MultiversX

MultiversX, formerly known as Elrond, is a layer-1 blockchain built around adaptive state sharding. The chain partitions both state and transaction processing across parallel shards to deliver high throughput at low cost. EGLD is the native token used for staking, fees, and governance, and the network has been expanding into Web3 and metaverse infrastructure.

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What Is MultiversX?

MultiversX is a sharded layer-1 blockchain that uses Adaptive State Sharding to scale throughput, secured by a Secure Proof of Stake (SPoS) consensus. The network is designed to handle thousands of transactions per second across multiple parallel shards while keeping fees consistently low. EGLD is the native asset of MultiversX, used for staking, transaction fees, and governance.

Overview - Table of Contents
What Is MultiversX?
Getting Started With MultiversX
How To Get A MultiversX Wallet?
MultiversX Resources
How To Buy MultiversX?
Latest MultiversX News

Elrond Network was founded in 2017 by brothers Beniamin and Lucian Mincu along with Lucian Todea, and launched its mainnet in July 2020. The team rebranded from Elrond to MultiversX in late 2022, repositioning the project around a broader Web3 and metaverse narrative. EGLD remains the token ticker and the rebrand did not require a token migration.

The defining technical feature of MultiversX is adaptive state sharding. The network partitions both state (account balances and contract storage) and transaction execution across multiple shards that operate in parallel. The number of shards can grow or shrink based on network demand, and cross-shard transactions are routed and finalized through a metachain that coordinates validators. This allows throughput to scale with demand rather than being bound by a single global execution thread.

Consensus is Secure Proof of Stake. Validators stake EGLD to participate in consensus and are organized into rotating groups that propose and validate blocks within each shard. Stake can be delegated by EGLD holders to validators through staking providers, with rewards distributed back to delegators. Misbehaving validators are subject to slashing.

EGLD launched with a maximum supply of approximately 31.4 million tokens. The network has since shifted to a sustainable emission model with a low annual tail inflation, partially offset by a fee burn that destroys a share of network fees, so net supply is dynamic rather than capped. EGLD is used to pay transaction fees (the network deploys a fee model with a low fixed cost per transaction and per byte), stake with validators, and vote on governance proposals. Smart contracts on MultiversX are written in Rust using the MultiversX SDK and compiled to WebAssembly for execution by the network's VM.

The MultiversX ecosystem includes DeFi platforms such as xExchange (the network's flagship DEX), lending protocols, NFT marketplaces like XOXNO and Frame It, and infrastructure projects bridging EGLD and MultiversX assets to other chains. The network has also developed Sovereign Chains, an architecture that lets projects launch app-specific chains anchored to MultiversX security.

MultiversX has placed significant emphasis on consumer-facing products. xPortal, the network's mobile super-app, combines a wallet, a payments card, and access to MultiversX dApps in a single mobile experience. The team has framed xPortal as a way to bring mainstream users into Web3 with a familiar mobile-banking-style interface.

Getting Started With MultiversX

Getting started with EGLD and the MultiversX network is straightforward:

Step 1: Create a MultiversX wallet using the official Web Wallet, the xPortal mobile app, or the MultiversX DeFi Wallet browser extension.
Step 2: Buy EGLD on a supported exchange and withdraw to your MultiversX address.
Step 3: Delegate your EGLD to a staking provider through your wallet to earn staking rewards.
Step 4: Explore MultiversX dApps such as xExchange, XOXNO, and the broader ecosystem hub for DeFi, NFTs, and games.

How to Get a MultiversX Wallet?

Several wallets support EGLD and MultiversX-based tokens:

xPortal

xPortal is the official mobile super-app for MultiversX. It includes a non-custodial wallet, fiat on-ramps, an integrated payments card in some regions, and access to MultiversX dApps.

MultiversX DeFi Wallet

The MultiversX DeFi Wallet is a browser extension wallet that supports staking, swaps, and connecting to MultiversX dApps directly from the browser.

MultiversX Web Wallet

The Web Wallet at wallet.multiversx.com is a no-install option for managing EGLD and ESDT tokens, signing transactions, and delegating to staking providers.

Hardware Wallets

Ledger devices support EGLD through the MultiversX app and can be paired with the Web Wallet or DeFi Wallet for cold-storage signing.

MultiversX Resources

How to Buy MultiversX?

EGLD is listed on a broad range of exchanges:

Centralized Exchanges

EGLD trades on Binance (regional availability varies), Coinbase, Kraken, Bybit, OKX, KuCoin, Bitget, and Gate. Common pairs include EGLD/USDT, EGLD/USDC, and EGLD/BTC.

Decentralized Exchanges

On MultiversX itself, EGLD trades on xExchange against ESDT tokens. Wrapped EGLD also trades on Ethereum and BNB Chain DEXs via the Ad-Astra Bridge and other cross-chain bridges.

After buying, EGLD can be staked or delegated through any compatible wallet to earn rewards, or used as gas to interact with MultiversX dApps.

Latest MultiversX News

Recent priorities for MultiversX have centered on Sovereign Chains, the architecture that lets developers launch app-specific chains anchored to MultiversX, and on the continued growth of xPortal as the consumer entry point to the ecosystem. The DeFi and NFT verticals have continued to mature, with xExchange and XOXNO acting as flagship venues for EGLD and ESDT token activity.

Follow the MultiversX blog, the MultiversX Foundation announcements, and the xPortal channels for protocol upgrades, ecosystem launches, and consumer product updates.