What is EGLD: A Comprehensive Guide to the Elrond Network's Native Cryptocurrency

MultiversX's Positioning and Significance

In 2020, the MultiversX team launched MultiversX (EGLD), aiming to solve issues of scalability and interoperability in blockchain networks.

As a high-throughput public blockchain, MultiversX plays a crucial role in areas such as DeFi, NFTs, and decentralized applications.

As of 2025, MultiversX has become a significant player in the blockchain industry, with a market cap of over $257 million and an active developer community. This article will delve into its technical architecture, market performance, and future potential.

Origin and Development History

Birth Background

MultiversX, originally known as Elrond, was created in 2020 with the goal of providing a secure, efficient, and highly scalable blockchain platform. It was born during the blockchain technology boom, aiming to revolutionize the industry through adaptive state sharding and a new Secure Proof of Stake consensus mechanism.

MultiversX's launch brought new possibilities for developers and users seeking high-performance blockchain solutions.

Important Milestones

• 2020: Mainnet launch, achieving high throughput and smart contract functionality.
• 2021: Rebranding from Elrond to MultiversX, expanding its ecosystem vision.
• 2022: Introduction of the Maiar Exchange, boosting DeFi capabilities.
• 2023: Ecosystem expansion, with numerous DeFi protocols and NFT platforms joining the network.

With support from its community and the MultiversX Foundation, MultiversX continues to optimize its technology, security, and real-world applications.

How Does MultiversX Work?

No Central Control

MultiversX operates on a decentralized network of computers (nodes) spread across the globe, free from control by banks or governments. These nodes collaborate to validate transactions, ensuring system transparency and attack resistance, granting users greater autonomy and enhancing network resilience.

Blockchain Core

MultiversX's blockchain is a public, immutable digital ledger that records every transaction. Transactions are grouped into blocks and linked through cryptographic hashes, forming a secure chain. Anyone can view the records, establishing trust without intermediaries.

MultiversX employs adaptive state sharding technology to further enhance performance and scalability.

Ensuring Fairness

MultiversX uses a Secure Proof of Stake (SPoS) consensus mechanism to validate transactions and prevent fraudulent activities like double-spending. Validators maintain network security by staking EGLD tokens and running nodes, receiving EGLD rewards in return.

Its innovation includes high energy efficiency and high transactions per second (TPS).

Secure Transactions

MultiversX uses public-private key encryption to protect transactions:

• Private keys (like secret passwords) are used to sign transactions
• Public keys (like account numbers) are used to verify ownership

This mechanism ensures fund security while keeping transactions pseudonymous.

MultiversX also implements additional security features such as smart accounts and built-in escrowing capabilities.

EGLD's Market Performance

Circulation Overview

As of November 15, 2025, EGLD's circulating supply is 28,787,993 tokens, with a total supply of 28,787,993. The maximum supply is capped at 31,415,926 tokens, indicating a deflationary model.

Price Fluctuations

EGLD reached its all-time high of $545.64 on November 23, 2021, driven by the overall cryptocurrency bull market and increased adoption of the MultiversX network.

Its lowest price was $5.48, recorded on October 11, 2025, likely due to broader market corrections and potential regulatory uncertainties.

These fluctuations reflect market sentiment, adoption trends, and external factors impacting the cryptocurrency space.

Click to view the current EGLD market price

On-Chain Metrics

• Daily Transaction Volume: Data not available
• Active Addresses: Data not available
• Staking Rate: Data not available

MultiversX (EGLD) Ecosystem Applications and Partnerships

Core Use Cases

MultiversX's ecosystem supports various applications:

• DeFi: Maiar Exchange, providing decentralized trading and liquidity provision.
• NFT and GameFi: Elrond Knights, driving blockchain-based gaming and digital collectibles.

Strategic Collaborations

MultiversX has established partnerships with AWS and Samsung, enhancing its technological capabilities and market influence. These partnerships provide a solid foundation for MultiversX's ecosystem expansion.

Controversies and Challenges

MultiversX faces the following challenges:

• Technical Issues: Scalability concerns as the network grows
• Regulatory Risks: Potential scrutiny from financial regulators
• Competitive Pressure: Rising competition from other smart contract platforms

These issues have sparked discussions within the community and market, driving MultiversX's continuous innovation.

MultiversX Community and Social Media Atmosphere

Fan Enthusiasm

MultiversX's community is vibrant, with daily transaction volumes reaching millions. On X, related posts and hashtags like #MultiversX frequently trend, with monthly post volumes in the hundreds of thousands. Price surges and new feature releases have ignited community enthusiasm.

Social Media Sentiment

Sentiment on X shows polarization:

• Supporters praise MultiversX's high security and scalability, viewing it as the "future of decentralized finance".
• Critics focus on price volatility and adoption challenges.

Recent trends indicate generally bullish sentiment during market upturns.

Hot Topics

X users actively discuss MultiversX's regulatory landscape, energy efficiency, and potential for mainstream adoption, showcasing both its transformative potential and the hurdles it faces in becoming mainstream.

More Information Sources for MultiversX

• Official Website: Visit MultiversX official website for features, use cases, and latest updates.
• Whitepaper: MultiversX Whitepaper details its technical architecture, goals, and vision.
• X Updates: On X, MultiversX uses @MultiversX handle, with over 500,000 followers as of November 15, 2025, posts covering technical upgrades, community events, and partnership news, generating thousands of likes and retweets.

MultiversX Future Roadmap

• 2026: Launch enhanced sharding protocol, improving transaction throughput and scalability
• Ecosystem Goal: Support 10,000 dApps and attract 100 million users
• Long-term Vision: Become the global standard for decentralized applications and digital economy

How to Participate in MultiversX?

1. Purchase Channels: Buy EGLD on Gate.com
2. Storage Solutions: Use MultiversX's official wallet for secure storage
3. Governance Participation: Engage in community decisions through the MultiversX DAO
4. Ecosystem Building: Visit MultiversX for Developers to develop dApps or contribute code

Summary

MultiversX redefines digital currency through blockchain technology, offering transparency, security, and efficient transactions. Its active community, rich resources, and strong market performance set it apart in the cryptocurrency space. Despite facing regulatory and scaling challenges, MultiversX's innovative spirit and clear roadmap position it as a key player in the future of decentralized technology. Whether you're a newcomer or a seasoned player, MultiversX is worth watching and participating in.

FAQ

What does egld mean?

EGLD stands for eGold, the native cryptocurrency of the Elrond blockchain network. It's designed for fast, secure, and scalable transactions in the digital economy.

How much is $1 worth of egld?

As of November 2025, $1 is worth approximately 0.02 EGLD. However, cryptocurrency prices are highly volatile and can change rapidly.

Is egld a good coin?

Yes, EGLD is considered a promising coin with strong fundamentals, innovative technology, and growing adoption in the Web3 ecosystem. Its scalability and energy efficiency make it an attractive investment option for 2025 and beyond.

Who owns EGLd?

EGLD is a decentralized cryptocurrency. No single entity owns it. It's governed by the Elrond Network and its community of token holders and validators.