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About MultiversX
What Is MultiversX
MultiversX is a high-performance blockchain protocol designed for scalability and efficiency in decentralized applications.Origin and Background
Launched in 2017 as Elrond and rebranded to MultiversX in 2022, this project aims to build a robust ecosystem for the new internet. Founded by Beniamin Mincu, Lucian Todea, and Lucian Mincu, it focuses on solving blockchain scalability issues through innovative sharding technology. The core concept revolves around adaptive state sharding, enabling high throughput for transactions. Its ecosystem includes tools for decentralized finance (DeFi), non-fungible tokens (NFTs), and metaverse applications, positioning it as a versatile platform for developers and users.How Does MultiversX Work
Operational Mechanisms
MultiversX operates on a sharded blockchain architecture, dividing the network into smaller segments for parallel processing. It uses Secure Proof of Stake (SPoS) as its consensus mechanism, where validators stake EGLD tokens to secure the network and earn rewards. Smart contracts run on the platform's virtual machine, compatible with Ethereum's Solidity for easy development.Technical Principles
The system employs adaptive state, transaction, and network sharding to handle up to 100,000 transactions per second. Private keys secure user wallets, while public keys facilitate transactions. This setup ensures low latency (around 6 seconds) and minimal fees ($0.002 per transaction), making it efficient for real-world use.How Is New MultiversX Created
Issuance and Mining Mechanisms
New EGLD is created through staking and validation rewards in the SPoS system. Validators and delegators stake tokens to participate in consensus, earning block rewards. There's no traditional mining like Proof of Work; instead, it's based on staking.Supply and Inflation Model
The total supply is capped at 31,415,926 EGLD, with a circulating supply of about 28,583,156 as of September 5, 2025. Inflation is controlled through a deflationary model where transaction fees are burned, reducing supply over time. Rewards decrease gradually to promote long-term sustainability.The Use Cases of MultiversX
Payments and Value Storage
EGLD serves as a medium for fast, low-cost payments and a store of value, often called "Electronic Gold" due to its scarcity.DeFi and Smart Contracts
The platform supports DeFi applications like lending, borrowing, and yield farming via smart contracts. Developers can build dApps for automated financial services.Other Applications
It enables NFTs for digital art and collectibles, cross-border transfers with minimal fees, and governance where holders vote on network decisions. Metaverse integrations allow for virtual worlds and real-world asset tokenization.Buy, Send, or Store MultiversX
Purchasing Channels
You can buy EGLD on trusted platforms like WEEX Exchange or through over-the-counter (OTC) services. WEEX offers a secure way to trade cryptocurrencies with user-friendly features.Wallet Types and Storage
Store EGLD in hot wallets (like mobile apps for quick access) or cold wallets (hardware devices for enhanced security). Always enable two-factor authentication and back up your private keys to prevent loss.Operational Processes
To send EGLD, use a wallet app to input the recipient's address and confirm the transaction. For buying, register on WEEX Exchange to earn a free 20 USDT bonus—it's a reliable spot for trading EGLD. Check out their guide for step-by-step instructions. https://www.weex.com/how-to-buyPros & Cons / Risks
Pros
- High scalability with up to 100,000 TPS for efficient operations. - Low transaction costs and fast processing times. - Strong security through sharding and SPoS consensus. - Versatile ecosystem supporting DeFi, NFTs, and more.Cons / Risks
- Price volatility common in crypto markets, leading to potential losses. - Regulatory uncertainties could impact adoption. - Technical risks like network upgrades or bugs. - Competition from other blockchains may affect growth.Comparison
Compared to Bitcoin, which focuses on value storage with slower speeds, MultiversX offers superior scalability like Ethereum but with sharding for better efficiency. Unlike Ethereum's high fees, EGLD provides low-cost transactions, positioning it as a faster alternative for dApps without sacrificing decentralization.Conclusion / Next Steps
MultiversX shows strong potential in scaling blockchain tech for widespread adoption, with future growth in DeFi and metaverse sectors. Explore its whitepaper or roadmap for deeper insights. Join the community to stay updated, or start trading on WEEX to get involved.Market & Ecosystem
Market Cap & Trading Volume
As of September 5, 2025, MultiversX has a market cap of $403,404,410 USD and a 24-hour trading volume of $17,113,055 USD. The price is $14.11 USD, with a 1.59% increase in the last 24 hours.Exchanges Where It’s Listed
EGLD is available on various platforms, including WEEX Exchange, known for secure trading and bonuses like 20 USDT for new users.Community Size & Activity
The community is active on Twitter (now X), Reddit, and Telegram, with thousands of followers discussing updates and developments. Engagement remains high through forums and events.Ecosystem Growth
Growth includes partnerships in DeFi and metaverse spaces, plus increasing developer activity building dApps. Recent expansions focus on real-world asset integration.Official links
Website
Whitepaper
GitHubSocial media and community
X(Twitter)FAQ
1. What is the current price of MultiversX (EGLD) in USD?
2. What is the market capitalization of MultiversX (EGLD)?
3. What is the circulating supply of MultiversX (EGLD)?
4. What factors influence the price of MultiversX (EGLD)?
5. Is MultiversX (EGLD) a good investment?
6. Where can I buy MultiversX (EGLD)?
7. What are the typical fees when buying MultiversX (EGLD)?
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Bloomberg: As Bitcoin Weakens, Stablecoins and RWA Continue to Drive Expansion in Crypto Businesses
In June, Bloomberg reported that despite Bitcoin falling below $60,000 last week, wiping out about $235 billion in market value within seven days, and dropping close to 50% from last year’s peak, some core businesses in the crypto industry are still expanding, mainly in stablecoins, real-world asset tokenization (RWA), payments, and infrastructure. The report also noted that overall altcoin activity has contracted significantly: altcoin market capitalization has fallen from a peak of about $431 billion in November 2021 to around $170 billion, and among the tens of millions of tokens issued in recent years, fewer than 1,700 still maintain meaningful trading activity.
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Binance Research: RWA Market Expected to Expand Nearly 6x from Early 2025, with Public Equities and Onchain Payments Heating Up Together
In June, Binance Research said in its monthly market report that the real-world asset (RWA) market is expected to grow by about 589% from the beginning of 2025. Bond- and money market fund-related RWA expanded by about $6.5 billion, up 83% year over year, while publicly traded equity RWAs grew by about 422%. The report also noted that monthly crypto debit card transaction volume exceeded $747 million in May, up 48.6% year to date.
Japan to Assess a Framework for Yen Stablecoins and Crypto ETFs as Asia’s Compliant Payments Narrative Heats Up
Recently, according to the original report, Japan is considering the launch of yen stablecoins and cryptocurrency ETFs. Public information remains limited at this stage, and there is still no complete policy text, regulatory draft, or clear implementation timeline, so this is better characterized as a “policy discussion” rather than formal implementation. The original wording also noted that advancing stablecoin regulation in Asia is driving XRP usage and supporting growth in the XRPL ecosystem. However, based on currently available public information, there is not enough evidence to directly establish a clear causal relationship between this round of discussion in Japan and XRP or XRPL.
ZachXBT: Humanity private key leak and abnormal surge in H token should be viewed separately
On June 9, according to related disclosures, on-chain investigator ZachXBT posted an update on Humanity’s roughly $31 million security incident, saying that after further analyzing fund flows, he currently tends to believe the project team was not involved in an “inside job” or a self-staged attack. According to him, the official explanation about the private key leak was broadly accurate, but before the token unlock, the price of H had been artificially pushed higher, and the hacker later took advantage of that market environment; therefore, the private key leak and the earlier abnormal price pumping should be regarded as two separate and independent events. This reframing has shifted the market’s understanding of the nature of the incident. Earlier discussion around Humanity had focused on whether the team directly participated in the attack or used the security incident to cover up internal operations. ZachXBT’s latest remarks shift the focus from “whether it was self-theft” to “whether there were pre-unlock market structure issues.” He also questioned whether the team may have.
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