{
  "url": "https://blockindex.ai/coin/egld",
  "name": "MultiversX",
  "links": {
    "github": "https://github.com/multiversx/multiversx-sdk",
    "website": "https://multiversx.com/",
    "whitepaper": null
  },
  "dScore": 72,
  "market": {
    "priceUsd": 2.8418599112284935,
    "marketCapUsd": 85737045.05189832,
    "volume24hUsd": 5315140.36464952,
    "priceChange7dPct": -0.75705814,
    "priceChange24hPct": -1.60625771
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 30169342.51865901,
    "circulatingPct": null
  },
  "ticker": "EGLD",
  "founder": "Beniamin Mincu, Lucian Mincu, Lucian Todea",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:16.805766+00:00",
  "fairLaunch": false,
  "launchYear": 2017,
  "description": "MultiversX (EGLD) is an ambitious Layer-1 blockchain designed to deliver internet-scale decentralized applications through a combination of adaptive state sharding, a coordination meta-chain, and a Secure Proof-of-Stake (SPoS) consensus. Founded in late 2017 and rebranded from Elrond to MultiversX in 2022, the project positions EGLD as both a native store-of-value and a multi-purpose utility token for fees, staking, and governance. The platform emphasizes a WASM-based execution environment for smart contracts, enabling developers to use familiar languages and toolchains. MultiversX highlights a developer-centric economic model (including a 30% royalty to smart contract deployers) and a product suite—MxWallet, MxBridge, MxExplorer and xProducts—aimed at bootstrapping on-chain activity and real-world usage across payments, DeFi and metaverse-oriented applications.\n\nFrom a technical standpoint, MultiversX focuses on horizontal scalability via three-way adaptive state sharding (state, transaction and network sharding) with validator shuffling, a coordination meta-chain, and BLS-based multi-signatures to preserve security while improving throughput and finality. The SPoS consensus coordinates validator selection and rotating committees to reduce centralization pressure from long-running validator sets. The protocol claims high throughput — public and internal tests reported very large TPS figures (claims up to 100,000 TPS and specific test runs quoting ~263,000 TPS under controlled conditions) while maintaining low transaction costs. The network architecture centers on a WASM runtime and a suite of SDKs and developer tools, enabling dApp authors to compile to WASM and benefit from on-chain royalty flows and native integrations.\n\nIn terms of tokenomics and distribution, EGLD underwent a significant supply transformation during its migration from ERD (ERC-20/BEP-2) to mainnet EGLD in September 2020, with a large-scale token-swap that dramatically reduced nominal supply. The protocol's maximum supply is documented at 31,415,926 EGLD, with circulating supply reported around ~28.95M EGLD (~92.16% of max in the supplied snapshots). Historical allocation fragments include private sale allocations, an IEO on Binance, foundation/company allocations, team/vested allocations and various ecosystem and community funds. MultiversX has continued to iterate on monetary and emissions policy through governance (for example Economics V2 / Staking V5 and the Economic Evolution proposals), moving toward a tailored emissions schedule and decaying tail inflation while preserving validator reward mechanisms.\n\nGovernance is implemented as an on-chain model with token-holder voting and community-governed funds; the MultiversX Foundation and related organizational entities operate ecosystem programs and partnerships. The project has an active upgrade cadence and governance pipeline: notable 2025 milestones include Andromeda and Supernova upgrade discussions, the Staking V5 (Economics V2 Part 1) rollout in December 2025, xMoney stablecoin plans, and ongoing partnership work with cloud providers and infrastructure partners. Ecosystem services include official explorer and SDKs, oracle partnerships (Band Protocol), bridges and a presence on major analytics platforms (CoinMarketCap, CoinGecko, Messari). Overall, MultiversX presents a mature Layer-1 product stack oriented toward scaling, developer economics and expanding real-world payment rails, while remaining subject to governance-driven monetary policy changes that materially impact long-term economics and stakeholder incentives.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "PoS",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 20,
    "nodeDistribution": 28,
    "initialDistribution": 6
  },
  "decentralizationVerdict": "Decentralized"
}