MultiversX (EGLD) is a blockchain protocol designed to deliver high-speed transactions through advanced sharding techniques. It serves as a comprehensive technology ecosystem for the new internet, integrating fintech, decentralized finance (DeFi), and the Internet of Things (IoT). The platform's smart contract execution capabilities reportedly support up to 15,000 transactions per second, with a latency of six seconds and minimal transaction costs of around $0.001. The native EGLD token is used for transaction fees, network operations, and as a medium of exchange between users and validators. Active participants and community members are compensated with EGLD for their contributions.

MultiversX utilizes adaptive state sharding to enhance scalability while maintaining a robust infrastructure for decentralized applications and transactions. The network is divided into four shards: three execution shards that handle transaction processing and a coordination shard called the Metachain. This sharding architecture separates state, transactions, and network functions, allowing the system to dynamically adjust by adding new shards when demand increases. Developers building on MultiversX receive 30% of smart contract fees as royalties, incentivizing innovation and expanding the platform's ecosystem of decentralized applications (dApps) and protocols.

MultiversX provides a versatile platform for deploying smart contracts, dApps, and decentralized protocols, catering to sectors like fintech, DeFi, and IoT. The EGLD token facilitates network operations, including staking, validation, and transaction fees, while also serving as a governance token that allows holders to participate in decision-making processes. This governance structure and scalability position MultiversX as a suitable platform for high-throughput applications, from financial services and supply chain management to IoT integrations and decentralized finance solutions.

MultiversX was co-founded in late 2017 by brothers Beniamin and Lucian Mincu, along with Lucian Todea, as a solution to blockchain scalability challenges. Before launching MultiversX, the Mincu brothers co-founded MetaChain Capital, a digital asset fund, and ICO Market Data, an aggregator of information on initial coin offerings. The project was first announced in August 2019, with the mainnet going live in July 2020. MultiversX positions itself as a blockchain platform for the new internet economy, decentralized applications, and enterprise use, highlighting its unique implementation of state, network, and transaction sharding to achieve unparalleled scalability.

We update our MultiversX to AUD currency in real-time. Get the live price of MultiversX on Coinbase.

The current market cap of MultiversX is A$651.40M. A high market cap implies that the asset is highly valued by the market.

The all-time high of MultiversX is A$719.89. This all-time high is highest price paid for MultiversX since it was launched.

Over the last 24 hours, the trading volume of MultiversX is A$17.65M.

Assets that have a similar market cap to MultiversX include eCash, EigenLayer, Maple Finance, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of MultiversX is 28 million.

MultiversX ranks 190 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 96% of Coinbase users are buying MultiversX. In other words, 96% of Coinbase customers have increased their net position in MultiversX over the past 24 hours through trading.

Yes, MultiversX is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy MultiversX guide.