MultiversX (EGLD) is a blockchain protocol that strives to provide quick transaction speeds through the use of sharding. It serves as a technology ecosystem for the new internet, encompassing fintech, decentralized finance, and the Internet of Things. MultiversX compensates its community and active participants with EGLD tokens, which are used to pay for network usage and as a medium of exchange between platform users and validators.

MultiversX operates using a unique adaptive state sharding technology to scale while sharing infrastructure to support a growing number of applications and transactions on the ledger. This technology divides the network into four shards: three execution shards that process transactions, and a coordination shard known as the Metachain. MultiversX's adaptive state sharding architecture completely shards state, transactions, and network. It can scale by adding an additional shard when the throughput demand is unmet. The project also supports developers building on the platform, allowing them to receive 30% of the smart contract fees as royalties.

MultiversX aims to contribute to the cryptocurrency space by providing a platform for deploying smart contracts, protocols, and decentralized applications (dApps). It empowers participants to perform any network action. Through staking and validation compensation, as well as transaction fees, EGLD manages the MultiversX network. Additionally, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions. This positions MultiversX as a platform for a range of applications in the fintech, decentralized finance, and Internet of Things sectors.

MultiversX was co-founded in late 2017 by brothers Beniamin and Lucian Mincu alongside Lucian Todea as a solution to the problem of blockchain scalability, which they believed to be a pressing issue facing the industry. Prior to MultiversX, the Mincu brothers co-founded MetaChain Capital, a digital asset fund, and ICO Market Data, an aggregator of information around initial coin offerings. MultiversX was first announced in August 2019, and its mainnet went live in July 2020. The project describes itself as a blockchain platform for the new internet economy, decentralized applications, and enterprise use. One of its features is its scalability, stating that it is the first blockchain network in which state, network, and transaction sharding have all been implemented.

We update our MultiversX to GBP currency in real-time. Get the live price of MultiversX on Coinbase.

The current market cap of MultiversX is £60.157M. A high market cap implies that the asset is highly valued by the market.

The all-time high of MultiversX is £354.47. This all-time high is highest price paid for MultiversX since it was launched.

Over the last 24 hours, the trading volume of MultiversX is £5.971M.

Assets that have a similar market cap to MultiversX include ORDI, Useless Coin, Four, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of MultiversX is 30 million.

MultiversX ranks 196 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 96% of Coinbase users are buying MultiversX. In other words, 96% of Coinbase customers have increased their net position in MultiversX over the past 24 hours through trading.