marketplaces. Its infrastructure also backs virtual worlds and gaming experiences that require high-speed data processing.
Where to Buy EGLD
EGLD is available on several major cryptocurrency exchanges. Below are some of the top platforms where you can purchase EGLD with USD or stablecoins:
| Exchange | Trading Pair | Price (USD) | 24h Volume |
|---|---|---|---|
| Binance | EGLD/USDT | $14.12 | $1.19M |
| Kraken | EGLD/USD | $13.64 | $49.6K |
| Crypto.com Exchange | EGLD/USD | $13.73 | $60.3K |
| Bitstamp | EGLD/USD | $13.68 | $1.6K |
Note: Prices may vary slightly between exchanges due to liquidity differences.
To buy EGLD:
- Create an account on a supported exchange.
- Complete KYC verification.
- Deposit fiat or crypto funds.
- Place an order for EGLD using your preferred trading pair.
For long-term holders, storing EGLD in non-custodial wallets like Maiar Wallet or Elrond’s official web wallet is recommended for enhanced security.
Frequently Asked Questions (FAQ)
What is the difference between Elrond and MultiversX?
MultiversX is the new brand name for the Elrond blockchain. The rebrand reflects an expanded vision focused on interconnected digital ecosystems, including DeFi, AI integration, and digital identity solutions.
Can I stake EGLD tokens?
Yes. EGLD supports staking through validators on the network. By staking, users help secure the blockchain and earn annual percentage yields (APY), typically ranging from 10% to 15%, depending on network conditions.
Is EGLD a good investment?
EGLD offers strong technological fundamentals and active ecosystem development. However, like all cryptocurrencies, it carries risk due to market volatility. Investors should conduct thorough research and consider their risk tolerance before investing.
How does MultiversX achieve scalability?
Through adaptive state sharding and secure proof-of-stake, MultiversX processes transactions in parallel across multiple shards, achieving high throughput without sacrificing decentralization or security.
What wallets support EGLD?
Official options include Maiar Wallet (mobile) and Elrond Web Wallet. Third-party support is available on Ledger hardware wallets and Trust Wallet.
Does MultiversX have a maximum supply?
Yes. The maximum supply of EGLD is capped at 31,415,926 tokens—a number inspired by the mathematical constant π (pi). This scarcity model is designed to enhance long-term value retention.
Final Thoughts
MultiversX (EGLD) represents a compelling blend of cutting-edge blockchain architecture and practical real-world applications. With its focus on speed, scalability, and interoperability, it continues to attract developers and users seeking alternatives to congested networks like Ethereum.
While the current price reflects moderate market sentiment, ongoing ecosystem developments—such as AI integrations and cross-chain expansions—could drive renewed interest in the future.
As always, potential investors should approach with caution, prioritize security practices like cold storage and two-factor authentication, and only invest what they can afford to lose.
Whether you're exploring EGLD for staking rewards, DeFi participation, or long-term investment, staying informed is key to navigating this dynamic space successfully.
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