MultiversX (EGLD)

Quick take

• MultiversX (EGLD) is a blockchain built for speed — it splits work across multiple “shards” so it can process transactions fast and cheap.
• EGLD has a hard cap of 31,415,926 coins (yes, that’s pi digits), and most of that supply is already circulating.
• Its price has swung wildly over the years — the all-time high sits above $540, so today’s numbers are only one snapshot in a long, bumpy story.

What is MultiversX?

MultiversX is a blockchain network that was originally launched as Elrond before rebranding in 2022. Its whole pitch is scalability: instead of forcing every computer on the network to process every single transaction (which is what makes some older blockchains slow and pricey), MultiversX splits the workload into pieces so things move faster and cost less.

EGLD is the network’s native coin. You use it to pay transaction fees, to “stake” (more on that below), and to interact with apps built on top of MultiversX — things like decentralized exchanges, games, or lending platforms.

The project markets itself as an “internet-scale” blockchain, meaning the goal is to handle transaction volumes closer to what traditional payment networks manage, not just niche crypto trading.

How does MultiversX actually work?

The core trick is called “sharding.” Picture a busy restaurant with only one chef trying to cook every dish for every table — that’s how a lot of early blockchains worked, and it creates a bottleneck. MultiversX instead hires several chefs (shards) who each handle their own set of orders in parallel, then a head chef (the coordination layer) makes sure everything comes together correctly. The result is more transactions processed at once, without needing everyone to double-check everyone else’s work.

MultiversX also uses a “proof of stake” system. Instead of miners burning electricity to solve puzzles, people lock up EGLD coins as a deposit to help validate transactions. If you don’t want to run a validator yourself, you can delegate your EGLD to someone who does, similar to putting your money in a savings account that earns rewards for helping keep the network secure.

What moves the EGLD price?

Like any crypto asset, EGLD’s price is mostly a tug-of-war between supply and demand. On the demand side, that means how many people want to buy EGLD to use MultiversX apps, stake for rewards, or simply speculate on where the project is headed. More builders launching apps on the network, more staking activity, or positive news coverage can all pull demand up.

On the supply side, MultiversX has a fixed max supply of 31,415,926 EGLD, and with around 30.2 million already circulating, there isn’t a lot of new supply left to enter the market. That scarcity can matter to traders, though it’s only one piece of the puzzle.

Beyond the project itself, EGLD also rides the waves of the broader crypto market. Bitcoin’s price swings, regulatory headlines, exchange listings or delistings, and general risk appetite in financial markets can all push EGLD up or down — sometimes regardless of what’s actually happening inside the MultiversX ecosystem.

MultiversX FAQ

Is EGLD the same as Elrond?

Yes. Elrond rebranded to MultiversX in 2022 to reflect a broader vision beyond just blockchain infrastructure, but EGLD remains the same native coin that powers the network.

What can I actually do with EGLD?

You can use EGLD to pay for transactions on the MultiversX network, stake it to help secure the chain and earn rewards, or use it within apps built on the platform, such as decentralized exchanges and games.

Why does MultiversX’s max supply matter?

A capped max supply of 31,415,926 EGLD means the network won’t just keep printing unlimited new coins forever. Whether that scarcity affects price is up to the market, but it’s a fixed rule built into how the network operates.

This guide is for general information only and isn’t financial advice. Crypto prices are volatile — always do your own research before making decisions.