EGLD
EGLD Rank #277
Layer 1Smart Contract Platform
₹355.08
▲ 1.97%
24h
Market Cap
₹10,783,325,098
24h Volume
₹9,395,668
All-Time High
₹52,157.73
All-Time Low
₹232.28
Circ. Supply
30,368,720
Fully Diluted
—
Price Chart
24h Price Range
INR
₹332.50
₹355.08
Overview
About EGLD
MultiversX (formerly Elrond) is a Layer 1 blockchain designed for high transaction throughput using a sharding architecture, supporting decentralized apps, DeFi, and digital assets. Its token is EGLD.
MultiversX, originally launched as Elrond, was founded by brothers Beniamin and Lucian Mincu along with Lucian Todea, launching its mainnet in 2020 with a sharding design aimed at very high transaction throughput, later rebranding to MultiversX in 2022 to reflect an expanded metaverse and digital economy focus.
MultiversX uses Adaptive State Sharding, splitting the network into shards that each handle transactions, state, and network communication in parallel, aiming to scale linearly as more nodes join, combined with a Secure Proof of Stake consensus mechanism.
EGLD pays transaction fees and is staked to secure the network and participate in governance. MultiversX has pursued applications spanning DeFi, gaming, and what it calls the metaverse, alongside partnerships aimed at bringing traditional businesses on-chain.
Key Facts
Market Rank#277
Circulating30,368,720 EGLD
SymbolEGLD
