EGLD
EGLD

MultiversX price

$49.2900
-$6.3000
(-11.34%)
Price change from 00:00 UTC until now
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MultiversX market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
Market cap
$1.37B
Circulating supply
27,701,698 EGLD
Market cap ranking
72
24h high
$56.0500
24h low
$48.7300
All-time high
$561.88

MultiversX price performance in USD

The current price of MultiversX is $49.2900. Since 00:00 UTC, MultiversX has decreased by -11.33%. It currently has a circulating supply of 27,701,698 EGLD and a maximum supply of 31,415,926 EGLD, giving it a fully diluted market cap of $1.37B. At present, the MultiversX coin holds the 72 position in market cap rankings. The MultiversX/USD price is updated in real-time.
Today
-$6.3000
-11.34%
7 days
$3.3500
+7.29%
30 days
$20.2900
+69.96%
3 months
$22.5900
+84.60%

About MultiversX (EGLD)

3.1/5
TokenInsight
3.1
10/26/2022
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Elrond is a software protocol that makes blockchain technology secure, globally scalable, and interoperable. Its sharded architecture allows for the seamless execution of smart contracts with low transaction fees and near-instantaneous speeds.

Elrond's software infrastructure comprises two unique features — Adaptive State Sharding and a Secure Proof-of-Stake (SPoS) consensus mechanism. The network also uses the Elrond WASM VM, a fast virtual machine that can run smart contracts in any programming language and compile to WebAssembly.

Adaptive sharding occurs at every level, including transaction, data, and network. This means the infrastructure can dynamically adapt to provide high throughput and speed. The sharding mechanism automatically merges or splits based on network usage or the number of validator nodes available. To improve efficiency, Elrond employs sharding in its consensus mechanism. SPoS consensus selects consensus validator nodes from shards via a random source that cannot be predicted or influenced. The validator uses a modified BLC multi-signature scheme to validate blocks.

Elrond also has an integrated development environment, which allows developers to collaborate, write, and create programs and applications for users on the platform. Users can also create their own Elrond Standard Digital Token, marketed as an improved version of ERC-20.

Elrond's native cryptocurrency, EGLD, has a variety of applications. The network's primary circulation coin is used for validator rewards, staking, transactions, and smart contract payments. It is also a necessary component of the platform's governance mechanism.

EGLD price and tokenomics

The total token supply of the project is limited to 31.42 million. Following the initial release of 20 million tokens, the network intends to gradually release eGLD over the next ten years until it reaches its maximum supply. Elrond's tokens were initially available on the Binance Chain as ERD. It was later renamed EGLD. A little more than 20 million tokens are currently in circulation.

EGLD reached its all-time high price of $490 on November 23, 2021. This increase followed the project's $1.29 billion liquidity incentive program announcement. In June 2019, the project raised $1.9 million in private investment rounds at $0.5 per token. In its initial exchange offering (IEO), it exchanged 25% of its total token supply for $3.25 million at $0.65 per token.

A fourth of the token supply was made available for public sale, with the remaining 15% reserved for private sale. 5% are reserved for future rounds, and the remaining tokens are allocated to staking rewards, grants, community, advisors, the company, and the team.

About the founders

Established in 2017 by Lucian Todea, Beniamin Mincu, and Lucian Mincu, Elrond is run by the Malta-based company Elrond Network, which is responsible for the project's growth. Before founding Elrond, CEO Mincu was Head of Product and Business at Nem Core. He also co-founded MetaChain Capital, a premier digital assets investment fund, with his brother and engineer, Mincu.

Todea is the founder and CEO of Soft32. He is also a partner in mobilPay and an angel investor in Typing DNA and Smart Bill. The network also includes a strong team of entrepreneurs, engineers, and developers with impressive experience and success track record.

Elrond highlights

Elrond announces the largest DeFi liquidity incentive program

In November 2021, Elrond announced a $1.29 billion liquidity incentive program for its Maiar DEX DeFi platform. The project used the native token, MEX, to distribute $282 million among its DEX users.

"By distributing Maiar DEX ownership to the subsequent billion users, the project sought to lay the foundation for a truly global financial system that is accessible to everyone, everywhere," said CEO Beniamin Mincu.

Runtime Verification extends commitment towards Elrond

Elrond uses the NASA-pioneered Runtime Verification framework to develop its protocol, core components, and applications. Having worked with the Runtime Verification team since its inception, Elrond announced that it had extended its commitment to the Elrond Ecosystem by becoming a non-custodial staking provider.

This will provide EGLD delegation services to the ecosystem and significantly contribute to network security and decentralization. The Runtime Verification staking pool had five active nodes as of September 16, 2022, and offered ±11% APR with a capped delegation limit.

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Socials

Posts
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2.7K new posts about MultiversX, driven by 442 contributors, and total online engagement reached 923K social interactions. The sentiment score for MultiversX currently stands at 89%. Compared to all cryptocurrencies, post volume for MultiversX currently ranks at 1472. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of MultiversX.
Powered by LunarCrush
Posts
2,676
Contributors
442
Interactions
922,999
Sentiment
89%
Volume rank
#1472

X

Posts
2,495
Interactions
915,407
Sentiment
90%

EGLD FAQ

What is the total supply of EGLD?

Elrond has a capped total supply of 31.4 million tokens and a circulating supply of 23.15 million. The remaining EGLD will be gradually released over the next ten years until it reaches its maximum supply.

Where can I buy EGLD?

Easily buy EGLD tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include EGLD/USDT and EGLD/USDC.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for EGLD with zero fees and no price slippage by using OKX TR Convert.

Should I buy EGLD?

When buying EGLD or any other cryptocurrency, it is crucial to approach the decision thoughtfully. Consider personal financial circumstances, risk tolerance, and trading goals thoroughly. Conducting rigorous research, evaluating the project's fundamentals, analyzing market conditions, and seeking guidance from a financial advisor, if necessary, are recommended steps before making any trading decisions.

How much is MultiversX worth today?
Currently, one MultiversX is worth $49.2900. For answers and insight into MultiversX's price action, you're in the right place. Explore the latest MultiversX charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as MultiversX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as MultiversX have been created as well.
Disclaimer
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