Elrond rebranded as MultiversX in 2022. It is a Layer 1 blockchain whose native token, EGLD, pays network fees and supports staking; its sharded architecture is intended to divide work across the network. See sharding.
| Stat | Value |
|---|---|
| Ticker | EGLD |
| Price | $3.45 |
| Market Cap | $107.03M |
| 24-Hour Change | -5.8% |
CoinGecko snapshot checked 2026-10-23. Price, market cap and 24-hour change are volatile; the fields may refresh automatically.
In-Depth Explanation
MultiversX combines state, transaction, and network sharding. A metachain coordinates cross-shard activity, while Secure Proof of Stake selects validators using stake and protocol randomness. These design choices describe how the system is built; headline throughput figures are not a promise of the speed every user will see.
The September 2026 incident shows why architecture claims do not remove operational or software risk. A network pause can affect transfers and services even when the underlying token continues to have a market listing.
History
- 2022 — Elrond adopted the MultiversX name. EGLD remained the native token.
- 2025 — Governance approved the Economic Evolution. The proposal replaced the fixed cap with tail inflation and a fee-burn framework; the first implementation phase followed in December.
- 2026 — A VM-level atomicity issue paused network progression. The project said an attempted exploit caused invalid state changes and that validators coordinated a fix and recovery process.
Tokenomics
EGLD is used for transaction fees and staking. The October 2025 Economic Evolution removed the old fixed maximum supply and introduced a tail-inflation model with a burn component and emissions tied partly to ecosystem indicators. The earlier 31.4 million cap is historical, not the current rule. Validators must stake at least 2,500 EGLD under the project documentation; delegation and rewards remain subject to protocol rules and change over time.
Related Terms
See Also
- Are Layer 2 Networks Actually Decentralized?
- Does Ethereum TPS Include Layer 2 Transactions?
- Is Ethereum Staking Making the Network More Centralized?
Sources
- MultiversX terminology documentation — Defines current EGLD terminology and states that the former 31.4 million fixed cap was removed in October 2025.
- The MultiversX Economic Evolution — Describes the approved move to tail inflation, fee burns, and performance-linked emissions.
- MultiversX September 2026 incident notice — The project announcement describes the September 19 VM-level issue and pause in network progression.
- MultiversX on CoinGecko — Identifies EGLD and provides the linked current market snapshot.