MultiversX: From Elrond's Technological Innovation to Layer 1 Ecosystem Explosion

Have you heard of MultiversX? This public blockchain is growing rapidly and, with a strong user base and impressive market capitalization, has become one of the most scalable Blockchain platforms in the market. MultiversX is the successor of Elrond, and after a brand upgrade, it now focuses more on building the Metaverse and Web3 ecosystem.

The latest data shows that the current price of EGLD is $6.47, which, although distant from the historical high of $545.64, precisely reflects the market's cooling period. The circulating supply has reached 28,963,320 coins, close to the maximum supply limit of 31,415,926.

Why can MultiversX stand out?

The core commitment of MultiversX is simple yet ambitious: to achieve true mass adoption with advanced technology. It aims to solve the “trilemma” of Blockchain — achieving high speed, decentralization, and security simultaneously. Traditional public chains always make trade-offs among these three, while MultiversX tries to have all.

From an infrastructure perspective, this platform supports large-scale DeFi applications, NFT ecosystems, and even enterprise-level use cases. EGLD, as the native token, serves as the fuel for the entire network.

Technical Foundation: Three Major Innovations Supporting Ultra-Fast Experience

Adaptive State Sharding

This is the core technological innovation of MultiversX. Imagine splitting the entire network and database into multiple small pieces (shards), allowing transactions to be processed in parallel instead of waiting in line. The best part is that the number of shards will be dynamically adjusted based on network demand—more shards during high traffic and fewer shards during low traffic.

Result? 15,000+ transactions per second throughput, while the transaction fee is less than $0.01. This speed and cost combination is enough to make other public chains blush.

Secure Proof of Stake

Compared to traditional Proof of Stake, MultiversX's SPoS introduces two key optimizations: random selection of validators (to prevent collusion) and cryptographic randomness (to ensure fairness). This not only accelerates block confirmation speed but also maintains sufficient security and decentralization. The entire network has over 3,000 validators, making it sufficiently decentralized and resistant to attacks.

WASM Virtual Machine and Developer Friendly

MultiversX supports the development of smart contracts in various programming languages through the WebAssembly virtual machine. Developers are not bound by Solidity and can use familiar languages such as Rust, Go, or even Python to build applications. This greatly lowers the barriers for porting cross-chain applications.

The Real Use and Benefits of EGLD Token

EGLD is not just a trading asset; it plays multiple roles within the entire ecosystem:

• Transaction Fees: Each transaction and smart contract call requires the consumption of EGLD.
• Network Verification: Validators obtain block rights and rewards by staking EGLD.
• Governance Participation: Holders can vote on on-chain upgrades.
• Ecosystem Payment: DApps, NFT markets, etc. use EGLD as a settlement asset.

Staking EGLD can yield an annual return of 7%-12%, which is quite attractive in the current low interest rate environment. However, it is important to note that staking carries the risk of being penalized, and market fluctuations may also affect return expectations.

Factors Driving EGLD Price and Market Performance

EGLD trades freely on centralized exchanges and DEX, with prices determined by supply and demand. The current price of $6.47 may seem ordinary, but understanding the dynamics behind it is important:

• Adoption Rate: The more active applications on the network, the greater the demand for EGLD.
• Circulation Change: The circulation of 28,963,320 coins is relatively fixed, and the supply side is constrained.
• Market Cycle: The sentiment of the crypto market, macro policies, and competitor dynamics will all affect prices.

Users can manage volatility risk by setting price alerts and limit orders.

Benchmarking Against Other Layer 1 Public Chains

To be honest: Although Ethereum has the strongest developer ecosystem, it has obvious disadvantages in throughput and fees. Solana is fast but raises concerns about stability. MultiversX has found a better balance between speed, fees, and decentralization.

Ecological Status: From Infrastructure to Application Explosion

MultiversX is no longer just a basic chain, but is building a complete ecosystem. DeFi platforms like Maiar DEX and AshSwap run on it, and NFT creators are also taking advantage of its low fee characteristics; Web3 creative projects like Holoride have also chosen to build on MultiversX.

Payment solutions like Utrust have further leveraged the speed and low fee advantages of MultiversX in practical applications—truly global payment scenarios. These real use cases drive the long-term demand for EGLD.

Security and Sustainability

MultiversX has emphasized security since its early design stages:

• The SPoS mechanism itself possesses attack resistance.
• Security audit companies such as Runtime Verification and CertiK have reviewed the core code and found no critical vulnerabilities.
• Bug bounty program invites white hat hackers to continuously test.

In terms of environmental protection, Proof of Stake is 6 million times more energy-efficient than Proof of Work. MultiversX claims that its network operations have achieved carbon neutrality by periodically offsetting residual carbon footprints. This is very attractive to users and institutions with a strong environmental awareness.

From Elrond to MultiversX: The Significance of Brand Upgrade

This is not just a name change. The evolution from Elrond to MultiversX reflects the expansion of the project's vision—from a purely high-performance public blockchain to the infrastructure for the Metaverse and immersive Web3 experiences. However, the technical aspects are fully compatible, and all assets and applications in the Elrond ecosystem seamlessly migrate under the new name.

Quick Start Guide

Want to trade or stake EGLD? Major exchanges have sufficient liquidity. You can:

1. Direct Trading: Buy and sell EGLD on the exchange, manage price fluctuations.
2. Staking Participation: Earn rewards through the exchange's staking service or by independently running validator nodes.
3. Ecosystem Applications: Conduct liquidity mining or trading on platforms like Maiar DEX.

Final Suggestions

MultiversX represents the direction of the new generation Layer 1 public chain—not pursuing extreme speed, but finding a practical balance between performance, cost, security, and decentralization. The $6.47 of EGLD, although far below its historical high, also reflects the current market pricing mechanism.

Any investment decision should be based on thorough research and risk awareness. Understanding technical details, ecological applications, team backgrounds, and other factors is essential for making more rational choices. MultiV ersX and EGLD are worth paying attention to, but one should not blindly follow the trend.