EGLD and MultiversX Network Overview
EGLD (eGold) is the native cryptocurrency of the MultiversX blockchain. MultiversX, formerly known as Elrond Network, is a high-performance distributed blockchain network with the core goal of providing scalable, secure, and efficient infrastructure for decentralized applications (dApps), enterprise-grade solutions, and the emerging metaverse economy. The project is dedicated to solving the long-standing "blockchain trilemma" by balancing decentralization, security, and scalability.
Core Technology and Performance Advantages
The MultiversX network employs "Adaptive State Sharding" technology, integrating network, transaction, and state sharding into a dynamically adjusting process to achieve high throughput and efficiency. Combined with the "Secure Proof of Stake" (SPoS) consensus mechanism, the network enhances security while maintaining energy efficiency.
In terms of performance, the MultiversX network can achieve up to 15,000 transactions per second (TPS), with a peak of 263,000 TPS recorded on its public testnet. Its transaction latency is as low as 6 seconds, and average transaction fees remain at a low level of $0.001 to $0.002, demonstrating its ability to handle large-scale transactions.
Rebranding and Ecosystem Development
In November 2022, Elrond Network officially rebranded as MultiversX at the X Day event in Paris, unveiling its ambitious roadmap for building a digital metaverse economy. This rebranding signifies an expansion of the project's strategic focus, aiming to better serve the Web3 and metaverse sectors.
The MultiversX ecosystem currently encompasses several core tools and platforms designed to enhance user experience, security, and transparency. Key components include:
- xPortal Wallet: Provides a user-friendly interface for digital asset management.
- xMoney Payment Product: Focuses on cryptocurrency payment solutions.
- MultiversX Explorer: Used for on-chain data querying and monitoring.
- MultiversX Wallet: The official digital wallet provided.
- MultiversX Bridge: Enables interoperability with other blockchains.
- xExchange: A decentralized exchange platform.
Recent Developments and Security Incident
The MultiversX network experienced a security incident between September 19 and 20, 2026. Attackers attempted to exploit a VM-level atomicity issue leading to invalid state changes, causing the network to temporarily halt operations to prevent further escalation. The development team responded swiftly, prepared and validated a fix, and coordinated its deployment to the mainnet with validators, exchanges, and infrastructure partners. As a result of this incident, some trading platforms, such as Upbit, temporarily listed EGLD as a trading alert item and suspended deposit and withdrawal services.
Additionally, MultiversX had planned to launch Staking v5 between Q4 2025 and Q1 2026, aiming to enhance network security and provide better staking rewards, which is expected to encourage more users to participate in staking and reduce circulating supply in the market.
EGLD Tokenomics
The EGLD token plays multiple critical roles within the MultiversX ecosystem:
- Staking: EGLD holders can stake their tokens to become validators or delegators, thereby earning staking rewards, with an approximate annual yield of 8.17%. The staking mechanism not only secures the network but also provides an incentive for token holders to participate in network maintenance.
- Governance: EGLD holders have the right to participate in network governance voting, allowing them to express opinions and vote on important proposals such as protocol upgrades and economic model adjustments, thereby influencing the future direction of the network.
- Transaction Fees: EGLD is used to pay transaction fees on the network, ensuring the sustainable operation of the network's economic model.
The total supply of EGLD is capped at 31,415,926 tokens, with an initial issuance of 20 million tokens, planned to be gradually released to the maximum supply over the next ten years.
Market Performance and Historical Data
As of October 5, 2026, the price of EGLD is approximately $4.59, with a circulating supply of about 30.8718 million tokens and a market capitalization of approximately $139 million. EGLD's all-time high price was $545.64, reached on November 22, 2021. Its all-time low price was $2.42, reached on June 26, 2026.
EGLD Value and Outlook Analysis
EGLD's value potential is primarily reflected in its strong technological foundation, continuously expanding ecosystem, and strategic positioning in the Web3 and metaverse sectors. MultiversX's adaptive state sharding technology gives it a significant advantage in handling high-concurrency transactions, which is crucial for supporting future large-scale decentralized applications. The founding team's experience in the digital asset space also supports the project's development.
However, EGLD also faces intense market competition, inherent price volatility risks in the cryptocurrency market, and regulatory uncertainties. The recent security incident also reminds investors that even technologically advanced networks can face potential risks. Investors should fully consider its technological advantages and potential risks when evaluating EGLD.
EGLD Trading Channels
EGLD can be traded on multiple mainstream cryptocurrency exchanges. According to the latest market data, platforms supporting EGLD trading include Binance, Pionex, Websea, Bybit, Biconomy.com, Toobit, XT.COM, Bitunix, WhiteBIT, Coinbase Exchange, OKX, bitcastle, Gate, and KuCoin. Investors should verify the compliance and security of platforms themselves before trading.
The platform information mentioned in the article changes with the listing and delisting dynamics of various exchanges; please refer to the official announcements of the exchanges.
